Private debt funds targeting Italian SMEs had invested a total of 406 million euros ar the end of last December 2015 and had raised a total of 923 millions from investors on a 5.5 billion euros target. Of the invested capital, 254 million euros have been invested by partners of the italian Private Equity, Venture Capital and Private Debt Association (AIFI), which are 17 out of a total number of 27 private debt funds targeting Italy. AIdi’s partners also raised 598 million euros from investors of of the 923 millions total.
Those data have been published last Wednesday March 2nd by AIFI in its first report on Private Debt in Italy. The report has been presented by AIFI’s chairman Innocenzo Cipolletta and AIFI’s managing director Anna Gervasoni. This report also takes into account results from the last Report by Politecnico di Milano’s Minibond Observatory, which has been published a few days ago.
The fundriasing data do not count committements by Fondo italiano d’Investimento’s fund of private debt funds, as the Italian government’s sponsored fund can invest in new funds only if those funds have been able to raise capital from third investors too. So at the moment Fondo Italiano had invested a total of 90 million euros, 30 millions each in three funds (Anthilia BIT Parallel managed by Anthilia sgr, Antares AZ1 managed by Futurimpresa sgr and Italian Hybrid Capital Partners managed by RiverRock) while is waiting to deploy other 210 millions in other seven identified funds.
