Global law firm Ashurst advised Generali Investments Partners S.p.A. Società di gestione del risparmio in relation to an aggregate €330 million commitment in Hayfin Generali Direct Lending Feeder Fund S.C.A. SICAV-RAIF, through two alternative investment funds, “GIP Private Debt Fund-of-funds ITA” and “GIP Private Debt Fund-of-Funds Lux”.
The transaction has resulted in the creation of new investment funds, which have been set up in the context of an overarching partnership between Generali and Hayfin, aimed at investing in direct lending operations across Europe.
Ashurst worked alongside the legal department of the Group Asset & Wealth Management of Generali Investments Partners S.p.A., led by General Counsel Pierluigi Martino, and the legal Investments function, led by Andrea Pizzioli, supported by Legal Advisor Valeria Giuliani, Miriam Triggiani and Federico Di Giovanni.
The Ashurst team was led by partners Michele Milanese and Antonios Nezeritis, supported by tax director Chiara Bardini for the tax aspects as well as by counsel Arnaud Julien and associate Thécla Madonna for the fund formation aspects.