
Green Arrow to launch two new funds
Green Arrow Capital has announced the launch of two new vehicles in the coming months.
The GP will raise a €200m fund called Special Credit Situations, which will be on the road by the end of the year, and a €500-700m fund named Fondo Infrastrutture Energetiche, which will be launched at the beginning of 2019 to focus on energy infrastructure and renewables.
Special Credit Situations will invest in credit opportunities of Italian companies in special and distressed situations, acquiring credits from banks and leasing contracts, and injecting new capital to support the restructuring plans. The fund has an 80% unsecured and 20% secured allocation target and an IRR target of 12%.
Green Arrow expects to receive commitments from around 20 investors, including bank foundations, pensions funds, Italian and European family offices, and funds-of-funds.
The GP told Unquote that it also plans to launch a new private equity fund in 2019, with a target of €250-300m.
The GP has recently wholly acquired Italian private equity house Quadrivio, which has €1.4bn in assets under management, according to Unquote Data.
Green Arrow was founded in 2012 by a consortium of entrepreneurs: Eugenio de Blasio, Daniele Camponeschi, Stefano Russo and Francesco Giovannini. The firm currently has operations in Europe, the Middle East and the Americas.
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