This single-compartment fund operates in real estate special situations and is dedicated to investments in credits of various types and technical forms, backed by real estate assets, classified as Stage 2, UTP and NPL.

The fund adopts a flexible approach that enables it to provide new financing, carry out debt restructuring transactions and intervene directly on real estate assets through the repossession of collateral securing the acquired credits or by subscribing equity/semi-equity instruments.

illimity Selective Credit is a private debt AIF that acts as a medium- to long-term strategic partner for unlisted, performing Italian SMEs, providing financing through a broad spectrum of financial instruments ranging from senior loans to subordinated debt and/or quasi-equity and equity instruments, with a focus on ESG considerations throughout the investment process (Art. 8 PRI). This single-compartment, closed-end Italian fund is reserved for professional investors and qualifies as a PIR alternative–compliant vehicle.