we receive e we publish the following press release issued by Intesa San Paolo.
Intesa Sanpaolo successfully concluded the closing of Private Debt Fund of the Group, reaching collections of approximately 156 million euros, above the declared target of 150 million euros.
The fund, established by Eurizon Capital Real Assets, is supported directly by Intesa Sanpaolo and Intesa Sanpaolo Vita in consideration of the strategic relevance of the initiative and its centrality within the 2022-2025 Business Plan.
Closing involves major institutional investors of strategic value. In particular, the Fund is supported, among others, by Cassa Depositi e Prestiti (CDP), Fondo Italiano di Investimento through the funds FOF Private Debt Italia and FII Private Debt Italia Due and Inarcassa, which intervene as Cornerstone Investor. Furthermore, other key investors participate, including BPER Corporate & Investment Banking.
Il Private Debt market continues to grow and reached approximately $2023 billion in assets under management in Europe in 500. ECRA Private Debt Fund is characterized by the high level of innovation of the operating model, focused on the synergistic collaboration of the Asset Management, Banca dei Territori and IMI Corporate & Investment Banking Divisions. In particular, the Fund aims to invest for 50% in corporate clients of the Banca dei Territori Division, in co-lending on operations structured by the IMI Corporate & Investment Banking Division and for the remaining 50% in market operations according to the typical co-investment model of Eurizon Capital Real Asset.
Eurizon Capital Real Assets, which manages over 10 billion in investments in private markets1, further enriches its offering with the first direct investment product in Private Debt. The Fund is classified pursuant to art. 8 pursuant to the SFDR Regulation. The Banca dei Territori and IMI Corporate & Investment Banking Divisions of Intesa Sanpaolo strengthen their positioning in support of Italian SMEs and Mid Caps with increasingly advanced forms of finance, accompanying their development, internationalisation, generational turnover and sustainable transition processes .
The. have already been decided the Fund's first two investments which will support two Italian companies in their respective industrial growth paths. In particular, the first operation concerns the financing of an Italian group operating in the sector of design, production and sale of special components for the transport, telecommunications and automation sectors; the second operation will support an Italian group that is an international leader in the production of dosing systems for the water treatment, plant engineering and detergent sectors.
In consideration of the interest registered by various institutional investors, the Intesa Sanpaolo Group has decided to continue collecting the fund with the aim of reaching the hard cap of 200 million euros.
