# UniCredit Group

UniCredit Group is a Bank / Wealth / Trust based in Milan, Italy.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Milan, Italy
- **Region:** Europe
- **Address:** Milan, Italy
- **Founded:** 1870
- **Assets under management:** Undisclosed
- **Website:** unicreditgroup.eu

## Regulatory record

- **Reports private funds:** No

## About

La Società del Gruppo UniCredit tra i leader in Italia nella locazione finanziaria. Sviluppa e potenzia il tuo business grazie allo strumento leasing.

## Sectors

- Financial Services
- Private Credit
- Infrastructure
- Real Estate
- Private Equity
- Hedge Funds

## Offices

- Munich, Germany
- Vienna, Austria
- Bucharest, Romania
- Prague, Czech Republic

## People

- Andrea Orcel — Chief Executive Officer
- Gianfranco Bisagni — Head of Group Corporate & Investment Banking

## Questions

### Who runs investment decisions at UniCredit Group?

Group CEO Andrea Orcel, who joined in 2021 from UBS, sets the overall investment strategy and capital allocation. Day-to-day investment execution is split: the corporate and investment banking division, led by Gianfranco Bisagni, oversees direct lending, structured finance, and equity co-investments; the markets division manages the group's proprietary trading books; and the group's asset management entities make fund-level allocation decisions. These teams coordinate through the group's asset-liability committee, which reports to the board.

### How does UniCredit source proprietary deal flow?

Deal flow originates primarily through the bank's commercial lending network, which serves over 15 million clients and facilitates corporate loans, trade finance, and supply-chain programs across 12 countries. The group's top-three market share in Italy, Germany, Austria, and several CEE markets gives it first-look access to acquisition finance, distressed restructuring, and infrastructure-project opportunities that emerge from existing client relationships. This embedded origination model generates investment candidates without relying on external broker auctions.

### Is UniCredit structured as an asset manager or a bank?

UniCredit is a commercial bank with an integrated asset-owner function. Unlike pure asset managers that raise third-party capital, UniCredit deploys its own balance sheet — representing €784 billion in total assets — into lending, co-investments, proprietary trading, and fund structures. It also manages third-party capital through regulated asset management subsidiaries, but the primary investment engine is the bank's own capital and the credit lines it extends to corporate clients.

### Does UniCredit participate in fund commitments or only direct deals?

It does both. The group's asset management arm raises and manages dedicated fund vehicles across real estate, private debt, and multi-asset strategies for institutional and retail investors. Simultaneously, the banking divisions make direct loans, take equity co-investment positions alongside private equity sponsors, and hold proprietary trading positions. This dual model allows the group to retain balance-sheet exposure when risk-adjusted returns are attractive and to syndicate or fund-format exposures where third-party capital fits better.

### Which sectors does UniCredit explicitly avoid?

UniCredit maintains a restricted-sector policy aligned with its environmental and social governance framework. The group has publicly committed to phase out thermal-coal financing by 2028 and restricts lending to oil and gas projects that do not meet its transition criteria. It also prohibits financing related to controversial weapons, as defined by Italian and EU regulations. Specific exposure thresholds for coal, mining in ecologically sensitive areas, and Arctic drilling are disclosed in the group's annual sustainability report.

## Related profiles

- [UniCredit Bank Austria](https://altss.com/profile/unicredit-bank-austria)
- [UNID Global Corporation](https://altss.com/profile/unid-global-corporation)

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Last updated: 2026-06-03T20:00:00.000Z

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