Amundi Alpha Associates: the commitment to defensive direct lending and mid-market as the core value in private markets
Petra Salesny advocates an “all-weather” strategy in private debt, with a focus on mid-market buyouts and disciplined manager selection.
RankiaPro
By RankiaPro europe
“We were pioneers in launching a European multi-manager strategy for senior secured corporate direct lending (first lien) in 2015, and today we have the longest track record in this strategy, as well as a platform that brings together a wide range of leading managers, including strategies launched exclusively for our clients and on preferential terms.
Summary
Two years after the acquisition of Alpha Associates by Amundi, the firm has strengthened its position as one of the leading multi-manager platforms for private markets in Europe, combining two decades of experience in private equity, infrastructure and private debt with the global distribution capacity of the French group.
Petra Salesny, Managing Partner of Amundi Alpha Associates, explains in this interview why senior secured direct lending continues to offer the most attractive risk-return ratio, which market segments are beginning to show signs of complacency, and how discipline in underwriting, diversification, and access to top managers remain the pillars for generating alpha in a more competitive and mature environment.