Fondo Italiano increases its commitment on the private capital market

Fondo Italiano increases its commitment on the private capital market:
further investments approved in Clessidra Capital Partners 4, NB Aurora Co-Investment Fund and Clessidra Private Debt Fund

Milan, March 16th, 2022 – The Board of Directors of Fondo Italiano d’Investimento SGR (“FII SGR” or “Fondo Italiano”), chaired by Andrea Montanino and led by the CEO Antonio Pace, met today.

During the meeting, the BoD approved an increase in commitments on behalf of the funds of funds under management, devoted to supporting the sustainable growth of Italian companies. With these new investments, the total commitment of the funds of funds currently under investment rises to €341.6 million, for the 11 private equity investments and €214.7 million for the 5 private debt investments

Specifically, the BoD approved the subscription of further units of the private equity funds Clessidra Capital Partners 4, managed by Clessidra Private Equity SGR, and NB Aurora Co-Investment Fund, managed by Neuberger Berman. In addition, an increase in commitment in Clessidra Private Debt Fund, a private debt fund managed by Clessidra Capital Credit SGR, that was already subject of a previous resolution at the end of February, was approved.

These funds, together with those already part of the funds of funds portfolios, all share a strong focus on ESG issues and sustainable investments, in line with the Responsible Finance Policy adopted by Fondo Italiano d’Investimento.

During the meeting, the BoD was also updated on the potential impact of the Russian-Ukrainian conflict on the portfolios of managed funds. According to preliminary analyses, with regard to direct investment activity, which currently involves 12 Italian companies, at the moment no specific negative effects can be detected, neither on the supply markets, nor on  the end markets. The portfolio companies are carefully monitoring the situation and, at present, the main issues analyzed relate to the cost of energy and the continuity of some critical supplies. These aspects are, however, kept under control also through alternative supplies.  

Even with reference to the funds of funds activity the situation seems to be under control, since there aren’t any Russian investors among the subscribers of the portfolio funds and no criticalities have been reported in terms of target companies.

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DRAFT-Press-Release-FII-BoD-March-16-2022_vF

Fondo Italiano d’Investimento SGR

Founded in 2010 at the initiative of the Ministry of Economy and Finance (MEF) and participated by CDP Equity, Intesa Sanpaolo, UniCredit, ENPAM Foundation, ENPAIA Foundation, ABI, Banco BPM, and BPER Banca, Fondo Italiano d’Investimento SGR's main objective is to manage closed-end mutual funds aimed at channelling capital towards the system of excellent Italian companies, combining the goal of return on invested capital in line with international benchmarks with that of fostering the growth of the Italian productive system. Fondo Italiano manages 21 closed-end mutual funds reserved for qualified investors, totalling over Euro 4 billion of capital under management, and operates through direct and indirect investments (fund of funds). Fondo Italiano considers sustainability a fundamental value and is committed to integrating environmental, social, and governance (ESG) criteria into its investment activities.

For further information

Roberto Travaglino

Fondo Italiano d’Investimento SGR

+39 02 63532 208

roberto.travaglino@fondoitaliano.it

Thanai Bernardini

External press office

+39 335 7245418

me@thanai.it

Alessandro Bozzi Valenti

External press office

+39 348 0090866

alessandro.valenti@thanai.it