26 March 2021
Fondo Italiano d’Investimento funds of funds ready to commit to three new Italian funds
Milan, March 26th, 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 today.
During the meeting, the BoD approved three new investments for the funds of funds, equal to a total commitment of 80 million euros. FOF Private Equity Italia (“FOF PE Italia”) is going to finalize two investments. These are Clessidra Capital Partners 4, managed by Clessidra Private Equity SGR and Xenon Private Equity Small Cap, managed by Xenon AIFM S.A., both funds operate in Italy. FOF Private Debt Italia (“FOF PD Italia”) will instead invest in Fondo PMI Italia II, managed by Finanziaria Internazionale Investments SGR, a private debt fund.
The new investments are in line with the previously announced strategy of FII SGR’s Fund of Funds to sustain larger funds with a proven track record that focus on Small and Medium Sized firms and their consolidation. FII Sgr also focuses on supporting first time teams looking at smaller companies.
With these new resolutions, the investments approved by the Board of Directors for FOF PE Italia and FOF PD Italia rise to 12, for over € 335 million committed (with the potential to mobilize € 2.2 billions together with other market investors). Overall, FII SGR, through its management of 4 funds of funds has invested in 39 vehicles. In total these have involved over 300 companies, with an aggregate turnover of approximately €30 billion and over 150.000 employees.
Due to these activities, Fondo Italiano continues to pursue its commitment to the achievement of the Sustainable Development Goals promoted by the United Nations (“SDGs”), specifically, number 8 on “Decent work and economic growth”, number 9 on “Industrial 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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Contacts:
Roberto Del Giudice
Fondo Italiano d’Investimento SGR
Tel. +39 02 63532.1
roberto.delgiudice@fondoitaliano.it
Lavinia Borea
LB Partners
Tel. +39 335 6583925
lavinia.borea@lbpartners.net