1) *Source: Generali Investments Holding S.p.A. Data as at end-Q4 2025, figures shown gross of double counting. Net AUM amounts to €661.0 bn. 2) Generali Investments is part of the Generali Group, which was established in 1831 in Trieste as Assicurazioni Austro-Italiche. Generali Asset Management S.p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Infranity SAS, Sosteneo S.p.A. Società di gestione del risparmio, Sycomore Asset Management, Aperture Investors LLC (including Aperture Investors UK Ltd), Lumyna Investments Limited, Plenisfer Investments S.p.A. Società di gestione del risparmio, MGG Investment Group LP, Conning* and among its subsidiaries (Global Evolution 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). are part of Generali Investments, as well as Generali Investments CEE. Kindly note Generali Investments Luxembourg S.A. is the Management Company of the majority of the funds whose AUM is represented on the page.
* Includes Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Conning Investment Products, Inc., Goodwin Capital Advisers, Inc. (collectively, ‘Conning’).
With about €736.1 billion in assets under management (as at 31 December 2025, gross of double countings) and over 2.200 investment professionals, Generali Investments is the holding company that gathers the main asset management firms, delivering a portfolio of specialist capabilities across various countries. Affiliates include: Generali Investments Holding S.p.A. is the holding company that gathers the following specialist affiliates: Generali Asset Management S.p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Infranity SAS, Sosteneo S.p.A. Società di gestione del risparmio, Sycomore Asset Management, Aperture Investors LLC (including Aperture Investors UK Ltd), Lumyna Investments Limited, Plenisfer Investments S.p.A. Società di gestione del risparmio, MGG Investment Group LP, Conning and its subsidiaries (Global Evolution Asset Management A/S, Octagon Credit Investors, LLC, Pearlmark Real Estate, LLC and PREP Investment Advisers LLC), as well as Generali Investments CEE. Generali Investments Luxembourg S.A. is the Management Company of the majority of the funds whose AUM is represented on the page.
3) The company full legal name is Generali Asset Management S.p.A. Società di gestione del risparmio.
4) The company full legal name is Generali Investments Holding S.p.A.
5) Source: Generali Group, data as at end of Q4 2025 (link to source).
6) Source: internal calculation based on the IPE ranking published in June 2025.
7) Please note that the countries refer to the countries where the different funds of the asset management companies part of Generali Investments are registered for distribution. Please note that not all funds are registered in all the countries and not all the asset management companies are licensed to operate in such countries.
