(Telestock) – Intesa Sanpaolo successfully completed the closing of the Private Debt Fund of the Group reaching a collection of approximately 156 million eurosabove the declared target of 150 million euros. The fund, established by Eurizon Capital Real Assetis directly supported by Intesa Sanpaolo and Intesa Sanpaolo Vita in consideration of the strategic importance of the initiative and its centrality within the 2022-2025 Business Plan.
The closing involves important institutional investors of strategic importance. 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 Investors. Other key investors also participate, including BPER Corporate & Investment Banking.
The market of the Private Debt continues to grow and reached approximately 500 billion dollars of assets under management in 2023 Europe. ECRA Private Debt Fund is characterized by the high level of innovation of its operating model, centered on the synergic collaboration of the Asset Management, Banca dei Territori and IMI Corporate & Investment Banking Divisions. In particular, the Fund aims to invest 50% in corporate clients of the Banca dei Territori Division, in co-lending on operations structured by IMI Corporate & Investment Banking Division and for the remaining 50% in market operations according to the co-investment model typical of Eurizon Capital Real Asset.
Eurizon Capital Real Asset, which manages over 10 billion investments in private markets, further enriches its offering with the first direct investment product in Private Debt. The Fund is classified pursuant to art. 8 pursuant to Regulation SFDR. The Banca dei Territori and IMI Corporate & Investment Banking Divisions of Intesa Sanpaolo are strengthening 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 first two investments of the Fund have already been approved, which will support two businesses Italian in their respective industrial growth paths. In particular, the first operation concerns the financing of a Italian operational group 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 production of dosing systems for the water treatment, plant engineering and detergent sectors.
In view of the interest registered by several investors institutionalthe Intesa Sanpaolo Group has decided to continue raising the fund with the aim of reaching the hard cap of 200 million euros.