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Amundi adds firepower to private debt platform

The firm unveiled big ambitions for its activities in the alternatives space last year.

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Asset management giant Amundi has added to its private debt offering with a new real estate  lending arm as well as strengthening its existing leveraged loans activity.

The firm moved its private debt platform into its Real and Alternative Assets division one year ago, with the aim to be a world leader in the asset class by doubling its overall alternatives assets under management (AUM) by 2020 from €34bn. 

Amundi's new private real estate debt operation is led by Bertrand Carrez who joined the group in September. Following the closing of the third vintage of its senior corporate debt fund, this division intends to develop a broad range of private debt solutions for clients. The overall private debt platform is led by Thierry Vallière and has €5.5bn of AUM at the end of September 2017. 

Pedro-Antonio Arias, Director of Real and Alternative Assets, said: "With the addition of this new real estate debt management expertise, the real and alternative asset platform now offers a complete range of real estate solutions to its clients".

This follows the development in Amundi’s leveraged loans management in Europe with the arrival in late June of Thierry de Vergnes as Head of Acquisition Debt Funds.

The private debt division is intended  finance companies LBOs, investments, external growth and also real assets. Thierry Vallière, Director of Private Debt Activities at Amundi, said: "In a context of persistently low interest rates, Amundi offers attractive and diversified investment solutions to its clients who contribute to the financing of the real economy".

Amundi is Europe’s largest asset manager by assets under management, now managing €1.4trn of assets across six main investment hubs.

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