Fenera holds first close for funds-of-funds

The vehicle was launched in April alongside two other funds-of-funds, one focused on private debt and the other on real estate; they also both held a first close on €25m each.

The GP plans to reach two more closings in the coming months and a final close in 2019, hitting a combined target of €150m for the three funds-of-funds, Unquote understands.

Fenera is a recently established Italian GP led by CEO and co-founder Giacomo Stratta, who launched the firm alongside co-founder Pietro Mazza Midana in January 2018. The management team also includes president Alberto Savio, COO Silvia Garino and managers Roberto Reggiani and Stefano Pera.

Investors
Fenera Holding invested €15m in the funds and plans to increase its commitment to €40m by 2022, while the firm's management deployed an additional €15m. The funds' LP base includes Banca Sella – which invested €20m via Banca Sella Holding and Banca Patrimoni – Reale Mutua and PKB's Banca Lombarda.

The firm expects to raise additional capital in the coming months from several Italian insurance companies, pension funds and foundations.

Investments
The vehicles will invest in international funds, mainly based in Europe and the US, and for a minority of the capital (around 20%) in Asia. The firm has already made two investments with its real estate vehicle and is selecting a first deal to conduct via its private equity fund-of-funds in the US.

People
Fenera & Partners – Giacomo Stratta (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Fund-of-funds
• Funds
• Southern Europe
• Italy
• Funds-of-Funds