Intern - Development Finance Investment Team

We are currently looking for an Intern to join the Development Finance Investment Team within Private Markets! The position will commence in December 2026 and is a 5-month internship.   About the Job   The Development Finance team focuses on investing in opportunities that generate both financial returns and positive impact. Working across private credit, blended finance, and emerging markets, the team evaluates investment opportunities, conducts due diligence, supports fundraising initiatives, and collaborates with a wide range of internal stakeholders throughout the investment process.   As an Intern, you will gain exposure to investment analysis, transaction execution, market research, and impact investing while working alongside experienced investment professionals.   What you do  
- Support the screening of new investment opportunities, including structuring, preliminary impact, risk and pricing analysis, and drafting screening memoranda with support from team members
- Support the initial screening of opportunities, including presentation preparation and the drafting of screening papers for Investment Committee (IC) review
- Undertake financial modelling and transaction due diligence as part of a deal team
- Review and analyse financial, legal, commercial, ESG, impact and technical reports
- Source and analyse independent market and industry research
- Prepare investment proposals and support presentations to the Investment Committee
- Collaborate with internal teams including Operations, Compliance, Risk, Legal and Asset Management throughout the investment process
- Maintain the master database and deal pipeline to track sourcing opportunities
- Monitor key developments across impact private credit investing, blended finance and emerging markets
- Support the preparation of marketing materials for ongoing fundraising activities across strategies
- Prepare materials that educate internal and external stakeholders on key market and industry developments.

What you bring  
- Preferably, but not exclusively, studying or recently completed a degree in Business, Economics, Finance, Science, Maths or a related discipline
- Expected to achieve or have achieved a 2:1 degree classification (or equivalent)
- Achieved a minimum of 128 UCAS points (or equivalent qualification standards)
- Previous internship or work experience in Development Finance, Private Equity, Private Credit, M&A, Structured Finance, Leveraged Finance, Debt Advisory, Transaction Services or Strategy Consulting
- Knowledge of financial modelling
- Understanding of financial statement analysis and valuation methodologies
- Strong competency in Excel, Word and PowerPoint
- Curious and motivated to conduct detailed independent research across industries and sectors
- Demonstrates integrity and a strong commitment to ethical decision-making
- Passionate about sustainability and investing for positive impact
- Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.

What we offer  
- Balanced work environment: A dynamic office culture that supports flexibility and collaboration
- Mental health and wellbeing programs (EGYM Wellpass)
- Mobility solutions (Subvention Jobticket, Deutschlandticket etc.)
- Canteen subsidy
- Corporate benefits
- … 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 shared goal to shape a future of opportunity for our clients is foundational to our culture and our values. We look to attract, and actively nurture, individuals with the drive to achieve excellence at every stage of the investment experience.   We believe an inclusive culture is key to a flourishing workforce. Not only do we celebrate the broad range of experiences, backgrounds, and attributes that our workforce brings, but we support our people to live and work in a way that promotes their own wellbeing.   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.   We are united by a shared commitment: to put our clients first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.   Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our clients and for 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 for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.   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 [email protected].   Join us. Let’s care for tomorrow.   How to Apply: Applying is quick and easy. Simply upload your CV, complete your personal details, confirm your consent for AI support in the “Additional Information” section, and submit your application.   To support our recruiters, we use Fit Score—an AI powered tool that highlights how closely your profile aligns with the role. This helps us review applications more efficiently and focus on what matters most: your skills and experience.   Good to know: The Fit Score is a support tool only. At Allianz, technology never replaces human judgment. Every application is carefully reviewed by our recruiting teams, ensuring a fair, thoughtful, and personal hiring process.  
108694 | Asset & Investment Management | Student | n.a. | Allianz Global Investors | Full-Time | Temporary