The fund will primarily target successful Italian companies to finance their growth and expansion, but will also focus on distressed businesses to support their restructuring plans.

The firm's management team includes president Nicola Rossi, CEO Vincenzo Macaione and CIO Francesco Carobbi. The latter previously worked for JP Morgan Chase, Bank of Tokyo-Mitsubishi and Oppenheimer Europe, and will direct the fund's investment strategy.

CEO Macaione told Unquote that Main Capital expects to launch its first fund by October and to hold a first close by the end of the year.

The fund plans to raise capital from institutional investors, especially Italian insurance companies and pension funds, and, for a smaller portion, from private investors and family offices, Macaione added.

The firm's shareholder base comprises the Serramidigni family, with a 21.2% share; Invest Banca, with a 19% holding; private investor Massimo De Dominicis and the Basile family, each controlling 16%; Main Capital CEO Macaione with a 12.4% ownership; the Cordioli family, with a 7.6% stake; Milan-listed WM Capital, which owns a 5.2% holding; Main Capital president Nicola Rossi, with a 1% holding; and four private investors each controlling 0.4%.

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• Topics
• Funds
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• Southern Europe
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• Italy