The Italian government and a group of private investors including Confindustria, the Italian Association of Banks (ABI) and the country’s three main financial institutions –Intesa Sanpaolo, UniCredit and MPS- have launched a €1bn fund to support SMEs.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018