(Finance) – The Group Azimuth announces the second closing of the senior private debt fund Azimut Diversified Corporate Credit ESG-8 SCSp RAIF, dedicated to supporting the growth and development plans of Italian SMEs and Small/Mid-Caps that promotes environmental and social characteristics pursuant to Article 8 of the Financial Services Sustainability Disclosure Regulation (SFDR).
With this second round of fundraising by new Italian institutional investors, the Fund’s endowment reaches a total of 161 million euros.
The Fund, launched in June, has already concluded three investment operations in favor of as many Italian SMEs for over 13 million euros. In some cases the Fund acted as an anchor investor, joining other financiers and thus bringing the total disbursed to these first three companies to 27 million euros.
Thanks to the high origination capabilities within the Azimut Group, the Fund is currently examining new bond and loan operations with several additional Italian companies. The investment team, which works in synergy with the Group’s internal analysts and local financial consultants, provides strategic and personalized support to entrepreneurs, guaranteeing a streamlined, efficient and fast selection and analysis process.
Particular attention is paid to companies that comply with ESG principles: the Fund’s objective is to invest at least 80% of the portfolio in companies that satisfy certain “responsible investment strategy” criteria and that adopt good governance practices.
The Fund is garnering interest from several new ones subscribers institutional and expects a new closing by spring 2025.