Milan, February 1st, 2021 – 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 on January 29th.
During the meeting, the Board of Directors was informed of the investment by a leading pension fund in Fondo Italiano Consolidamento e Crescita – FICC, the fund with a consolidation and build-up strategy in sectors of excellence of the Italian economy. The FICC fund has thus reached the amount of 440 million euros and it is expected to reach AUM of 500 million euros by March 31, 2021.
FICC has achieved great interest in terms of fundraising, therefore the BoD approved a 12 months extension of the investment period. Also, Fondo Italiano Tecnologia e Crescita – FITEC, dedicated to minority investments in high-tech companies did benefit of an extended fundraising period.
Lastly with regard to the fund of funds activity, the Board of Directors approved the extension to March 15, 2021 of the deadline for the option, for investors who subscribe units of FOF Private Equity Italia and FOF Private Debt Italia funds for at least 10 million euros, to take part in the Advisory Committee of the FOFs.
