Generali
Generali Adriatic Value Fund is the first Slovenian regulated real estate AIF licensed by AIFM. Generali Adriatic Value Fund has already committed capital from Institutional regional investors.
About the fund
The Fund’s objective is to achieve income and capital growth through investments in commercial real estate, including office, retail, logistics and hospitality in Slovenia, Croatia and Serbia.
The Fund’s investment strategy is to identify real estate with an adequate intrinsic value, stable income and growth potential, and to invest in it in the long run.
| Target Fund Size: | EUR 100m |
| Target Return: | 13% gross IRR |
| Fund term: | Two-year investment period followed by five-year term |
| Leverage: | Target 55% at the portfolio level, maximum 60% |
| Sector focus: | more than 50% office |
| Geographic Focus: | Slovenia and Croatia more than 80% Serbia less than 20% |
| Sponsor capital: | EUR 13m |
Who we are
We are the oldest asset management company in Slovenia and one of the leading in the region of South-East Europe.
Generali Investments (previously KD Funds) – Management Company, the manager of the Generali Adriatic Value Fund, became a member of the Generali Group in February. Since pioneering by establishing the first Slovenian mutual fund, Galileo (now Generali Galileo), in 1992 and the first Croatian mutual fund, KD Victoria (now Generali Victoria), in 1999, we have always been distinguished by tradition, excellence in asset management, and the trust placed in us by investors and experts alike.
In recent years, we have received numerous awards both in Slovenia and abroad for our superb management performance. In the nine years’ history of the awards presented by the magazine Moje finance, a KD Funds (now Generali Investments) manager has been selected as the top fund manager of the year six times. At the beginning of 2109, the independent international rating agency Morningstar ranked KD Funds (now Generali Investments) among the top 9% of the world’s best management companies.
Active approach to management
Our analysts don’t invest purely in line with the benchmark, but travel regularly to meet the management teams of investee companies and often make active calls
Local presence throughout SEE
With offices in Ljubljana, Zagreb and Skopje, Generali Investments offers a true local presence together with knowledge and analyst capabilities in a diverse region
Local experience is the key to managing assets in economies where corporate governance and reporting standards are still relatively low
Team
Matevž Menčak
Head of Real Estate Funds
matevz.mencak@generali-investments.siMatevž Menčak has a Master of Science in International Business Management. He did a part of his studies at Baden-Wuerttemberg Cooperative State University in Mosbach, Germany.
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