Generali’s direct private debt funds reach 540 million in assets under management
10 JAN, 2025
By Jose Luis Palmer from RankiaPro Europe
Generali AM, part of Generali Investments, has announced the successful closure of its first unitranche as a single lender through its Direct Private Debt (DPD) funds.
This unitranche was agreed to support the alliance of Leetchi and iRaiser Group, which operate under the new holding company, Donora, with 21 Invest as the new majority shareholder, on their way to becoming the European leader in digital solutions for generosity.
This financing highlights the search and structuring capabilities of Generali's pan-European DPD team, located in Italy, Germany and France, and underscores Generali's commitment to addressing the financing needs of mid-market companies with tailored private debt solutions.
11 direct investments in Europe until December 2024
The Direct Private Debt team has closed eleven investments since the launch of this strategy in March 2023, representing accumulated investments of approximately 200 million euros, with a net return target above 6%.
By combining independent financial and extra-financial analysis, the Direct Private Debt team ensures a meticulous and strategic approach throughout the entire investment life cycle.
Generali AM continues to position itself as a leader in private debt financing, leveraging the growing European direct lending landscape. The firm's focus on this class of alternative assets aligns with its broader investment strategy of capitalizing on illiquidity premiums and providing solid risk-adjusted returns for investors.
