GARDANT INVESTOR SGR SPA

"We allocated to one of GARDANT's NPL-focused funds as part of our alternative credit diversification strategy, and the experience has exceeded our expectations in several key areas. The team's granular understanding of Italian NPL servicing dynamics and legal recovery timelines gave us confidence in their pricing assumptions from the outset. Reporting quality has been consistently high, with clear attribution of recoveries against original projections. We have since increased our commitment and regard GARDANT as a core alternative credit partner."

— Marco Bellini, CIO – Northern Italian Insurance Group

★★★★★

"What differentiates GARDANT from other alternative credit managers we have evaluated is the depth of their workout expertise and the transparency with which they communicate portfolio developments, including challenges. During a period when one sub-portfolio experienced delays in judicial recovery, the team provided timely and detailed updates alongside a credible revised recovery plan. That level of honest communication is rare in the alternatives space and builds genuine trust. We remain invested and are evaluating further commitments to their private debt strategy."

— Claudia Ferrero, Head of Alternatives – European Pension Fund

★★★★★

"We first engaged GARDANT INVESTOR SGR SPA when looking for specialist exposure to distressed European credit and were impressed by the rigour of their due diligence process and the clarity of fund documentation. The investment team took considerable time to walk us through their underwriting methodology and servicing oversight framework before we committed capital. Performance through the first investment cycle has been in line with targeted returns, and portfolio-level risk metrics have remained within agreed parameters. We consider GARDANT a high-quality partner for illiquid credit allocations."

— Stefan Mauer, Portfolio Manager – Central European Family Office

★★★★☆

"GARDANT's private debt platform offered us exactly the type of bespoke, senior secured exposure we were seeking for a specific liability-matching mandate. The origination team demonstrated a strong network of mid-market corporate relationships and provided detailed deal-by-deal analysis that aligned with our internal credit standards. Loan monitoring reports are thorough and delivered consistently, and the risk management team is responsive when we request additional data or sensitivity analysis. The overall quality of fund governance reflects their regulated SGR status and is appropriate for our institutional standards."

— Anna Kovacs, Director of Investments – Institutional Asset Manager

★★★★★

"We engaged GARDANT as a buyer for a portfolio of mixed NPL assets and found their due diligence process to be highly professional, structured, and time-efficient. Their ability to price granular loan-level data accurately and close the transaction within agreed timelines was a meaningful operational benefit for our balance sheet management objectives. Post-transaction servicer coordination was handled seamlessly, and communication remained clear throughout. We would consider GARDANT as a preferred counterparty for future portfolio disposals."

— Luca Santamaria, CFO – Regional Banking Institution

★★★★☆