Oltre Impact

What Oltre Impact does

Oltre Impact SGR S.p.A. is an Italian impact-investing fund management company (Società di Gestione del Risparmio) registered as a EuVECA manager and headquartered in Milan. Founded in 2006 by Luciano Balbo and Lorenzo Allevi as Italy's first impact-investment fund, the firm has built a multi-vehicle investment platform spanning three successive fund vintages: Oltre I (€8M, 2006, 17 early-stage investments), Oltre II (€43M, 2016, 23 growth-stage investments), and Oltre III (€78M raised toward a €100M target, 2021, classified as an Article 9 fund under SFDR). Across the three vehicles, Oltre has managed over €120M and invested in 45 impact-driven SMEs and startups, completing 13 exits to date.

The firm invests in Italian and European SMEs addressing social and environmental challenges aligned with the UN Sustainable Development Goals, with sector focus spanning healthcare, education, employment, environment, mobility, sustainable tourism, and quality-of-life services. Oltre's investment approach combines capital with operational support through a network of sector advisors, plus a proprietary impact-measurement framework built on Theory of Change, IMP dimensions, and Social Return on Investment (SROI) principles. ESG due diligence is conducted with support from an independent auditing firm at pre-investment, holding, and divestment stages. A distinctive structural feature is that 70% of carried interest on Oltre III is tied to achievement of impact KPIs, aligning management compensation with both financial returns and measurable social/environmental outcomes.

The business model is asset-management-fee based, with revenue derived from management fees on committed/deployed capital across the three fund vehicles plus potential carried interest on exits. Oltre distributes its reserved, closed-end funds through direct relationships with institutional limited partners, primarily the European Investment Fund (FEI), Cassa Depositi e Prestiti (CDP), Banca Intesasanpaolo, and Italian family offices. Oltre III is open only to qualified investors under EuVECA regulations. The firm holds multiple industry certifications (UN PRI signatory, EVPA Data Transparency Label, ESG certification) and is a member of Italian Tech Alliance and AIFI.

Name

Oltre Impact

Legal name

Oltre Impact SGR S.p.A. – Gestore EuVECA

Website

https://oltreimpact.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Oltre Impact is an Italian impact-investing fund manager (SGR/EuVECA) that operates three fund vehicles investing in European SMEs addressing SDG-aligned social and environmental challenges, with Article 9 SFDR classification and carried interest tied to impact KPIs.

Ownership category

akta.pro rank

Product category

Impact Investing Fund Management

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact / ESG Venture Capital (FSANAAAG)

akta.pro secondary industries

ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), SDG / Thematic Sustainable Investment Funds (FSANAJAN)

Keywords

• Impact investing funds
• Venture capital management
• SME growth capital
• Social impact investment
• ESG fund management

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: Management fees charged on assets under management across the Oltre I, Oltre II, and Oltre III fund vehicles.
2. Carried Interest: 70% of carried interest is tied to the achievement of impact KPIs. The share of maximum additional return of 20% allocated to the management team depends 30% on financial return and 70% on portfolio social impact goals.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Oltre Impact manages three closed-end impact investing fund vehicles (Oltre I launched 2006, Oltre II launched 2016, Oltre III launched 2021) that invest equity capital into SMEs and innovative startups addressing SDG-aligned social and environmental challenges in healthcare, education, employment, environment, and quality-of-life services. The funds are reserved for qualified institutional investors and are complemented by in-house impact measurement, ESG due diligence, and ongoing portfolio support services. Across the three vehicles, the firm has deployed over 120M euros into 45 companies and realized 13 exits.

Product overview

Oltre Impact is an Italian impact investing fund manager (SGR SpA – EuVECA) operating as a multi-vehicle investment platform with three distinct funds: Oltre I (2006, 8M€), Oltre II (2016, 43M€), and Oltre III (2021, targeting 100M€). The funds collectively manage over 120M€ across 45+ impact-driven companies. The offering includes not just capital deployment but also comprehensive support services such as impact measurement using a proprietary framework based on Theory of Change, ESG due diligence pre and post-investment, and ongoing portfolio company monitoring. Oltre Impact's funds are classified as Article 9 under SFDR, with 70% of carried interest tied to impact KPI achievement.

Differentiator

Problem solved

Functional benefit

Products and services

• Oltre I Oltre I is Oltre Impact's first closed-end impact investing fund, launched in 2006 with 8 million euros of commitments. It made 17 investments in early-stage impact-driven companies, primarily Italian SMEs, with an average ticket size of 0.5 million euros. The vehicle is reserved for qualified investors.
• Oltre II Oltre II is Oltre Impact's second closed-end impact investing fund, launched in 2016 with 43 million euros of commitments. It made 23 investments in growth-stage impact companies addressing social and environmental challenges, with an average ticket size of 2 million euros. The vehicle is reserved for qualified investors.
• Oltre III Oltre III is Oltre Impact's third closed-end impact investing fund, launched in 2021 with a target of 100 million euros (reached 78 million euros). It is classified as Article 9 under the EU SFDR regulation and focuses on larger SMEs with high development potential in healthcare, education, well-being, tourism, and agriculture. The fund has invested 20 million euros in 8 SMEs within its first 12 months at an average ticket of 5 million euros. Reserved for qualified investors, with 70% of carried interest tied to portfolio impact KPI achievement.

Quantifiable outcome

• 45 impact companies invested across Oltre I and Oltre II
• +4 more outcomes

Named customers16 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Independent Auditing FirmsupportingImplementation/ SI/ Consulting PartnerExternal independent auditing firm that provides ESG certification and assessment at all stages of analysis, investment, and divestment processes.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInit.linkedin.com/company/oltre-impact
• Xx.com/oltreventure

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oltre Impact