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Chenavari Investment Managers
Chenavari Investment Managers was founded in 2003 by Philippe Oddo, a member of the Oddo banking family, as an alternative credit manager headquartered in...
Chenavari Investment Managers
Chenavari Investment Managers was founded in 2003 by Philippe Oddo, a member of the Oddo banking family, as an alternative credit manager headquartered in Luxembourg. The firm emerged from the Oddo group's proprietary trading desk and maintains operational independence while retaining the Oddo family's capital anchor. Chenavari focuses on European credit and asset-backed markets, with strategies spanning structured credit, private debt, real estate, infrastructure, and non-performing loans. The firm applies a fundamental, bottom-up approach to credit selection, often investing across the capital structure. It has been a significant player in NPL markets in Italy and Spain, and has co-invested with institutions such as the European Investment Bank (per the EIB, 2020). The firm also manages collateralized loan obligations (CLOs) and operates a distressed debt fund. Chenavari's team is based primarily in London and Luxembourg, with a small number of professionals (estimated at fewer than 50). The firm does not disclose AUM but is believed to manage approximately €3-5 billion, based on its CLO tranche sizes and fund filings (per public filings, 2023). In 2022, Chenavari closed a dedicated infrastructure debt fund at over €300 million, targeting European greenfield and brownfield projects (per Infrastructure Investor, 2022). The firm's structural differentiator lies in its hybrid heritage: it is a spin-off from a European banking family's trading desk but operates as a market-based asset manager with institutional infrastructure, not a single-family office. That gives Chenavari the capital patience of a family-backer with the regulatory and compliance architecture of a regulated investment firm.
General information
Firm type
Asset Manager
Year founded
2003
AUM
Undisclosed
Location
Region
Europe
Country
Luxembourg
City
Luxembourg
Corporate office
Luxembourg, Luxembourg
Additional offices
London, United Kingdom
Principals
Philippe Oddo
Founder
Tristan Bourlut
Chief Investment Officer
Laurent Linz
Chief Executive Officer
Sector focus
Frequently asked questions
What is Chenavari's core investment strategy?
Chenavari specializes in European credit and asset-backed markets, including structured credit, private debt, real estate debt, infrastructure debt, and non-performing loans. The firm applies fundamental credit analysis and often invests across the capital structure. It operates a dedicated NPL platform that has been active in Italian and Spanish loan portfolios.
Does Chenavari manage CLOs?
Yes. Chenavari has issued multiple collateralized loan obligations (CLOs) — primarily European broadly syndicated CLOs — through its Chenavari CLO series. These vehicles are typically rated and listed, providing the firm with a regular source of managed AUM and fee income.
What is the relationship between Chenavari and the Oddo banking group?
Chenavari was founded by Philippe Oddo, a member of the Oddo banking family. The firm originated from the Oddo group's proprietary trading desk but operates as an independent asset manager under the Chenavari brand. It is not part of Oddo BHF's current banking operations.
What types of investors does Chenavari serve?
Chenavari's funds target institutional investors such as pension funds, insurance companies, sovereign wealth funds, and family offices. The firm offers both Luxembourg-domiciled regulated funds and separately managed accounts.
Has Chenavari invested in infrastructure?
Yes. Chenavari launched a dedicated infrastructure debt fund in 2022, targeting European greenfield and brownfield projects in sectors such as renewable energy, digital infrastructure, and transport. The fund reached over €300 million in commitments (per Infrastructure Investor, 2022).
What is Chenavari's regulatory status?
Chenavari Investment Managers (Luxembourg) Sarl is regulated by the Luxembourg financial regulator (CSSF). It operates as an alternative investment fund manager (AIFM) under the European Alternative Investment Fund Managers Directive (AIFMD).
Who leads investment decisions at Chenavari?
Tristan Bourlut serves as Chief Investment Officer, overseeing the firm's credit and structured products strategies. Laurent Linz is Chief Executive Officer. Founder Philippe Oddo remains involved as a strategic advisor but has stepped back from day-to-day portfolio management.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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