Eurizon, the asset management company of the Intesa Sanpaolo Group, presented Eurizon Capital Real Asset SGR, the NewCo specialising in alternative asset class investments focused on the real economy which has been in operation since 31 December 2019.
The project will develop a unique range of alternative private market investments aimed at satisfying our private and institutional customers need for higher returns while supporting the growth of the production system with investments that directly benefit companies.
The initiative, which implements of one of the objectives set out in Intesa Sanpaolo Group’s Business Plan 2018-2021, forms one of the pillars of growth of the Asset Management Division and reinforces Eurizon’s commitment to support the real economy in the wake of the successful launches of PIR and ELTIF funds. Eurizon is already involved in this kind of investments with its team of structured finance experts dedicated to the management of alternative assets and the creation of specialised ABS and Leveraged Loans products.
Given the initiatives already undertaken and the strategic nature of the “alternative products” market, the company has decided to continue in this direction, strengthening its coverage of illiquid investments. In order to make the most of its expertise in the alternative asset class market, the Asset Management Division and the Insurance Division of the Intesa Sanpaolo Group have set up Eurizon Capital Real Asset, a joint venture 51% owned by Eurizon Capital SGR and 49% by Intesa Sanpaolo Vita, which aims to be a unique centre of expertise in alternative private market investments. The new company began operating on 31 December 2019 with assets of 3.4 billion euro, received under delegated management from Intesa Sanpaolo Vita, and a team consisting of 10 professionals specialised in Private Equity, Private Debt, Infrastructure and Real Estate.