Bruno leaves Clessidra after eight years

Bruno's departure follows a period of turmoil for the Italian firm, set off by the untimely death of the firm's founder and key-man Claudio Sposito and the subsequent acquisition of the GP from the Italian family office Italmobiliare in May 2016.

According to press reports, Bruno was the only remaining member of Clessidra's previous investment team.

The firm has seen several people leave in the past year. Former chairperson Francesco Trapani left Clessidra in H2 2016 and partner and COO Alessandro Papetti and partner Ugo Belardi departed in April 2016.

Moreover, in the wake of Italmobiliare's acquisition of Clessidra in a €20m deal, the firm saw partner and CEO Maurizio Bottinelli quit, while Mario Fera was appointed director and Piero Alonzo vice-chair and interim CEO in June 2016.

In the aftermath of its CEO's death, the GP put fundraising activity for its third vehicle, Clessidra Capital Partners III (CCP III) on hold. More recently, the vehicle relaunched with a lower target set at €800m and ultimately held a final close on €607.3m.

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