Expertise

Direct Private Debt

Strong sourcing capabilities

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“SMEs account for more than half of Europe’s GDP. This breadth of opportunity allows us to be selective as private debt investors while still providing diversification.”

Sandrine Richard,

Head of Direct Private Debt

Industry experience: 25 years

We are at the threshold of a new era for investment opportunities in private debt. Current unfavourable macroeconomic conditions, the continued withdrawal 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.

That’s why we offer a direct lending strategy that invests in the debt of European SMEs willing to improve their ESG profiles. The SME segment in Italy, France, Spain, and Germany comprises over 12 million companies, allowing for both diversification and selectivity. The strategy favours senior secured and unitranche debt in particular, and aims to provide stable income, regardless of the market environment.

The senior investment team’s sourcing capabilities are distinguished by their diverse experience across banking, private debt and equity, and their local, on-the-ground expertise, with Italian, French, German and Spanish nationalities.

The strategy also benefits from the well-established brand and considerable history of Generali’s indirect private debt and private equity networks. This enables the team to engage with banks, private equity firms, and debt advisories in a comprehensive manner, facilitating a robust approach to identifying and securing direct private debt opportunities.

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Assets under Management

Professionals: 8

Offices: Milan, Paris, Frankfurt

Source: Generali Asset Management S.p.A. Società di gestione del risparmio (“Generali AM”) as of end Q3 2023. 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.

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