It will especially appeal to Italian SMEs, to support their growth, the fund launched by Hourglass Capital Credit SGR who concluded the first phase of collection from 130 million euros, aiming at a target of 250 million euros in the coming months.
Clessidra Private Debt is a reserved closed-end alternative fund which, also through ESG integration, will create a diversified investment portfolio to "finance national companies with high potential, leaders in their reference sector", says a note from the active management in the private capital sector.
Investors include leading Italian institutional entities, among which Italian Investment Fund in the role of cornerstone investor. The next fundraising phases will focus on both Italian and foreign investors and, as has already happened for the other Clessidra funds, Italmobiliare SpA will be the sponsor of the fund.
“We are satisfied with the result achieved so far – he comments Federico Ghizzoni, Chairman of Clessidra Capital Credit SGR – and we are pleased that investors such as the Fondo Italiano d'Investimento believed in the project and in the investment team, supporting us from the very first closing. The interest raised by the various institutional investors lays solid foundations for achieving the final funding objective in the coming months.”
Clessidra Capital Credit will mainly use debt instruments
The Fund – which will invest predominantly through debt instruments – is primarily aimed at entrepreneurs who need finance for support growth of their company, managers who have an entrepreneurial ambition, club deal promoters who want to combine growth capital with shareholder changes and private equity funds who want to use more flexible sources of financing.
“The launch of the private debt fund represents a further step in the expansion and diversification of Clessidra's investment strategy – adds Mario Fera, Chief Executive Officer of Clessidra Capital Credit SGR. – In a market scenario like the current one, alternative finance, and in particular private credit, can play an important and growing role in the development of businesses and Clessidra is ready to play this role”.
The Clessidra Private Debt fund is one of the first funds on the Italian market with a declared ESG commitment and is the ideal tool for selecting Italian companies with growth potential and accompanying them in the creation of value.
“With the Clessidra Private Debt fund we want to respond flexibly to the financial needs of Italian SMEs and we propose ourselves as a financial partner of entrepreneurs and managers with ambitious industrial growth projects – he concludes Robert Hippolytus, Head of the Investment Team and Member of the Investment Committee of Clessidra Private Debt Fund. – The fund is among the first to offer a range of flexible and tailor-made financial products and to financially support companies, favoring the sustainable evolution of business processes.”
