Italian banks and insurance companies supported around 45% of the funding, while family-owned businesses contributed around 35%


Nextalia closes private equity fund. (Credit: martaposemuckel from Pixabay.)

Italy-based asset management firm Nextalia has secured more than €500m in the first closing of its new private equity fund, dubbed Nextalia Private Equity.

The company aims to raise equity commitments worth €800m in the first half of 2022.

The first closing of the Nextalia Private Equity fund was completed within two months following Consob (Commissione Nazionale per le Società e la Borsa) approval.

Consob is Italy’s government authority responsible for regulating the securities market.

Nextalia Private Equity has attracted a wide range of investors, mostly Italian and private investors, in particular, said the company.

The fund has been supported by more than 15 banks and insurance companies in Italy, representing around 45% of the total commitments.

Various family-owned businesses and entrepreneurs contributed around 35%, and over 10 pension funds and banking foundations funded around 20% of commitments.

Nextalia CEO Francesco Canzonieri said: “The success of our fundraising represents clear evidence of the commitment of our shareholders and investors to contribute to the growth of Italian companies and of our Country as a whole.

“I firmly believe that private equity can act as a key enabler for the growth and success of Italian enterprises, by unleashing resources to invest in acquisitions, human capital and technology.

“We believe Nextalia is uniquely positioned to take advantage of this opportunity thanks to an exclusive network of strong relationships across the business community, a team of highly qualified professionals and an industrial approach to long-term sustainable value creation.”

Nextalia Private Equity is structured with an investment strategy that primarily focuses on majority investments in Italian companies with high growth potential.

According to the company, the fund serves as the reference partner for Italian companies by enabling investments, managerial support and access to its unique network.

Nextalia is an asset management form established with support from Italian institutional investors Intesa Sanpaolo, UnipolSai Assicurazioni, Coldiretti, and Micheli Associati.

The company’s investment team will be further strengthened by a third Investment Director, expected to be appointed in January 2022.

Recently, the company’s Industrial Advisors team has been expanded with the appointment of Bocconi University professor Vincenzo Morabito.