Fondo Italiano increases its commitment on the private capital market: further investments approved in ITAGO IV, PM&Partners III, Equita Private Debt Fund II
Milan, February 15th, 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 Board of Directors 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 private equity funds of funds currently under investment raises to €326 million, spread over 11 investments; whilst the total commitment of the private debt funds increases to €139 million, spread over 4 investments.
More specifically, the BoD approved the subscription of further units of the private equity funds ITAGO IV, managed by ITAGO SGR, PM&Partners III, managed by PM&Partners SGR, and in Equita Private Debt Fund II, the private debt fund managed by Equita Capital SGR.
These three funds, together with those already part of the portfolios, all share a strong focus on ESG issues and sustainable investment, in line with the Responsible Finance Policy adopted by Fondo Italiano d’Investimento.
As of December 31st, 2021, the 11 private equity funds in portfolio involved 36 companies with an aggregate turnover of approximately €1.6 billion and a total number of employees of over 5,000 units. On the same date, the 4 private debt funds in portfolio subscribed to 36 instruments issued by 29 companies, with an aggregate turnover of approximately €3.5 billion and a total number of employees of almost 32,000.
These commitments confirm Fondo Italiano’s propulsive role in supporting the Italian private capital market and financial instruments oriented towards the development of the real economy and Italian small and medium-sized enterprises.
