F2i holds €3.6bn final close for third fund

Terzo Fondo F2i, which has a 12-year lifespan, held a €3.14bn first close in December 2017.

According to the GP, the fundraising was quick and smooth and saw very positive response from both Italian and international investors.

Capstone Partners was the placement agent for the raise, while Studio Chiomenti and Cleary Gottlieb acted as legal advisers and BNP Paribas and Mediobanca were financial advisers.  

Investors
Terzo Fondo F2i's investor base is composed of pension funds, sovereign funds, bank foundations and insurance companies from Europe, Asia and North America, which committed 74% of the capital. The remainder was raised from funds-of-funds, banks, F2i’s management and state-owned Cassa Depositi e Prestiti.

Most of the investors in F2i's first fund decided to re-up and were joined by several new LPs including Canadian Public Sector Pension Investment Board (PSP Investments) and Singaporean sovereign wealth fund GIC.

Investments
The vehicle, which inherited the assets of F2i's first fund through a merger, targets Italian companies operating in the infrastructure sector, primarily natural-gas networks, airports, renewable wind-power and biomass energy production, as well as in the healthcare and telecommunications industries.

People
F2i - Renato Ravanelli (CEO).

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

• Topics
• Funds
• Infrastructure
• Southern Europe
• Infrastructure
• Healthcare
• Italy