New subscriptions for Fondo Italiano Consolidamento e Crescita – FICC and approved the extension of the investment period

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.

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Press-Release-BoD-29-January-2021

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