FII holds €200m first close for FoF PE Italia

Italian state-backed Cassa Depositi e Prestiti, the fund's anchor investor, deployed €200m with an additional €100m commitment, which will be provided at a later stage. FII intends to raise the rest of the capital from Italian institutional investors, primarily pension funds and insurance companies.

FoF PE Italia will invest in private equity funds operating in the Italian market to support local SMEs in their growth and international expansion. It will primarily target funds investing in companies operating in the tech industry or with a strong technology approach, with solid growth plans and able to pursue add-on opportunities.

This is the second private equity fund-of-funds managed by FII and aims to be larger than its predecessor, FoF PE, which was launched in 2010, raised €358m and invested in 16 Italian private equity funds.

FII is also currently fundraising for a venture capital fund-of-funds, FoF VC III, launched in May 2018 with a €200m target.

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Fondo Italiano d'Investimento – Carlo Mammola (CEO).

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