Specialised Credit

The first and only Italian player that integrates the whole loan management value chain: investment, financing, servicing and the sale of real estate assets and securities.

Business support tools

Asset Based Solutions

Loans secured on assets.

Real Estate

We analyse situations involving loans secured by real estate assets, following and coordinating the whole negotiation and bidding process in order to establish and structure financial solutions with the aim of assisting the business and enhancing the value of the assets.

Energy

We restore value to impaired energy-producing assets, assisting businesses but also investing directly. In addition, we support investments in new production capacity or in any case those designed to accompany the country’s energy transition. We leverage on our deep-seated knowledge of the sector to provide customers with flexible solutions, more in line with their investment objectives, also by using securitisation structures.

Distressed Credit Investment

We invest in non-performing corporate loans classified as distressed or UTP (Unlikely-to-Pay) by purchasing loans sold by banks or other investors. We have a highly-specialised approach and pay close attention to the underlying: in particular, we have developed distinctive skills in the real estate, energy and public procurement claim segments. We do not only purchase loans, our aim is also to regenerate these to create value for businesses and the local area.

Credit & Asset Optimisation

We sell non-performing loans and real estate assets to third party investors, following the operation throughout from origination to closing.

ARECneprix

Our specialisation

Asset Management

We are specialists in the management of large real estate assets, having a full range of made-to-measure value-enhancement services and strategies designed to maximise the value of the underlying.

Special Servicing

We support banks and our partner investors throughout the whole value chain: from origination and the due diligence to the value-enhancement and marketing of the secured assets.

Structuring & Finance

We structure financial operations based on the restructuring of loan positions with a real estate underlying that are capable of responding to the needs of banks, investors and debtors, taking a tailored approach and using latest-generation technologies​.

Team Specialised Credit

Andrea Clamer

Head of Specialised Credit Division

Massimo Bianchi

Head of Investments

Elena Maspoli

Head of Energy

Francesco Carlesi

Head of Combined Credit Solutions

Luka Stanisljevic

Head of Alternative Investments

Elena Perriello

Head of Business Monitoring & Optimisation

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Andrea Clamer

Head of Specialised Credit Division

Erasmus generation, an Economics degree from Pavia and an MBA from SDA Bocconi and the ESADE Business Schoo and a co-founder of illimity, where he heads the Specialised Credit Division.

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Massimo Bianchi

Head of Investments

Massimo began his career at Lehman Brothers and prior to illimity spent twelve years with the D.E. Shaw Group, a global investment and technology development firm. Today he serves as Head of Investments and is in charge of investments in corporate impaired loans, primarily asset-backed.

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Elena Maspoli

Head of Energy

A graduate of Bocconi University, Elena has always been dedicated to the world of infrastructure and energy, working in investment banking and private equity. In illimity since 2019, she follows the sector in energy in its various ramifications.

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Francesco Carlesi

Head of Combined Credit Solutions

Francesco consolidated his industry experience starting in 2012 in Banca IFIS, where he held the position of Head of Pricing in the Non-Performing Loans division. He joined illimity in 2018, taking on roles of increasing responsibility until his current position as Head of Combined Credit Solutions, specializing in investments in UTP loans and related financing.

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Luka Stanisljevic

Head of Alternative Investments

Luka has been active in the distressed credit sector for over 10 years, handling over €20 billion GBV of completed transactions in different roles. In illimity since 2019, he follows the assessment of innovative investment operations, specializing in alternative investments.

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Elena Perriello

Head of Business Monitoring & Optimisation

After taking a degree in Finance and Risk Management, Elena started her career path in Banca Ifis and joined illimity in 2018. She is currently Head of Business Monitoring & Optimisation, where she deals with opportunities for the disposal of distressed loan portfolios and asset enhancement and regeneration.

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Team ARECneprix

Marco Sion Raccah

CEO of ARECneprix

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Marco Sion Raccah

CEO of ARECneprix

Marco Sion Raccah collaborated with Bain & Company for institutional clients such as Deutsche Bank Real Estate and Eni, then spent ten years at Finance Roma, where he served as Executive Director and CEO, managing real estate investments and NPL credits. In 2016, he became General Manager of Aurora Capital, which was integrated into the illimity group in 2023, giving rise to ARECneprix. With over 16 years of experience in NPL investments and more than 19 years in the real estate sector, Raccah, in his new role as CEO, will further enhance the company's positioning as an operator capable of integrating the value chain in credit management: from special servicing activities to asset management and the enhancement of complex real estate projects.

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Highlights

1.4 bn

Total net customer loans and investments

1.3 bn

Senior Financing

11.6 bn

Servicing and remarketing

assets under management between real estate, capital assets and receivables

1.6 bn

Real estate and capital assets under management

Figures refer to 3Q24 Find out more

Stories

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22 November 2021
Franco Barberis
From ugly duckling to swan of the Real Estate
aGroup@2x
20 July 2022
TRE Holding
When real estate assets hide unexplored potential.

Securitisations

Check the information on listed financial instruments related to securitisation transactions in the appropriate section.

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