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European Direct Lending

Home / Capabilities / Private Markets / Direct Lending

Obiettivo: Garantire rendimenti attraverso accordi di finanziamento di lungo termine

"La strategia European Direct Lending mira a offrire ai nostri investitori una sovraperformance costante attraverso prestiti ad aziende in crescita e interessanti, con l’obiettivo di preservare il capitale e ottenere rendimenti."

Patrick Marshall, Head of Private Debt e CLOs

Perché investire nella strategia European Direct Lending di Hermes?

  • Attenzione posta sulla qualità: accesso ai rendimenti stabili e a bassa correlazione offerti dai senior secured loans concessi ad aziende europee e britanniche di fascia media.
  • Concentrazione sulle PMI europee: flessibilità di investimento in tutta Europa.
  • Solida origination: gli accordi di origination con le banche europee, insieme ai contatti che il team dispone nel mercato dei prestiti, forniscono un flusso costante di opportunità di investimento di alta qualità.
  • Esperienza lungo l’intero ciclo: il team vanta 76 anni di esperienza negli investimenti, durante i quali ha operato con successo strutturazioni, sottoscrizioni, monitoraggi e ristrutturazioni di prestiti.
  • Protezione dal tasso di inflazione: i pagamenti delle cedole dei senior secured bonds si muovono in sincronia con i tassi di interesse, preservando il valore nei periodi di inflazione e fornendo un rendimento di base quando i tassi sono bassi.
  • Opportunità durature: le banche continuano a prendere le distanze dal mercato dei prestiti alle imprese, permettendo ai direct lender di collaborare con aziende di fascia media - un cambiamento sostenuto dai governi europei.

Il ciclo del Direct Lending di Hermes:

Direct-Lending-infographic-Italian

Video sull’European Direct Lending

Mark Miller, Head of Institutional, e Patrick Marshall, Head of Private Debt e CLOs discutono della strategia European Direct Lending di Hermes.

Podcast sull’European Direct Lending

Mark Miller, Head of Institutional, e Patrick Marshall, Head of Private Debt e CLOs discutono della strategia European Direct Lending di Hermes.

Ultimi video

Informazioni sulla strategia

Obiettivo di rendimento
EURIBOR più il 5-6% lordo annualizzato
Universo
Senior loans ad aziende europee di fascia media

− Loans europei: 65%-100%

− Loans UK: 0%-35%

Strumenti idonei
Senior secured loans: 75%-100% del portafoglio
Loans unitranche: 0%-25% del portafoglio
Obiettivo di indebitamento
Rapporto di indebitamento inferiore a 5,5x per i senior secured loans/ 6,5x per i loans unitranche
Commissioni
Commissioni di gestione: 75 pb

Commissioni di performance: 10% dei rendimenti superiori all’EURIBOR + 3,5%

Valuta base
Euro, con copertura limitata sull’esposizione in valuta estera