Clessidra sgr will manage its third fund with a renewed management team, MF-Milano Finanza writes today. Clessidra sgr will actually start fundraising for its third private equity fund in H2 2014 target one billion euros of committements (see here a previous post of BeBeez).
After senior partner Alessandro Grimaldi left at the end of last year, another senior partner, Giuseppe Turri, is leaving. Mr. Turri however will stay as a board member of the management company and will be a senior advisor. For two left senior partners, two new young partners have been appointed: Simone Cucchetti and Marco Carotenuto. Last April Francesco Trapani (former ceo of Bulgari) joined the team as an operating partner and vice executive chairman, while in 2013 former Alitalia ceo, Rocco Sabelli, joined too as an operating partner.
Founded by Claudio Sposito, Clessidra sgr is the biggest Italian player in private equity sector, if you think that the other big Italian-led firm, Investindustrial, is now more and more focused on an European level.
Mr. Sposito started pre-marketing for the new fund and he is in Illionois (USA) in these days in order to test US investors. Clessidra Capital Partners II invested 75 pct of its committed capital till now and is going to make a couple of other investments befor next Autumn.