Hat Orizzonte holds €30m first close for technology fund

Following the first closing, the GP expects to reach a second in March 2018 and has a final target of €100m, with a €125m hard-cap.

Hat IV launched in July 2017 following the merger between Italian investment firm Hat Holding and fund manager Orizzonte. In March 2017, Hat Holding acquired a 70% stake in Orizzonte, which retained the remaining 30% via Techno Holding.

Following the merger, the GP undertook the management of three investment funds: an infrastructure-dedicated €130m fund, Fondo Sistema Infrastrutture (FSI); a technology-focused €50m vehicle, Fondo ICT; and the newly launched Hat IV. The former two are fully invested and each retains seven portfolio assets under management.

Additionally, Hat still manages Hat Sicav, a €42m investment vehicle that is currently 80% deployed, and a private debt fund with €80m in commitments.

Investors
The GP expects banks, foundations, pension funds and family offices to commit capital to its new vehicle.

Investments
The vehicle has a 10-year lifespan and targets minority investments in Italian SMEs operating across the technology sector.

People
Hat Orizzonte – Ignazio Castiglioni (CEO).

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• Topics
• Funds
• Technology
• Southern Europe
• Venture
• Italy