Investment Capabilities

Private Debt

Direct and indirect private debt funds to help investors achieve their investment goals while supporting the real economy.

Generali Asset Management*

Strong sourcing capabilities and co-investment synergies


Total commitment2


Professionals: 85+


Offices (Private Debt investment team): Milan, Trieste, Paris


Private debt capabilities sit within Generali Asset Management. With a long track record of managing private debt portfolios for Generali Group, their private debt strategies aim to help investors achieve their investment goals while contributing to the real economy.

We are at the threshold of a new era for investment opportunities in private debt. Current unfavourable macroeconomic conditions, the continued deterioration of the banking sector, and the trend towards increased regulation should continue to favour private debt as an attractive credit source of choice, especially for SMEs that may suffer the most from these circumstances.

Investing in the real economy in Europe

Generali Asset Management offers long-term direct and indirect private debt strategies. For example, their direct corporate lending strategy takes a buy and hold approach to support the expansion of European SMEs willing to improve their ESG profiles. Meanwhile, their fund-of-funds range targets best-in class private debt global asset managers and diversified strategies.

Sustainability is integral to the private debt offering at Generali Asset Management, and ESG is embedded throughout the investment lifecycle. In particular, they are committed to supporting the real economy and private SMEs in Europe. SMEs are the backbone of the European economy, representing 99% of all businesses and accounting for more than half of Europe’s GDP.

The fast-growing investment team includes experienced corporate finance professionals supported by talented young resources, and benefits from strong sourcing and due diligence capabilities, and Generali Group’s long-term relationships with external firms. The team are defined by our solutions-driven culture within a robust and established global firm that has a strong reputation as a long-term financing partner.

Watch the team interview:

The Strategies

  • Direct corporate private debt

  • Direct lending

  • Asset based lending

  • Special situations

  • EU recovery

  • ESG

  • Fund-of-funds

Featured Insights

*Full name: Generali Asset Management S.p.A. Società di gestione del risparmio

Source: Generali Asset Management S.p.A. Società di gestione del risparmio, data as of Q1 2024, referring to both capital invested and committed. Kindly note that on 1 January 2024, Generali Investments Partners S.p.A. Società di gestione del risparmio has been merged by incorporation into Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, changing its name to Generali AM. The figures thus refer to the sum of the AuM of the two entities at the reference date. 2The Private Debt total commitment is also including the contract service Private Debt.


© Generali Investments, all rights reserved. This website is provided by Generali Investments Holding S.p.A. as the holding company of the main asset management companies of the Generali Group having, directly or indirectly, the majority shareholding in the companies listed below (hereinafter jointly, “Generali Investments”). This website may contain information related to the activity of the following companies: Generali Asset Management S.p.A. Società di gestione del risparmio, Infranity, Sycomore Asset Management, Aperture Investors LLC (including Aperture Investors UK Ltd), Plenisfer Investments S.p.A. Società di gestione del risparmio, Lumyna Investments Limited, Sosteneo S.p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Conning* and among its subsidiaries Global Evolution Asset Management A/S - including Global Evolution USA, LLC and Global Evolution Fund Management Singapore Pte. Ltd - Octagon Credit Investors, LLC, Pearlmark Real Estate, LLC as well as Generali Investments CEE. *Includes Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Conning Investment Products, Inc., Goodwin Capital Advisers, Inc. (collectively, “Conning”).