Expertise
Direct Private Debt
Our goal
We aim to help investors achieve their financial goals while supporting the real economy, leveraging decades of experience managing private asset portfolios for Generali Group,
A strong heritage
Generali Group has long invested in private assets to enhance diversification, generate attractive risk-adjusted returns, and drive sustainable economic growth. Today, our private asset strategies give external clients the opportunity to invest alongside Generali, a cornerstone investor for many of these strategies.
Direct & indirect private asset strategies
Direct investments – Our corporate lending strategy follows a buy-and-hold approach, financing European SMEs through senior, unitranche, and mezzanine debt.
Indirect investments – We provide access to top-tier global private debt managers, offering diversified exposure through a single, streamlined portfolio.
Sustainable multi-strategy solutions
We also offer multi-strategy private asset investments with two tailored return profiles:
Growth-focused strategies targeting SMEs, healthcare, digital innovation, and the green energy transition.
Income-focused strategies designed to deliver stable returns while supporting sustainable economic initiatives.
Professionals: 9
Offices: Milan, Paris, Frankfurt

Sandrine Richard
Head of Direct Private Debt
Industry experience: 26 years
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 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
Insights and news
Source: Generali Asset Management S.p.A. Società di gestione del risparmio (“Generali AM”) as of end Q4 2024. 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.