The European Investment Fund (EIF) and Springrowth SGR SpA has signed an agreement to subscribe €50m in the Fondo di credito diversificato per le imprese (Diversified Enterprises Credit Fund).
Diversified Enterprises Credit Fund is an alternative investment fund (closed-end alternative investment fund, reserved for professional investors) registered in Italy, with a fundraising target of €500m.
Pursuing a strategy focused on risk mitigation based on significant portfolio diversification, the vehicle aims to originate at least 100 investments both medium to long-term loans, and corporate bonds (including mini-bonds) with a focus on Italian SMEs.
Founded in 2016 and based in Milan, Springrowth is an independent asset management company led by Massimo Di Carlo, CEO, Alfonso Querejeta, Chairman, Gianluca Oricchio, Alessandro Ravogli, and Carlo Bonomi.
FinSMEs
28/07/2017