Generali Investments

What Generali Investments does

Generali Investments d.o.o. is a Slovenian asset management company founded in 1992 as the first Slovenian mutual fund manager (Generali Galileo) and operating today as a wholly-owned subsidiary of Assicurazioni Generali S.p.A. The company runs the Generali Krovni sklad (Generali Umbrella Fund), a regulated structure comprising 16 subfunds spanning equity (global, US, Europe, emerging markets, India–China, Latin America, South Eastern Europe, technology, vitality/demographic themes), bond, money market, and mixed flexible strategies, plus alternative funds such as Generali Adriatic Value Fund II. Headquartered in Ljubljana with 101–250 employees, it serves two principal segments: Slovenian retail investors (monthly savings plans from €30 and single-ticket mutual fund investments via a network of financial advisers, a mobile application, and an online branch) and professional/HNW investors via discretionary mandates with a €1,000,000 minimum portfolio value.

The company monetizes AUM primarily through recurring management fees (0.20% on money market Generali MM; 2.00% on equity/mixed funds such as Generali Galileo), one-time entry charges (0–3% by fund), and limited exit charges (up to 2.5% on savings packages exited before 5 years). Customer acquisition is sales-led, combining a national adviser network with digital self-service channels and educational marketing (weekly investor newsletter, webinars, social media). Generali Investments has executed several inorganic moves within Slovenia, including the 2016 takeover of nine Ilirika subfunds and the 2013 consolidation of legacy KD subfunds into the Generali range, and is now extending internationally via new sales hires in France and Switzerland and participation in Italy's FNSI fund-of-funds and Infranity's infrastructure strategies.

The technology stack, as disclosed, is limited to standard digital distribution: a mobile application, an online branch with secure identification, and adviser-facing tools — no proprietary AI, data, or platform technology is referenced. Governance and product oversight operate under EU UCITS regulation, with the company reporting into the broader Generali Group's €28.2bn (Q1 2026) insurance and €324M (Q1 2026, +15.5% YoY) Asset & Wealth Management segment.

Name

Generali Investments

Legal name

Generali Investments d.o.o.

Website

https://generali-investments.si

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

Generali Investments d.o.o. is Slovenia's first mutual fund manager (since 1992), operating 16 subfunds under the Generali Umbrella Fund for Slovenian retail investors via advisers and digital channels, plus €1M+ discretionary mandates for professional clients, as a subsidiary of Assicurazioni Generali.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

akta.pro secondary industries

Discretionary Portfolio Management (Retail) (FSAAAAAH), Execution-Only / Self-Directed Investing Platforms (FSAAAAAI), Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)

Keywords

• Mutual fund management
• Asset management services
• Wealth management
• Retail investment funds
• Discretionary portfolio management

Headquarters

HQ city

Ljubljana

HQ country

Slovenia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management fees: Annual management fees charged on assets under management across all subfunds of the Generali Umbrella Fund. Fees vary by fund, with standard management fee of 2.00% for equity and mixed funds (e.g., Generali Galileo), and 0.50% for money market funds (with a promotional rate of 0.20% from December 2023 onwards).
2. Entry charges (subscription fees): One-time fees charged upon initial investment in a fund. Maximum entry charges range from 0% (Generali MM money market fund) to 3% (equity and mixed funds such as Generali Galileo) of the invested amount, with lower entry charges for higher payment amounts.
3. Exit charges: Exit fees charged when investors withdraw from savings packages before 5 years from initial payment. Maximum exit charge is 2.5% of the withdrawal amount. Individual fund redemptions from core funds (Generali Galileo, Generali Bond, Generali MM, Generali Corporate Bonds) generally carry no exit fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Generali Investments d.o.o. is Slovenia's first asset management company (founded 1992) operating the Generali Krovni sklad (Generali Umbrella Fund) with 16 subfunds spanning equity, bond, money market, and mixed flexible strategies. It serves retail investors through mutual funds and pre-configured savings plans starting at €30/month, and serves professional investors through discretionary portfolio mandates with a €1,000,000 minimum. Distribution combines a national financial adviser network with digital channels including a mobile app and online branch.

Product overview

Generali Investments operates as an asset management company offering the Generali Krovni sklad (Umbrella Fund) with 16 distinct subfunds covering equity (global, regional, sector-specific), bond, money market, and mixed flexible strategies. The core offering includes retail-focused mutual funds like Generali Galileo (mixed flexible, first Slovenian fund from 1992), Generali MM (money market), and regional equity funds, alongside alternative investments through Generali Adriatic Value Fund II. For retail investors, the company provides savings plans (Moj izbor, Moje sanje, Popotnica za življenje, Situirana jesen) offering pre-configured fund combinations with monthly contributions starting at EUR 30. Professional investors access discretionary mandates with EUR 1M minimum. Digital access is enabled through mobile applications and online branch platforms.

Differentiator

Problem solved

Functional benefit

Brands

• Generali Krovni sklad (Generali Umbrella Fund): Main umbrella fund structure containing 16 subfunds offering various investment strategies
• Generali Galileo
• Generali MM
• Generali Globalni
• Generali Bond
• Generali Corporate Bonds
• Generali Amerika
• Generali Europa
• My Dreams
• Comfortable Autumn
• Nest Egg for Life
• My Selection
• Generali ZAME Benefits Program

Products and services

• Generali Krovni sklad (Generali Umbrella Fund) The main umbrella fund structure managed by Generali Investments, containing 16 subfunds covering equity, bond, money market, and mixed strategies for retail and professional investors. Allows tax-efficient switching between subfunds.
• Generali MM

Quantifiable outcome

• Generali Galileo (mixed flexible fund) achieved average annual return of 10.66% since inception in 1992, with 1-year return of 14.79%, 3-year return of 31.23%, and 5-year return of 31.58% as of June 2026.
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Cassa Depositi e Prestiti (CDP)minorStrategic or Co-development Partner · 6 February 2026Generali Investments signed a non-disclosure agreement with Italy's Ministry of Economy and Finance to participate in the Fondo Nazionale Strategico Indiretto (FNSI), a fund-of-funds structure managed by state-owned Cassa Depositi e Prestiti. The initiative aims to raise €700m in its initial phase, ultimately targeting €1bn-€1.5bn, to invest in Italian SMEs and help revitalize Italy's domestic IPO market. Other participants include Amundi and Allianz Global Investors.
• Italy's Ministry of Economy and FinanceminorStrategic or Co-development Partner · 6 February 2026Generali Investments joined Italy's Ministry of Economy and Finance initiative (FNSI - Fondo Nazionale Strategico Indiretto) as a fund-of-funds investor targeting Italian SMEs, in partnership with state-owned Cassa Depositi e Prestiti, Amundi, and Allianz Global Investors.
• BNP Paribas Securities ServicesminorStrategic or Co-development Partner · 14 January 2026BNP Paribas Securities Services announced its mandate with Infranity (part of Generali Investments) to support the launch of Infranity's Horizon Infrastructure Strategies fund in France. The fund targets infrastructure projects with growth potential and sustainability characteristics, backed by the Generali Group.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• NLB Skladi: Slovenia's other major domestic asset manager, owned by NLB bank, managing a similar mix of Slovenian retail mutual funds and institutional mandates. Directly comparable as a Slovenia-only fund manager competing for the same retail savings market.
• Triglav Skladi: Asset management arm of Zavarovalnica Triglav, Slovenia's largest domestic insurer, offering mutual funds to retail and institutional clients. Highly comparable as a Slovenia-based, insurance-affiliated asset manager with overlapping retail and institutional customer segments.

Broad incumbents

• Eurizon Capital: Italian asset manager within the Intesa Sanpaolo group; sibling Generali Group entity offering pan-European retail and institutional fund products. Comparable as a large European insurance-affiliated asset manager with multi-country distribution.
• Allianz Global Investors: Global asset manager within Allianz Group, co-participant with Generali in Italy's FNSI fund-of-funds. Comparable as a major insurance-affiliated asset manager competing for the same institutional mandates and pan-European retail flows.
• Amundi: Europe's largest asset manager by AUM and fellow FNSI participant. Comparable as a pan-European retail and institutional fund provider with similar passive and active product breadth competing in the same Slovenian/CEE distribution channels.
• Invesco: Global asset manager with strong UCITS presence and active equity, fixed income, and ETF products reaching Slovenian retail via cross-border distribution. Comparable as a direct competitor for retail investor wallet across multi-asset strategies.
• BlackRock (iShares): World's largest asset manager with the iShares ETF franchise directly competing for Slovenian retail flows that historically went to active mutual funds like Generali Galileo. Comparable as the dominant passive alternative threatening active fee economics.
• Schroders: UK-headquartered global asset manager with strong European institutional and retail fund presence, including in CEE. Comparable as an established pan-European active manager competing for institutional mandates and HNW discretionary business.

Regional players

• Generali Investments CEE: Sister Generali Group asset management entity operating in the Czech Republic with similar umbrella-fund structure and retail focus. Highly comparable as a same-brand, same-product-model peer operating in a neighboring CEE market.
• Union Investment: German cooperative bank-affiliated asset manager with broad European fund distribution. Comparable as a large, established European retail asset manager with bank-affiliated distribution that could enter Slovenia via cross-border UCITS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/generaliinvestments.si
• LinkedInlinkedin.com/company/generali-investments-slovenia
• Instagraminstagram.com/levji_delez

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Generali Investments