Private Debt

  

 

Corporate financing in Europe is estimated to €100 billion. Faced with this need, investors are looking for alternatives to bonds, on which yields are persistently low. This has led to a boom in the private debt asset class over the last five years.

The credit continuum of Europe's first Fixed Income platform

€6.7Bn

in assets under management1 

120+

deals completed 

2012

launch of the first fund

 

 

Amundi Private Debt is a leading player in senior corporate private debt financing in the Eurozone mid-market segment. Our funds give investors the opportunity to contribute to the senior financing of unlisted mid-sized companies and thus to get exposure to diversifying assets that offer more attractive yields than those of the traditional bond market. At the same time, our products enable unlisted mid-sized companies to expand their sources of financing beyond bank loans, over the long term (generally seven years), and with repayment at maturity.

Thanks to our many partnerships with leading European investment banks and our considerable fund-raising ability, we enjoy first-hand access to unlisted mid-sized companies in the Eurozone, and we are involved in virtually all private issuances which are eligible to our funds. Since its launch in 2012, Amundi Private Debt has accordingly raised and invested close to €7 billion through three generations of funds and 125 transactions in the Eurozone, with a focus in France. In 2018, around 15 transactions were carried out.

The team, made up of highly experienced corporate finance professionals, follows a very selective investment process (6% hit ratio) based on an in-depth analysis of the company’s credit quality, the deal structure and the contractual documentation. This rigorous investment process also incorporates ESG criteria. We finance various business projects (investment, external growth, refinancing, etc.) and then support the issuer over the entire lending period, adjusting the documentation where necessary.

 

 

Our offer is aimed at European professional investors seeking to diversify their sources of return through closed ended funds and dedicated accounts. Our securitization funds (FCTs) enjoy FPE status.

Over the last two years, Amundi's range of private debt solutions has expanded from its core expertise of senior corporate debt to include new areas of private lending:

  • Launch in 2017 of innovative private debt financings for real assets in the Italian agrifood sector, mainly backed by ham and Parmesan assets.
  • Launch in 2018 of a leveraged loans investment program focusing on syndicated loans issued for large senior secured LBOs in Europe.
  • Launch in 2018 of a commercial real estate loans investment program offering a diversified exposure to the Eurozone senior real estate debt market. The loans are mainly backed by core+ underlying real estate assets. This programs benefits from a particularly favourable Solvency 2 treatment.

 

Discover our assets

1. All data are as of December 31, 2018.

This information is exclusively intended for “Professional” investors within the meaning of the MiFID Directive 2004/39/EC of 21 April 2004, and articles 314-4 and following of the General Regulations of the AMF. It is not intended for the general public or for non-professional individual investors within the meaning of all local regulations, or for “US Persons”, as defined in the Securities and Exchange Commission’s “Regulation S” under the 1933 U.S. Securities Act.

This non-contractual information does not under any circumstances constitute an offer to buy, a solicitation to sell, or advice to invest in financial instruments of Amundi or one of its affiliates (“Amundi”).

Investing involves risks. The performance of the strategies is not guaranteed. In addition, past performance is not in any way a guarantee or a reliable indicator of current or future performance. Investors may lose all or part of the capital originally invested.

Potential investors are encouraged to consult a professional adviser in order to determine whether such an investment is suitable for their profile and must not base their investment decisions solely on the information contained in this document. 

Amundi assumes no liability, either direct or indirect, resulting from the use of any of the information contained in this document, and shall not under any circumstances be held liable for any decisions taken on the basis of this information. This information may not be copied, reproduced, modified, translated or distributed, without the prior written approval of Amundi, for any third person or entity in any country or jurisdiction which would subject Amundi or any of its products to any registration requirements within these jurisdictions or where this might be considered unlawful. 

This information is provided to you based on sources that Amundi considers to be reliable, and it may be modified without prior warning.