Milan, 5 July 2017. FSI SGR, launches a new fund – FSI Mid-Market Growth Equity Fund (“FSI”or”Fund”) to invest in leading Italian corporates with growth, consolidation and step changing plans. The Fund has the objective to foster growth of the invested companies with a long term investor approach.
First closing commitments are over Euro 1 billion, with a Euro 2 billion hard-cap. Investors include Cassa depositi e prestiti, as anchor investor. primary Sovereign Wealth Funds from the Middle East, Far East and Central Asia, European Insurance companies and Banks, Bank Foundations and Asset Managers. The Fund ranks among the largest European country-focused investment funds, with 60% of the total first closing subscribers from outside of Italy.
The fund will invest in partnership with Entrepreneurs, Families and Managers to foster the growth of invested companies, facilitate succession plans and promote their listing on the Stock Exchange. The Fund will mainly pursue minority investments, with a caution approach to leverage. The Fund will not invest in distressed companies, real estate, greenfield infrastructures, banks and insurance companies.
The FSI team comprises 23 professionals led by Maurizio Tamagnini – former CEO of Fondo Strategico Italiano – as Chief Executive Officer, with Barnaba Ravanne as Chief Investment Officer and Marco Tugnolo as Investment Director. Claudio Costamagna, Chairman at Cassa depositi e prestiti, is the Chairman of FSI. The team also includes three Industrial Partners with prominent backgrounds earned in leading positions at large international corporates: Umberto della Sala (Foster Wheeler), Michele Norsa (Ferragamo), Eugenio Razelli (Magneti Marelli).
“FSI wants to be the “bridge” between long-term investors, including SWFs, and the Leading Italian Corporates, providing growth capital, in partnership with entrepreneurs” – says Maurizio Tamagnini – CEO of FSI.
FSI Press Release
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