Azimut Group’s Post

April underscores yet another month of strong net inflows for the Azimut Group, highlighting the quality of investment solutions and the strength of a diversified business model. Last month, the Group recorded €595 million in net inflows, reaching €2.1 billion since the beginning of the year. The total assets under management reached €92.8 billion at the end of April. Given these results and recent corporate developments, the outlooks for the Group's ability to achieve and exceed the targets set for the entire 2024 (over €7 billion in net inflows and €500 million in net profit) are positive. ➡️ Read more in the press release: https://lnkd.in/dGBv76Mv

Our global distribution networks gathered 10 billion euros in 1H 2024, exceeding our FY 2024 target and marking this first semester as the strongest start in the history of Azimut.   The Azimut Group recorded total net inflows of 1 billion euros in June 2024, with 863 million euros directed into managed solutions. The main drivers of this strong growth include our sales network and partnerships in Italy, the already announced first closing of our senior private debt fund for institutional investors, Azimut Diversified Corporate Credit ESG-8 SCSp RAIF, and sustained demand for our credit products in Brazil.   This brings total net inflows since the beginning of the year to 10.0 billion euros. Total Assets under Management stood at 63.1 billion euros and including assets under administration reached 102.5 billion euros at the end of June.   Read the press release: https://lnkd.in/dGBv76Mv

November’s inflows mark another step in Azimut’s growth journey, demonstrating the continuous strength of its diversified business model and international expansion strategy. 3.1 billion euros net inflows in November bring total net inflows since the beginning of the year to 17.4 billion euros, exceeding the revised target of 14 billion euros for the full year. Total Assets reached a new record of  € 113.9 billion. Read more: https://lnkd.in/dGBv76Mv

The FTSE EPRA Nareit Index in October. Two of the top 10 performers were Israeli companies. FTSE Russell, An LSEG Business EPRA (European Public Real Estate Association) Nareit Amot Investments Azrieli Group

We are very pleased to announce, that we have entered into a binding agreement for the sale our portfolio in Egypt, Italy and Croatia to Carlyle for an enterprise value of up to $945 million. This offer represents 3x+ return since the assets were acquired in 2020. At closing, a special dividend of up to $200m is intended to be declared. The divestment enables Energean to focus on its core #gas-weighted assets in Israel and Morocco, to maximise free cash flow generation and returns to shareholders.  Energean will now evaluate opportunities beyond the Mediterranean in the wider EMEA region, particularly where there is long-term demand and policy support for gas, both in terms of #energysecurity & #sustainabledevelopment. As CEO Mathios Rigas comments “This deal represents an exciting new chapter for Energean. Today we have realised a significant return on the investment made when we acquired this portfolio over four years ago. The transaction delivers on our strategy and Energean’s ability to maximise value for our shareholders. It maintains our highly disciplined approach to capital allocation, as demonstrated by the accretive transaction metrics, coupled with an anticipated special dividend." “Looking ahead, this transaction unlocks management capacity and financial flexibility to drive future growth. Our focus will now be to create enhanced value from our Israel assets, and evaluate new opportunities that fit Energean’s key business drivers: paying a reliable dividend, deleveraging, growth, and our commitment to Net Zero. “Carlyle is the right custodian of the asset base and will create an excellent home for our colleagues. We wish them every success and look forward to watching their progress. I want to thank all of our colleagues based in Egypt, Italy and Croatia for their hard work and dedication over the years.” Panos Benos Angelos Mastrantonis Paddy Blewer Eliana Fishler Sotiris Chiotakis Caroline Hegazi, MBA Antonino Caliri Kyrah Mckenzie Maria Martin https://lnkd.in/e3QkX8AR

BTG Pactual, Latin America's largest independent investment bank, has made a big push into Europe in recent years. It now manages nearly 6 billion euros, has offices in Lisbon, London and Madrid while building a bank in Luxembourg. And with rules changing for wealthy individuals in the UK, it's eyeing a potential office in Italy to cater to clients. The less publicized part of its Europe push has been real estate investments in Portugal. Some 320 million euros have been spent acquiring hotels and shopping malls in the country with plans to triple the portfolio in coming years. A first deal in Spain is being analyzed in logistics. cristiane lucchesi and I spoke with head of real estate Michel Wurman, head of wealth management Europe Ricardo Borgerth and Rui Mourinha Ruivo who oversees WM in Portugal about the strategy. “We want to position ourselves as the Latin American bank in Europe,” Borgerth said. “But we also have the ambition of serving more and more European clients.” https://lnkd.in/dDirYJsQ

Alpaca and Saudi’s Derayah Financial Announce Partnership and Strategic Investment to Accelerate Alpaca’s Middle East Business and Saudi Stocks Offering Globally

Jeffrey Lau, Primavera’s Partner and Head of Private Credit and Special Situations, yesterday participated in an engaging panel discussion on the opportunities of private credit across the US, Europe, and Asia at the AVCJ Private Equity Forum Japan 2024 by Asian Venture Capital Journal (AVCJ). As private credit continues to gain popularity as a funding alternative, Jefferey believes it is increasingly compelling, offering higher base rates and equity-like returns with limited downside risk and strong protection. Noting that Asian markets currently represent only 3 to 5% of the global private credit market, Jeffrey expressed optimism about the region's growth potential. Trends prevalent in the US and Europe are translating well into Asian markets, creating significant opportunities. He pointed out that the market substitution for bank debt and the capital needs for company growth are both driving ample demand for bespoke private credit solutions in Asia. Jeffrey pointed out that the less crowded Asian private credit market, combined with the intensive underwriting and structuring processes, allows for the potential to achieve enhanced returns. “Asia presents an intriguing opportunity for sophisticated portfolio managers seeking diversification and yield enhancement,” he noted. #PrivateCredit #AVCJJapan2024 #AVCJ #Investment #AsiaMarkets

Our CEO, Bundeep Singh Rangar, recently shared insights with Finance Middle East on the strategic investments of leading sovereign wealth funds in private real estate and stable assets. Discover how ADIA, QIA, KIA, and PIF are shaping the future of real estate investment in an evolving global economy: https://lnkd.in/gyQv8fU7 #Fineqia #RealEstate #BlockchainInnovation #GlobalEconomy #LeadershipInsights

NIRI has completed an update of its comprehensive resource for IR professionals, Investor Relations Body of Knowledge. The new second edition includes expanded capital markets content and a new chapter on ESG.  Learn more: https://lnkd.in/gPZhAnbY #NIRI #IRchat