A statement explains that "the new strategy envisions an expansion of the investment platform through direct and indirect strategies, thanks to the launch of successive generations of existing private equity funds and new projects with high strategic content. The goal is to highlight the distinctive nature of Fondo Italiano d'Investimento as a financial player capable of generating, including through new solutions, a dual return—both market and systemic—through the selection of investments capable of generating positive externalities for the country's economy."
A significant part of the Plan focuses on strengthening strategic production chains. To this end, Fondo Italiano will launch the new 'Strategic Supply Chains' fund, which, with a target of over €1 billion, "is intended to finance the development of high-potential vertical sectors such as energy and energy transition, space and aeronautics, advanced critical materials and rare earths, shipbuilding, and other sectors of critical importance to the country's competitiveness. The aim is to support the creation of industrial champions, reduce supply chain fragmentation, strengthen their economic resilience, and simultaneously foster the creation of skilled employment. Regarding private direct debt solutions, a new fund, 'Flexible Capital,' will be launched, aimed at providing flexible financing instruments (e.g., quasi-equity) to SMEs, complementing other instruments already available in the Fondo Italiano toolkit."
The indirect strategy strengthens support for the growth and development of Italian SMEs, both in private equity (through the FOF PEI III Fund, already fundraising) and private debt (through the FOF PDI III Fund). Particular attention is paid to impact funds and sustainability vehicles, including the FOF Impact II Fund, which aims to direct capital towards projects capable of generating measurable benefits for people, the environment, and local communities. Priority investment areas will include, among others, sustainable agri-food, the circular economy, energy transition technologies, healthcare, and education.
To ensure the effective implementation of the Plan, the plan also includes "strengthening the operational structure of Fondo Italiano, through leaner governance, efficient decision-making processes, the introduction of new specialized sector expertise, and the creation of a cross-functional talent pool for junior profiles capable of responding more effectively to the needs of the investment teams while simultaneously promoting the professional growth of internal resources. All of this is aimed at speeding up execution, increasing the quality of analysis, and ensuring a scalable organizational model consistent with the evolution and growth of the assets managed."
In terms of financial targets, the Plan calls for commissions to grow to over €39 million by 2030, with a total capital commitment of €4,9 billion, thanks in part to the launch of eight funds (five direct and three indirect). Pre-tax profit is expected to exceed €5 million by 2030 (pre-tax profit/commission ratio of 13%), supported by the expansion of the product platform, expansion into new markets, and cost efficiencies. The influx of new resources is also expected, in line with the Fund's increased assets.
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