FSI II Surpasses Fundraising Target with €1.6 Billion Final Closing
Funding | Feb 25, 2025 | FSI SGR SpA
FSI SGR SpA, a growth partnerships specialist based in Italy, has successfully closed its latest fund, FSI II, at approximately €1.6 billion, surpassing its initial target of €1.5 billion. This record-breaking fund is the largest private equity pool in Europe dedicated exclusively to a single country and supports the growth of mid-market corporates in Italy. The final closing strengthens FSI's reputation as a leading country-specialist and confirms its stronghold in sectors like tech, fintech, and healthcare, which are anticipated to benefit from secular growth trends. Despite a challenging fundraising market, FSI II attracted strong interest from international investors (55%) and domestic investors (45%), with over 90% of previous investors re-committing and 33 new investors joining. This diverse investment base includes pension funds, sovereign funds, banks, insurance groups, asset managers, and family offices. FSI I's record includes 11 investments, 25 bolt-ons, and €1 billion deployed across key verticals, with a return of €1.3 billion to investors. The fund is managed under the leadership of CEO Maurizio Tamagnini and CIO Barnaba Ravanne.
Sectors
- Private Equity
- Financial Services
- Technology, Fintech, and Healthcare
Geography
- Italy – FSI II is dedicated exclusively to the growth of Italian mid-market corporates, making Italy the primary geographic focus.
- Europe – The article describes FSI's position as a leading country-specialist in Europe, with a diversified investor base across European institutions.
Industry
- Private Equity – The article discusses the successful final closing of a private equity fund, FSI II, which focuses on supporting the growth of Italian mid-market companies.
- Financial Services – The article highlights the involvement of various financial institutions such as pension funds, sovereign funds, banks, and insurance groups as investors in the FSI II fund.
- Technology, Fintech, and Healthcare – FSI II focuses on investments in these sectors within Italy, which are expected to experience significant growth.
Financials
- €1.6 Billion – The final closing amount of the FSI II fund, surpassing the initial target of €1.5 billion.
- €1.3 Billion – The amount returned to investors from the FSI I fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FSI SGR SpA | Private Equity Firm | Company | FSI SGR SpA is the growth partnerships specialist firm responsible for managing the FSI II fund. |
| Maurizio Tamagnini | CEO and Managing Partner | Person | CEO and Managing Partner of FSI, Maurizio Tamagnini, commented on the successful closing of the FSI II fund. |
| Barnaba Ravanne | CIO and Co-Managing Partner | Person | CIO and Co-Managing Partner of FSI, Barnaba Ravanne, provided comments on the fund's success. |