Gardant Investor SGR

Name

Gardant Investor SGR

Legal name

Gardant Investor SGR Società di Gestione del Risparmio S.p.A.

Website

https://gardantsgr.eu

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Middle-Market Lending (FSANADAI)

akta.pro secondary industries

Non-Performing Loan (NPL) / Loan Portfolio Acquisition Funds (FSANAKAG), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• Alternative investment management
• Distressed debt funds
• Non-performing loan investing
• Private debt lending
• Credit asset management

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Alternative Investment Fund Management: Management fees generated from managing closed-end reserved alternative investment funds (AIFs) focused on Italian distressed debt, special situations, and lending strategies. The company manages multiple fund vehicles including Italian Distressed Debt & Special Situations Fund, Forward Fund, Caesar Fund, Lounge Rises, and MiRo.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Gardant Investor SGR is an Italian asset management company (SGR) that manages closed-end reserved alternative investment funds (AIFs) focused on the Italian credit sector, including non-performing loans (NPLs), unlikely-to-pay (UTP) positions, special situations, direct lending to Italian SMEs, secured real estate financing, and infrastructure investments. Funds are subscribed exclusively by qualified institutional investors (asset managers, insurance companies, pension funds, sovereign wealth funds, family offices) and the company benefits from the origination, underwriting, management, and servicing capabilities of the broader doValue Group.

Product overview

Gardant Investor SGR is the asset management company of the doValue Group, specializing in alternative investment solutions for institutional investors focused on the Italian credit sector. The company manages a portfolio of six closed-end reserved AIFs: the Italian Distressed Debt & Special Situations Fund (NPL/UtP investing, launched October 2021), Italian Distressed Debt & Special Situations Fund 2 (expanded NPL/UTP plus fund shares, launched November 2024), the Forward Fund (multi-asset class, launched September 2021), the Caesar Fund (Italian real estate private debt, launched June 2024), the Lounge Rises Fund (NPL notes with government guarantees, launched December 2025), and the MiRo Fund (Italian private debt multi-compartment, with Compartment A launching March 2026). Alongside its fund offerings, Gardant Investor SGR provides an ESG Integration and Responsible Investment Framework across all managed funds, integrating sustainability factors into origination, evaluation, and monitoring phases of each investment lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Italian Distressed Debt & Special Situations Fund A closed-end reserved AIF that invests in the Italian market in non-performing loans, both secured and unsecured (NPL/UTP). The fund is targeted at institutional investors and represents Gardant Investor SGR's flagship distressed debt vehicle.
• Italian Distressed Debt & Special Situations Fund 2 A closed-end reserved AIF investing in the Italian market in (i) non-performing loans, both secured and unsecured (NPL/UTP) and (ii) shares of Italian investment funds that invest in securitization notes, guaranteed loans, and infrastructure investment funds. Operations started in November 2024.
• Forward Fund A reserved closed-end FIA that invests predominantly on the Italian market in different asset classes. Operations started in September 2021.
• Caesar Fund A reserved closed-end AIF credit fund providing secured real estate financing in Italy, focusing on financing to enterprises and real estate projects, including refinancing or debt restructuring for companies with solid fundamentals and underlying real estate assets. The fund launched with EUR 100 million raised from institutional investors.
• Lounge Rises Fund A reserved closed-end AIF contribution fund investing in notes backed by non-performing loan portfolios, primarily supported by guarantees granted by the Central Guarantee Fund (managed by Mediocredito Centrale – Banca del Mezzogiorno S.p.A.) and by SACE S.p.A. Operations started in December 2025.
• MiRo Fund A closed-end, multi-compartment reserved AIF private debt fund focused on the Italian market. Compartment A started operations in March 2026.

Quantifiable outcome

• EUR 640 million in cash collections recorded by special servicing division in 2020
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and major.

• BPER GroupcoreStrategic or Co-development Partner · 1 January 2025doValue expanded its strategic partnership with BPER Group. doValue, Italy's largest NPL servicer, reported strong 2025 results with net profit nearly quadrupling to EUR 25.3 million and reached its three-year plan's new business guidance target of EUR 24 billion ahead of schedule.
• InovalismajorChannel Partner/ Reseller/ Distributor · 8 December 2023EUR 15 million financing provided to Inovalis (pan-European real estate fund manager) for acquisition of office property in Milanofiori business park. This transaction represented Gardant supporting Inovalis's re-entry into the Italian market.
• Canadian Solar IncmajorStrategic or Co-development Partner · 31 January 2023Partnership for CSFS Fund I investment - Gardant acquired 30.01% of the photovoltaic real estate fund units. The fund invests in 7 solar plants in Sicily, Sardinia and Lazio (124.2 MWp total capacity). Canadian Solar acts as industrial partner maintaining 40% stake and responsible for plant construction and operation.
• Finint Investments SGRmajorStrategic or Co-development Partner · 31 January 2023Manager of the CSFS Fund I (photovoltaic real estate fund). Finint Investments SGR structured the innovative fund vehicle combining financial investor (Gardant) and industrial partner (Canadian Solar) with protective mechanisms for capital and return.
• Master Gardant S.p.A.coreOthers · 1 January 2021Master Gardant S.p.A. is a financial intermediary pursuant to Art. 106 TUB, market leader in products and services for securitisation vehicles (Law 130/99), with focus on supporting management of performing and UTP credits. Part of the Gardant/doValue Group structure.
• Special Gardant S.p.A.coreOthers · 1 January 2021Special Gardant S.p.A. is licensed pursuant to Art. 115 TULPS, dedicated to judicial and extrajudicial credit recovery, focusing on SMEs and corporates, specializing in real estate and leasing for both NPL and UTP positions. Part of the Gardant/doValue Group structure.
• BancoBPM GroupcoreStrategic or Co-development Partner · 1 January 2019Long-term strategic partnership through Gardant Liberty Servicing joint venture (70% Gardant, 30% BancoBPM). The JV specializes in debt collection pursuant to Art. 115 TULPS, operating since 2019 as the debt collection joint venture originating from the partnership with BancoBPM Group.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Regional players

• Kruk S.A. Polish-listed European credit management company that has expanded into Italian NPL purchases. While primarily consumer-focused, Kruk is a direct competitor in Italian distressed debt purchasing.
• Hoist Finance: Swedish-headquartered European NPL specialist with significant Italian exposure. Competes with Gardant Investor SGR in the cross-border distressed credit space and for Italian bank portfolio mandates.

Direct peers

• Credito Fondiario: Predecessor entity from which Gardant Investor SGR was spun off in 2021. Credito Fondiario is now a specialized credit and structured finance platform in Italy, operating in similar NPL/UTP and special situations strategies, sharing lineage and some leadership.
• Hayfin Capital Management: London-based alternative credit manager with pan-European direct lending and special situations funds. Competes with Gardant Investor SGR for European institutional capital allocating to private credit, including Italian SME and real estate debt.
• Pemberton Asset Management: European mid-market direct lending and private credit manager. Competes with Gardant Investor SGR's Caesar/MiRo strategies for institutional capital targeting European SME and private debt opportunities.
• Quaestio Capital SGR: Italian alternative asset manager that was historically a major NPL fund manager (Italg platform) and now manages multi-strategy credit and real estate funds for institutional LPs. Direct competitor for Italian institutional capital in alternative credit strategies.
• Prelios Group: Italian alternative asset manager and servicer specializing in NPL portfolios, real estate, and credit. Direct competitor in Italian distressed credit, with overlapping fund products (e.g., Iberian/Iberian NPL funds) and a similar servicer-investor hybrid model via Prelios Credit Servicing.

Broad incumbents

• AMCO - Asset Management Company: Italian state-backed asset management company that acquires and manages NPL/UTP from Italian banks. As a major buyer in the Italian NPL market, AMCO directly competes with Gardant Investor SGR for distressed credit opportunities.
• doValue S.p.A. Parent company and Italy's largest NPL servicer. doValue is Gardant Investor SGR's sole shareholder and provides origination, underwriting, servicing, and data infrastructure; the asset management arm is a vertically integrated extension of doValue's servicer business.
• Banca Ifis: Italian bank with a sizable NPL and specialty finance division (Ifis NPL Investing). It purchases and manages distressed portfolios and competes with Gardant Investor SGR for deal flow and Italian institutional fund mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gardant-investor-sgr

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Gardant Investor SGR