Generali Global Infrastructure – a joint venture with infrastructure financiers Philippe Benaroya, Alban de La Selle and Gilles Lengaigne – has initial capital of €1bn to develop infrastructure debt investment strategies for internal and external clients.
Generali said it anticipated external institutional investor assets under management to hit €2.5bn within the first five years and then to double in the subsequent five-year period.
Generali Global Infrastructure will invest in infrastructure debt across a wide geographical and sectorial investment scope and develop a range of products and solutions for investors.
About $177bn was invested in infrastructure in Europe invested in Europe alone in 2017. Estimated infrastructure investment across the globe is projected at almost $49trn by 2030, according to Generali.
Timothy Ryan, CEO of Generali Asset Management, said: “This is an important step in our journey to enhance Generali’s asset management business and shows that we are fully committed to the potential of our business plan that targets an additional contribution to the Group’s net profit of approximately €150m by 2020.”