Private Credit Rush in Italy Draws Asset Manager Nextalia

Italian asset management firm Nextalia is launching a private credit strategy to tap into the country’s increasing demand for financing outside of traditional banking.

It will focus on corporate direct lending, real estate financing and fund finance, said Leonardo Adessi, chief investment officer of Nextalia’s credit division, in an interview with Bloomberg News. The new fund is targeting up to €250 million ($296 million) at its close, Adessi added.

It’s the latest move into the business of making private loans to Italian firms, which is drawing more players as banks have taken a step back from riskier lending. Credit ...