Fondo Italiano d’Investimento Ambitious Move with €215M Secondary Fund
Deal News | Nov 19, 2024 | Finance Community IT - 3 Private Equity
Fondo Italiano d'Investimento has successfully launched the Fondo Italiano Secondario (FIS), raising over €215 million from international institutional investors LGT Capital Partners and Committed Advisors. This fund will acquire 10 private equity funds from UniCredit, aligning with investments on the Italian market. This initiative marks Fondo Italiano d'Investimento's entry into the secondary market and strengthens its strategic presence in Italy's private capital landscape. The FIS fund is one of the largest of its kind in Italy and aims to enhance liquidity tools that facilitate the sale of fund stakes, providing more options for investors. The acquisition, with a total commitment of over €250 million, spans across 8 operators and over 50 companies. Leaders from LGT and Committed Advisors have highlighted their commitment to ongoing collaboration in Italy's evolving market.
Sectors
- Private Equity
- Investment Management
- Financial Services
Geography
- Italy – The article centers around Italian investments and the role of Fondo Italiano d'Investimento in the domestic market.
- Europe – The involvement of European institutional investors, such as LGT Capital Partners and Committed Advisors, indicates a broader European interest in the Italian market.
Industry
- Private Equity – The article discusses a significant private equity fund launch and acquisition by Fondo Italiano d'Investimento, focusing on Italian market investments.
- Investment Management – It involves the management of funds and investments, as indicated by the participation of institutional investors and fund management structures.
- Financial Services – UniCredit's involvement suggests the financial services sector's participation in equity fund management and sales.
Financials
- €215 million – The amount raised for the Fondo Italiano Secondario (FIS) fund.
- €250 million – The total commitment for the acquisition of 10 funds from UniCredit.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fondo Italiano d'Investimento | Target Company | Company | An Italian investment management company launching the Fondo Italiano Secondario (FIS). |
| LGT Capital Partners | Investor | Company | An institutional investor participating in the €215 million investment for FIS. |
| Committed Advisors | Investor | Company | A major player in the secondary market participating in the investment for FIS. |
| UniCredit | Selling Company | Company | A financial services company selling 10 funds focalized on the Italian market to Fondo Italiano d'Investimento. |
| Davide Bertone | Person | Person | CEO of Fondo Italiano d'Investimento who comments on the fund's strategic importance. |
| Luigi Tommasini | Person | Person | Head of Strategic Initiatives and Funds of Funds at Fondo Italiano d'Investimento. |
| Andr Aubert | Person | Person | Partner at LGT Capital Partners involved in the collaboration with Fondo Italiano d'Investimento. |
| Barthelemy de Beaupuy | Person | Person | Managing partner at Committed Advisors. |
| Lucas Vincent | Person | Person | Principal at Committed Advisors. |