Italy’s Finanziaria Internazionale Investments Sgr has obtained the mandate to manage the Fondo Strategico del Trentino – Alto Adige, Italy’s northern-east region.
It is a real estate closed-ended fund with a 10-year duration and it is aimed at investors willing to invest in minibonds to broaden access to credit for local SMEs. The fund starts with capital of €200m, of which €75m will be subscribed by Bolzano’s independent province in Trentino – Alto Adige and €50m by Laborfonds pension fund.
Finint Investments Sgr will manage the fund with the advisory support of Banca Popolare dell’Alto Adige, which will act as first credit source for the issuers.
Mauro Sbroggio’ (pictured), CEO of Finint Investmetns Sgr, commented: “This is a first example of collaboration between local banks, pension funds and insurers and public institution, which we hope will expand more in the territory.”