FII to launch €700m Agritech & Food Fund

The vehicle intends to invest in around 15 businesses, with the aim of helping SMEs operating across the food and agriculture sectors boost their technological advancement and digital development, and become more resilient and efficient.

The fund will have a special focus on precision farming, green chemistry, seed production, bio-energy, industrial transformation of food production and agri-food e-commerce.

The vehicle will take into account in its investment strategy the sustainable development goals of the United Nations, in order to favour companies with environmental and social benefits that are offering solutions to the challenges of sustainable development and responsible production.

The fund has a strong pipeline of promising target companies, the GP told Unquote.

Established in 2010 and backed by the Italian Ministry of Finance, FII is majority owned by the Italian state's CDP, and by minority shareholders Intesa Sanpaolo, Unicredit, Abi and Confindustria.

FII currently manages 10 funds and has assets under management of around €3bn.

Its array of vehicles includes four funds-of-funds: Fondo di Fondi di Private Equity (FOF PE); FOF Private Equity Italia (FOF PE Italia); Fondo di Fondi di Private Debt (FOF PD), and FOF Private Debt Italia (FOF PD Italia). The four vehicles have invested in 36 funds so far, financing the growth of 300 Italian companies with aggregate revenues of €30bn.

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