Tenax Sustainable Credit Fund: a private debt fund for Italian companies

Intesa Sanpaolo has signed a Memorandum of Understanding with Tenax Capital to set up a debt fund, Tenax Sustainable Credit Fund, which will invest in Italian companies.

The collaboration between Intesa Sanpaolo and Tenax Capital will represent an additional way to increase financing capacity to support the growth of Italian companies and their strategic supply chains, strengthening relationships between banking institutions and financial investors specialised in private debt, while maintaining careful risk monitoring.

The new debt fund will have a strong focus on ESG issues, favouring projects and deals that meet sustainability criteria.

The fund's fund-raising target is at least €300 million, with the involvement of Italian and European institutional investors active in the private debt market.

Intesa Sanpaolo will be the non-exclusive anchor investor and originator of the fund's assets, and Tenax Capital, as fund manager, will be responsible for analysing, selecting and approving investments and placing units with institutional and insurance investors.