Italy’s private equity Quadrivio Group is launching a new fund with a 400 million euros target called the Silver Economy Fund (see the press release here).
The new vehicle will invest in European and US companies that offer tailored products and services to all age groups ranging from baby boomers to over 70s, providing them with the capital needed to accelerate their growth and development. In particular, it will focus on: prevention, understood as the set of all initiatives functional to the physical well-being of the individual, starting from functional nutrition and preventive medicine to get to anti-aging and fitness treatments; better quality of life, achievable by allocating more time to recreational activities and the acquisition of new skills; advanced home care, which instead includes all those initiatives aimed at ensuring autonomy and independence for older age groups, through access to a caregiver network, offering mobility solutions, highly specialized clinical and diagnostic services or telemedicine; evolution of the health service supply chain, which includes the procurement of all medical products, logistics, the network of pharmacies, medicines and much more.
The fund will be managed by the two founders and managing partners of Quadrivio Group, Alessandro Binello and Walter Ricciotti, as well as by Galeazzo Scarampi from Cairo as team leader and Stefano Malagoli.
The investment choices will be made with the support of an international Strategic Committee, with many years of experience in the reference sector and with complementary skills, composed of Mariuccia Rossini, chairwoman of the Silver Economy Foundation and of Korian Italia; Andrea Rossi, former ceo and general manager of Axa Investments; Paul Irving, chairman of the Milken Institute Center and member of the National Academy of Medicine for Longevity; Eric Marcotulli, ceo of Elysum Health, and Jose Suarez, managing director of Patricia Industries.
The management is also supported by a Scientific Committee, composed of Matteo Bassetti, director of the Infectious Diseases Clinic of the Genoa Polyclinic and Scientific Advisor, and Sara Farnetti, specialist in Internal Medicine and Expert in Medical Functional Nutrition.
Alessandro Binello commented: “Silver Economy Fund intends to invest in companies dedicated to Baby Boomers and Over 70, who need capital and skills to grow, also thanks to the use of new technologies, to digitization, paying great attention to the issue of sustainability. We want to invest and export the best models in the industry, both in Europe and in the United States, with great attention to Italy. ”
Walter Ricciotti added: “We have put together a team made up of professionals with twenty years of experience in Private Equity and experts in the main sectors in which the fund will invest, combining European and American expertise, for a fund that will invest in Italy, in the rest of Europe. and in North America “.
For Alessio Rossi, managing partner of Quadrivio Group, “the Fund’s mission is to invest in companies that turn to the Silver Economy, providing them with the necessary capital to accelerate their growth and development, especially to companies that offer products and services, as well as forms of rehabilitation and health assistance, for the entire over 50 group. I strongly believe that private capital can make a difference today, making these companies stronger and more competitive on a global scale “.
Quadrivio Group manages two other funds: the Made in Italy Fund and the Industry 4.0 Fund, which in May 2020 had raised 200 million euros each, both with a final target of 500 millions (see here a previous article by BeBeez).
The Made in Italy Fund, which invests in Italian SMEs operating in the fashion, food, design and beauty sectors, was launched by Quadrivio Group in a joint venture with Pambianco Strategie d’impresa in October 2018 (see here a previous article by BeBeez) and then the Industry 4.0 fund was launched, dedicated to investments in support of the technological evolution of Italian companies, in particular in the digital transformation of SMEs (see here a previous article by BeBeez). The team of this second fund, in addition to Binello and Ricciotti, includes managing partner Roberto Crapelli, former chairman and ceo of Roland Berger Italy and with over 20 years of experience in strategic consulting and more recently in Industry 4.0 projects in Italy and Germany; and investment director Pietro Paparoni, flanked by a group of analysts. Industry 4.0 is supported by Confindustria Young Entrepreneurs, led by Alessio Rossi.