Direct Private Debt
Direct Private Debt
Strong sourcing capabilities
“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.
STRATEGY IN FOCUS
Diversified exposure to sustainable SMEs across continental Europe
A long-term investment strategy with stable income and capital preservation at its core
Diversified exposure to senior secured floating private debt supporting sustainable SMEs SMEs with an ESG focus across continental Europe
Secular market opportunity
Stable income with impact on the real economy
Backed by robust & extended inhouse infrastructure
Proven team and track record
Our Investments
Discover examples of companies we invest in
Insights and News
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.
1 Some of the funds within the Generali Asset Management ecosystem promote environmental and/or social criteria as per Article 8 or have sustainable investment as an objective as per Article 9 of the Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (“SFDR”). For the Funds that do not promote environmental and/or social criteria and do not have a sustainable investment as an objective, investments may in such case include issuers or sectors with a low ESG profile. Before making any investment decision, please read the Key Information Document (KID), the Prospectus / Issuing Document / Private Placement Memorandum, its SFDR Appendix and the SFDR website product disclosures to consider all characteristics, objectives, binding elements of the selection process and methodological limits.
