Expertise
Direct Private Debt
Professionals: 9
Offices: Milan, Paris, Frankfurt
Our offering
We manage a direct lending strategy that invests in the senior secured floating private debt of sustainable European medium-sized enterprises (“SMEs”) that are seeking to improve their ESG profile.
Our approach
The long-term investment strategy we manage prioritises stable income and capital preservation. We favour senior secured unitranche debt, aiming to deliver steady income throughout all market conditions.
Europe offers both diversification and selectivity
With over 12 million SMEs across Italy, France, Spain, and Germany, this segment presents significant opportunities for both diversification and selectivity due to each country’s highly differentiated economies. In addition, challenging macroeconomic conditions, the ongoing downsizing of the banking sector, and increasing regulations continue to position private debt as a preferred financing source—particularly for small and SMEs, which are most impacted by these shifts.
A strong network for private debt opportunities
Our senior investment team brings extensive expertise across banking, private debt, and private equity, leveraging local market knowledge from Italian, French, German, and Spanish professionals. Meanwhile, Generali Group’s strong brand recognition and long-established indirect networks in private debt and private equity provide us an additional edge. By working closely with banks, private equity firms, and debt advisors, we ensure a rigorous, well-connected approach to identifying and capitalizing on direct private debt opportunities.
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 Q2 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.
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.
