The Board of Directors approves two new investments for FOF Private Equity Italia and FOF Private Debt Italia

Milan, May 20th, 2021- The Board of Directors of Fondo Italiano d'Investimento SGR ("FII SGR" or "Fondo Italiano") met yesterday, chaired by Andrea Montanino and led by the CEO Antonio Pace.

The Board of Directors approved 2 new investments of FOF Private Equity Italia ("FOF PE Italia") and FOF Private Debt Italia ("FOF PD Italia"), for a total commitment of 75 million euros, thus raising the number of total investments of the two FOFs up to 14, for a total capital commitment of 411 million euros. 

The two funds of funds are both devoted to supporting the sustainable growth of the Italian companies and boast a current total commitment respectively of about 350 million euros (FOF PE Italia) and 300 million euros (FOF PD Italia), of which 550 million euros raised from Cassa Depositi e Prestiti, as cornerstone investor and, for the remaining part, from some Italian Pension funds such as Arco, Laborfonds, Pegaso and Byblos.  

With reference to FOF PE Italia, thanks to these new resolutions the subscriptions already approved by the Board of Directors (approximately 82% of the current commitment) rise to 10, for a total amount of over 280 million euros. As of April 30th, 2021, the 7 portfolio funds involve 19 companies with an aggregate turnover of approximately 500 million euros, an EBITDA of approximately 110 million euros, and a total number of employees of over 1,800. 

As for FOF PD Italia, instead, 4 investments have been approved, for a total amount of 130 million euros (about 45% of the current commitment). As of April 30th, 2021, the 3 portfolio funds involve 22 companies with an aggregate turnover of over 2 billion euros, an EBITDA of 300 million euros and a total number of employees of almost 32,000.

Thanks to all its activities, Fondo Italiano continues to pursue its commitment to the achievement of the Sustainable Development Goals promoted by the United Nations ("SDGs"), including the goals number 8 on "Decent work and economic growth", number 9 on "Enterprise, innovation and infrastructure" and number 17 on "Partnership for the goals".  

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Fondo Italiano d’Investimento SGR

Fondo Italiano d’Investimento SGR (“Fondo Italiano” or “FII SGR”) was created in 2010 on the initiative of the Italian Ministry of Economy and Finance (MEF) and its shareholders include CDP Equity, Intesa Sanpaolo, Unicredit, Abi and Confindustria. The main goal of Fondo Italiano is to favor the growth of the Italian economy by managing closed-ended funds. The funds managed by FII SGR are aimed at conveying patient capital to Italian companies of excellence with a return on investment in line with international benchmarks.  
To date, FII SGR manages a total of 10 closed-ended investment funds reserved to qualified investors, with Assets Under Management in excess of 3 billion euros and operates both through direct investments and fund of funds’ activity.
FII SGR considers sustainability a fundamental value and is committed to integrating environmental, social and governance (ESG) criteria into its investment activities.

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Roberto Del Giudice
Fondo Italiano d’Investimento SGR
Tel. +39 02 63532.1     

Lavinia Borea 
LB Partners
Tel. +39 335 6583925