Fondo Italiano d’Investimento: FICC II Reaches €400 Million in Fundraising
A Further Closing for the Second Edition of the Fondo Italiano Consolidamento e Crescita
Milan, 6th September 2024 – Fondo Italiano d’Investimento SGR announces the successful completion of a further closing for the fundraising of FICC II (Fondo Italiano Consolidamento e Crescita II), the second edition of the Fund dedicated to supporting the growth of Italian excellences in sectors relevant to the national economy, which has reached €400 million.
In addition to the investors who supported the first edition of FICC (CDP Equity, Fondazione ENPAM, UniCredit, Intesa Sanpaolo, and Inarcassa), seven new leading institutional investors have joined the fund.
In line with the successful strategy of the first edition, FICC II, led by Senior Partners Gianpaolo Di Dio, Aldo Di Bernardo, and Marzia Bartolomei Corsi, will continue to support the development of Italian companies in industries such as Made in Italy, Information Technology & Digital, Lifesciences & Healthcare, Tourism 4.0, and Industrial Technology & Products. These sectors are the focus of the 2022-2025 Industrial Plan of Fondo Italiano d’Investimento SGR. Furthermore, the fund qualifies as an SFDR Article 8 instrument, promoting concrete improvements in the ESG (Environmental, Social, and Governance) domain.
The first edition of the FICC fund has invested, over the past five years, in eight outstanding Italian companies: Marval, C2Mac, Maticmind, Mecaer Aviation Group, Gruppo Florence, Quick, HNH Hospitality, and RINA. The latter also represents the first investment of FICC II, aimed at supporting the growth and international expansion of a leading group in engineering consulting and Testing, Inspection & Certification (TIC). Additionally, approximately 12 months after the closure of the investment period, FICC has already completed three successful exits, enabling the repayment of almost all the capital invested by investors (DPI of 0.92x, including the exit of Marval): Maticmind sold to CVC in December 2022, Gruppo Florence sold to Permira in October 2023, and Marval, for which an agreement was signed in August 2024 for the sale to Azzurra Capital.
Gianpaolo Di Dio, CIO and Senior Partner of Fondo Italiano d’Investimento SGR, commented: "We are satisfied for the achievement of this first fundraising milestone and the confidence that institutional investors have placed in the team and our distinctive investment strategy, which is based on the consolidation and aggregation of Italian excellences in key sectors, in line with the mission of Fondo Italiano d’Investimento. The positive results achieved so far by the FICC fund provide a strong foundation for the activities of our new fund."
Roberto Travaglino, Commercial Director, Investor Relations & ESG at Fondo Italiano d’Investimento SGR, added: "We are proud of this additional achievement, which confirms our ability to attract institutional investors even in challenging market conditions for fundraising. The current fund size has been reached thanks to the continued support from previous investors and our capacity to attract seven new partners."
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Fondo Italiano d’Investimento SGR
Founded in 2010 at the initiative of the Ministry of Economy and Finance (MEF) and participated by CDP Equity, Intesa Sanpaolo, UniCredit, ENPAM Foundation, ENPAIA Foundation, ABI, Banco BPM, and BPER Banca, Fondo Italiano d’Investimento SGR's main objective is to manage closed-end mutual funds aimed at channeling capital towards the system of excellent Italian companies, combining the goal of return on invested capital in line with international benchmarks with that of fostering the growth of the Italian productive system. Fondo Italiano manages 18 closed-end mutual funds reserved for qualified investors, totaling around Euro 3.9 billion of capital under management, and operates through direct and indirect investments (fund of funds). Fondo Italiano considers sustainability a fundamental value and is committed to integrating environmental, social, and governance (ESG) criteria into its investment activities.
For further information:
Roberto Travaglino
Fondo Italiano d’Investimento SGR
+39 02 63532 208
roberto.travaglino@fondoitaliano.it
Thanai Bernardini
External press office
+39 335 7245418
Alessandro Bozzi Valenti
External press office
+39 348 0090866