Idea Capital Funds rebrands to DeA Capital Alternative Funds

The rebranding follows the promotion of Gianandrea Perco to CEO and Pier Luigi Rossi to director.

According to a statement, DeA Capital has €11.5bn in assets under management across several asset classes, including real estate, private equity and non-performing loans.

At the time of publication, DeA Capital Alternative Funds managed €1.9bn in assets via three private equity funds-of-funds – the €681m Fondo Idea I FoF, €281m ICFII and €67m ICFIII – and three buyout funds. These comprise the €217m Idea Opportunity Fund I, the €100m Idea Efficienza Energetica e Sviluppo Sostenibile and the €218m vehicle Idea Taste of Italy.

The GP also manages a debtor-in-possession financing vehicle, Idea Corporate Credit Recovery I. The fund focuses on Italian mid-sized enterprises in distressed situations, aiming to support their turnaround and restructuring plans. In July 2016, the fund held a first close on €260m towards a €500m target.

During the latest shareholders meeting of DeA Capital, CEO Paolo Ceretti announced the intention to launch a second corporate credit recovery vehicle. The new fund will have the same target and investment strategy as its predecessor.

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• Topics
• GPs
• Southern Europe
• Italy
• DeA Capital