BIELLA (ITALPRESS) – The Sella group has signed an agreement with StepStone Group, among the leading global managers of alternative investments, for the distribution in Italy of a new evergreen fund focused on European private credit. The StepStone Private Credit ELTIF (SCRED Europe) fund established according to the ELTIF 2.0 and operating regulations from the beginning of 2025, allows private investors to access the private debt market with a minimum subscription of 10 thousand euros.
The evergreen structure provides weekly subscription windows and the possibility of quarterly refund up to 5% of the net assets, thus offering greater operational flexibility and immediate access to an already invested portfolio. The new fund is part of the already established platform of evergreen solutions developed by StepStone. Sella Sgr plays the role of Global Distributor, through the networks of Banca Sella and Banca Patrimoni Sella & C., with the aim of expanding the offer of long-term investment solutions for its customers. The fund strategy is based on direct co-investments and a consolidated network of over 100 global General Partners, selecting operations in different market segments and maintaining flexibility in the management of the different stages of the economic cycle, thanks to a highly diversified sectoral exposure on senior debt instruments guaranteed at a variable rate, designed to combine flows stability and resilience in the different stages of the market.
With SCRED Europe, investors can add to the portfolio a private credit component with features in the historically favorable risk-return ratio and low correlation to listed markets. The strategy integrates environmental, social and governance criteria (ESG) and qualifies as a product that meets the requirements of Article 8 of the SFDR Regulation, in line with the commitment of the Sella Group towards sustainable finance and oriented to impact criteria over the long term.
“With this agreement we want to offer our private customers an efficient and professional access to an increasingly strategic asset class like private credit – said Alessandro Marchesin, Head of Wealth & Asset Management of the Sella Group -. The fund is a distinctive solution, built with an institutional logic, which allows you to participate in a widely diversified portfolio, already invested, with an evergreen structure that well adapts to long-term horizons.”.
“The partnership with the Sella group is a significant step in the strategy of StepStone Group to strengthen its presence in the Italian market. The initiative combines the experience and reliability of Sella networks with our expertise in Private Debt, making the offer accessible to a wider audience of investors. Sella’s commitment to innovation and excellence is fully in line with our vision of providing sophisticated investment solutions for Wealth Management,” said Giada De Mattia, Partner in StepStone.
– Sella Group Press Office Photos
(ITALPRESS).
