Associate Portfolio Manager (f/m/d)

The Private Markets Solutions Team designs and manages diversified private markets portfolios across bespoke mandates and evergreen funds, translating client objectives and market views into allocation, portfolio construction and investment decisions. Working across private equity, private debt, infrastructure, and selectively real estate, the team partners with specialist investment teams to access their deal flow in primaries, co-investments and secondaries while also investing in the platform’s direct strategies and performing selective, complementary sourcing. The team retains end-to-end responsibility for portfolio strategy, pacing, investment decisions and ongoing portfolio steering. The team is part of risklab, the solutions pillar of Allianz Global Investors’ global investment platform, and works closely with other risklab teams, on modelling of private markets, strategic asset allocation advice, and holistic public-private portfolios. The Associate Portfolio Manager takes ownership of defined portfolio-management responsibilities across diversified private markets mandates and evergreen funds, translating client objectives, portfolio analysis and market views into actionable allocation and investment recommendations. In addition, the role helps develop the team’s investment strategy capability by producing cross-asset-class research, relative-value assessments and investment theses that inform portfolio decisions. What you will do * Manage defined portfolio workstreams – and progressively portfolios – across private equity, private debt, infrastructure and real estate, under the oversight of senior portfolio managers. * Develop allocation, pacing and portfolio-construction recommendations based on client objectives, portfolio exposures, cash-flow forecasts and investment guidelines. * Evaluate investment opportunities in a total-portfolio context and formulate clear recommendations for portfolio reviews and investment committees. * Develop market views, relative-value assessments and investment theses across private markets, working closely with specialist investment teams. * Translate investment research and market developments into practical implications for portfolio allocation, construction and steering with the clear aim to generate extra returns. * Take ownership of high-quality portfolio analyses and decision materials, coordinating inputs across investment teams and functions and delivering reliably under tight deadlines. * Improve investment frameworks, analytical tools and team processes, while guiding analysts on assigned workstreams. What you bring * Master's degree or equivalent qualification in finance, economics, business administration or another quantitative discipline; a PhD, CFA and/or CAIA qualification is an advantage. * 3-5 years of relevant experience in private markets, investment management/ consulting or investment/ academic research; demonstrable private markets expertise is required.