Portfolio Manager (VP/Director) - Direct Lending

In this role you will join the AllianzGI Direct Lending platform by strengthening our investment capabilities for the UK market.

Based in Munich, Paris, London, Singapore and Rotterdam, the Direct Lending platform is composed of 33 investment professionals. With approx. €10bn AUM, we invest in direct lending transactions in the European lower mid-market and mid-market, and we manage specialized lending strategies across Emerging Markets and Asia.

The role involves supporting the origination, structuring, and execution of direct lending transactions primarily in the UK and, depending on business needs, in other European markets.

The role is based in our London office.

What you do

• Originate and develop lending opportunities with sponsors and intermediaries
• Drive internal processes regarding execution of investments
• Conduct in-depth due diligence across financial, operational, and legal aspects of prospective companies to provide adequate risk analysis of investment opportunities
• Conduct market/industry research, compiling comparable transactions and precedent financings
• Review financial models with the ability to project different scenarios
• Prepare investment memorandum and presentation to the Investment Committee
• Asset management: Monitor assets together with the Asset Management team, contribute to reporting of existing investments in the portfolio
• Contribute to quarterly investor reports, fundraising pitches, and support cross‑team projects within our broader private credit platform (incl. co‑investments, fund of funds and secondaries)
• Facilitate relationships with other teams: Impact Strategy team, Investment committee members, Product specialists, and support functions (Risk management, Legal, Operations, Compliance, Products, etc.)
• Mentor Associates and Analysts, contributing to the team’s strategy, growth plans, and culture of collaboration.

What you bring

• 10+ years of experience in private credit, leveraged finance, or related field, with a strong track record in credit underwriting and deal execution
• Solid foundation in deal execution, credit analysis and stakeholder management, paired with strong analytical skills and the ability to form well-reasoned credit judgements
• Understanding of the characteristics and competitive landscape of the direct lending market in the UK, ideally supported by your own business relationships
• Proven experience in coordinating due diligence reviews, modelling, and negotiating legal documentation
• High degree of ownership, ability, and willingness to go the additional mile to execute a transaction from start to finish and thereafter
• A collaborative mindset within the Direct Lending team and facilitate relationships with other teams: Sustainability/Impact, Investment Committee members, Product Specialists, and support functions (Risk management, Legal, Operations, Compliance, Products, etc.)
• Interest in sustainability, transition financing, and impact-oriented credit strategies
• Eagerness to join a developing platform with an entrepreneurial spirit – a solutions-oriented person
• Excellent verbal and written communications skills. Fluency in English. Fluency in a second European language would be a plus
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices
• Proficiency in Microsoft applications. Experience on Bloomberg is a plus. Strong data analytics skills.

What we offer

• We empower our employees by ensuring flexible work arrangements that maintain a balance between performance, productivity, career development, and personal priorities (e.g., hybrid model/flexible working hours)
• Securing your future: Access to company pension/savings plans
• Shared success: Company share purchasing plan
• Support for what matters: Mental health and wellbeing programs
• Investments in your career: Career opportunities within the entire Allianz Group
• Investments in your skills: Comprehensive learning and development offerings, including certifications and professional qualifications
• … and so much more!

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives.  

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.   

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.  

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.  

If you feel inspired to promote the active asset management experience, this is the place for you. Join our international, technology-enabled, and agile environment. Simply upload your CV in English to apply for this position.  If you need support to navigate our websites or at any stage during your application, please send an email with your request to recruiting@allianzgi.com  

To Recruitment Agencies

Allianz Global Investors has an in-house recruitment team that sources great candidates directly. Therefore, Allianz Global Investors does not accept unsolicited resumes from agency or search firm recruiters.  

When we do work with recruitment agencies, that engagement is formalized by a contract. Fees will only be paid when there is a contract in place.  

Without a contract in place, we will not accept invoices on unsolicited resumes, even if the candidate was ultimately employed by Allianz Global Investors.  

Finally, please do not contact hiring managers directly.  

Join us. Let’s care for tomorrow.

93985 | Asset & Investment Management | Professional | n.a. | Allianz Global Investors | Full-Time | Permanent