Italian Strategic Fund

Italy US$ 6.0 Billion Origin: Non-Commodity

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 2011
Transparency Rating: N/A
View Sovereign Fund Transaction Data
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Firm Investment Style: Mostly Portfolio
Entity Structure: Fund
Population Est.: 60.92 million – 2012

Fund Details

Main Office
PALAZZO BUSCA
C.so Magenta, 71 – 20123 Milano
Tel: 0039 02 46744330

Governance
The FSI has a board of directors.

Summary
The fund will support the growth of Italian strategic companies to compete globally. FSI’s activity is restricted to healthy and profitable Italian businesses, with solid growth prospects, in need of capital injection to enlarge their business and be competitive on a global scale.

Background on Fondo Strategico Italiano
In late July 2011, the government of Italy launched a €4 billion state-backed strategic development sovereign wealth fund. The fund’s purpose is to invest in strategic Italian companies and assets. It is named Fondo Strategico Italiano or the Italian Strategic Fund.

The initial capitalization was totaled to be €1 billion. 90% contributed by Cassa Depositi e Prestiti (CDP) and 10% from Fintecna. The CDP is ready to inject a total amount of €4 billion.