DIRECT LENDING
The Green Arrow Direct Lending fund arises from new credit market conditions in Italy and in particular from the requirements of mid-market companies of financing their growth. Current credit regulations, combined with high credit market volatility, create a structural supply and demand imbalance for medium term financing.
The Fund seeks investments having an Enterprise Value comprised between € 50-500 Mln – arranged by the Fund itself (Primary transactions) or by leading arrangers in the relevant leveraged finance markets (Secondary transactions).
The Fund predominantly invests in Senior Secured loans and Unitranche; Bonds and Subordinated debt will also be considered on an a case by case basis.
Target current return: 5%. The Fund is not leveraged.
THE TEAM
Marco Meda
INVESTMENT DIRECTOR
With more than 20 years of experience in Corporate Banking, he began his career at Interbanca S.p.A. where, coordinating a team of 8 analysts, he participated in the approval and subscription of 700 medium / long-term transactions between € 1m and € 200m on average for a total amount of € 3.8 billion capitals deployed.
With more than 20 years of experience in Corporate Banking, he began his career at Interbanca S.p.A. where, coordinating a team of 8 analysts, he participated in the approval and subscription of 700 medium / long-term transactions between € 1m and € 200m on average for a total amount of € 3.8 billion capitals deployed. He continued his career in Banca Antonveneta S.p.A. (ABN Amro Group) as a Relationship Manager in the Large Corporate division (origination and coverage of a customer portfolio with turnover between € 200m and € 1bn) and then in GE Capital Interbanca S.p.A. (General Electric Group) where, coordinating a team of 10 portfolio managers, he managed the bank’s performing loan portfolio of approximately € 2.4 billion. He joined the team in 2016. Key Man of GAPDF I, key man and member of the Investment Committee in GAPDF II.
Davide Moscatelli
SENIOR INVESTMENT MANAGER PRIVATE DEBT
With more than 15 years of experience in the banking world, he began his career as an Auditor in a Big 4 firm continuing as a Corporate Credit Analyst at Interbanca S.p.A. (later GE Capital Interbanca S.p.A.), up to the role of manager of a € 300m portfolio of loans deriving from LBO transactions, with a focus on restructuring activities.
Umberto Pezzali
ASSOCIATE
With 4 years of experience in Private Debt and credit analysis, Umberto joined the team in 2019, taking part at the second phase of the investment period of GAPDF I.
CREDIT INVESTMENT COMMITEE
Andrea Beltratti
Full Professor of the Finance Department at Bocconi University, he conducts research on stock markets, banking industry, Risk Management and Corporate Governance. His research has been published in the major journals such as the Journal of Financial Economics, Journal of Econometrics, Journal of Monetary Economics and Oxford Economic Papers.
Giuliano Mari
Over 40 years of Direct Lending experience. Graduated in Chemical Engineering from the “La Sapienza” University of Rome (110/110). Registered in the Register of Official Auditors for over 10 years.
Over 40 years of Direct Lending experience. 
Massimo Mattera
Over 40 years of Direct Lending experience. He held the position of Head of Credit Department of IMI.
Over 40 years of Direct Lending experience. He held the position of Head of Credit Department of IMI. Subsequently he was an effective member of the Intesa Sanpaolo Credit Committee and a member of the Experts Committee of Cassa Depositi e Prestiti. He currently holds the role of board of directors member of Banca IMI.