Azimut Libera Impresa

What Azimut Libera Impresa does

Azimut Libera Impresa SGR S.p.A. is an Italian alternative asset management company (SGR) authorised under Article 34 of Legislative Decree 58/98 (Albo gestori di FIA, No. 125; ELTIF manager No. 8), headquartered in Milan and operating as a wholly-owned subsidiary of Azimut Holding S.p.A., the Italian-listed independent asset manager. Founded in 2019 (previously known as Futurimpresa SGR), the firm operates an integrated alternative-investment platform serving two distinct end-customers: Italian SMEs and entrepreneurs seeking alternative financing beyond traditional banking, and Italian retail savers (and institutional investors) seeking decorrelated, real-economy exposure. The platform comprises a diversified set of closed-end funds spanning private equity (Demos 1/2), venture capital (Italia 500, ALIcrowd I/II/III), private debt (Antares AZ I, Digital Lending I/II/III), infrastructure and real assets (Fondo Infrastrutture per la Crescita – ESG, UniCenter JV), alternative credit (AZ RAIF I performing/NPA securitisation, OASIS/Ophelia), and global PE via a fund-of-funds (GlobALInvest with Hamilton Lane), distributed principally through Azimut Holding's national financial-advisor network with €5,000 minimums on retail ELTIFs. The firm monetises primarily through recurring management fees on AUM and performance/carry fees on successful exits – as illustrated by the Pharmanutra IPO Club outcome and a portfolio that spans Itaca/Savio, Lima Corporate, De Cecco, Italcer, Nutkao, IAF Network, Unidata and others across LBO, mezzanine, corporate debt and growth tickets of €5-€60M.

The underlying technology stack is a traditional fund-administration, investor reporting and subscription platform; no proprietary software product, public API, or AI/ML pipeline is disclosed. Distribution and origination are the principal assets: the Azimut advisor network in Italy for retail capital, and a curated ecosystem of strategic partners (Hamilton Lane, Peninsula Capital, P101, Mamacrowd, Gellify, Electa Group, Antares, Unidata) that supply deal flow, white-label fund wrappers and co-investment capability, enabling the firm to scale fund vintages without proportionate headcount growth.

Name

Azimut Libera Impresa

Legal name

Azimut Libera Impresa SGR S.p.A.

Website

https://www.azimutliberaimpresa.it

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Azimut Libera Impresa SGR S.p.A. is a Milan-based, Azimut Holding-owned Italian alternative asset manager running a multi-strategy platform of closed-end funds (PE, VC, private debt, infrastructure, alternative credit) that channels retail and institutional capital into Italian SMEs and real-economy assets via ELTIF, RAIF and PIR-compliant vehicles distributed through Azimut's financial-advisor network.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industries

Values-Based/ESG & Impact-Focused RIAs (FSAAACAK), ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Alternative asset management
• Private equity funds
• Venture capital funds
• Private debt investments
• Infrastructure investments

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices2 records

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: Azimut Libera Impresa SGR generates revenue through management fees charged on assets under management across its various fund products, including closed-end funds, ELTIFs, RAIFs, and other alternative investment vehicles. Fees are typically calculated as a percentage of committed capital or NAV.
2. Performance Fees: The SGR earns performance fees (carry) on successful investments and realizations within its managed funds, particularly in private equity and venture capital products where value creation is a key objective.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Azimut Libera Impresa SGR S.p.A. is an Italian fund management company (Società di Gestione del Risparmio) that manages a diversified suite of alternative investment funds spanning private equity, venture capital, private debt, and infrastructure/real assets. It operates an integrated platform connecting Italian SMEs and entrepreneurs seeking alternative financing with retail and institutional investors seeking exposure to the real economy, channeling capital from savers into growth-stage Italian businesses.

Product overview

Azimut Libera Impresa is an integrated platform of investment products and services dedicated to entrepreneurs/PMIs and investors/savers, designed to channel liquidity into the real economy. The company offers a comprehensive portfolio of alternative investment funds spanning Private Equity, Venture Capital, Private Debt, and Infrastructure/Real Assets. The product architecture includes Non-Reserved Closed Funds (retail-accessible ELTIF products like AZIMUT ELTIF Digital Lending, ALIcrowd venture capital funds, Demos 1, Italia 500), Reserved Closed Funds (institutional products like IXC3, Demos 2, Digitech Fund, Infrastructure Fund, GlobalInvest), and Open Reserved Funds (RAIF structures for alternative credit). Key partnerships include Mamacrowd for crowdfunding/venture capital, P101 for Italia 500, Peninsula Capital for international private equity, Gellify for technology investments, and Hamilton Lane for global private equity exposure.

Differentiator

Problem solved

Functional benefit

Brands

• AZ RAIF I – Absolute Performing Assets: Luxembourg-domiciled RAIF fund compartment dedicated to alternative credit investments structured through private securitization programs.
• AZ RAIF I – Absolute Non-Performing Assets
• AZIMUT ELTIF - Private Debt Digital Lending III
• AZIMUT ELTIF - Venture Capital ALIcrowd III
• AZIMUT ELTIF - Infrastructure & Real Assets ESG
• AZIMUT DIGITECH FUND
• Fondo Infrastrutture per la Crescita - ESG
• AZIMUT DEMOS 1
• AZIMUT DEMOS 2
• ITALIA 500
• FONDO IPOCLUB
• FONDO ANTARES AZ I
• GlobALInvest

Products and services

• Azimut Demos 1
• Azimut Demos 2
• Italia 500
• Fondo IPOClub Innovative closed-end alternative investment fund for professional and non-professional investors in private equity, investing in Pre-Booking Companies, existing SPACs, and direct capital in companies to be listed on stock exchanges.
• AZIMUT ELTIF - Private Debt Digital Lending III Third digital lending product from Azimut investing in loans to Italian SMEs through fintech platforms (peer-to-peer business credit and invoice finance), with 80% guaranteed by the Italian Ministry of Economic Development. PIR Alternative compliant.
• AZIMUT ELTIF - Venture Capital ALIcrowd III Third venture capital fund under the ALIcrowd brand, developed in partnership with Mamacrowd, investing in startups and innovative SMEs in Italy's digital and industrial sectors.
• AZIMUT ELTIF - Private Equity Valsabbina Private equity fund investing in Italian SMEs primarily in Lombardy and Veneto regions, leveraging Azimut Libera Impresa's established investment processes.
• AZIMUT ELTIF - Private Debt Digital Lending II Second private debt digital lending fund acting as a 'synthetic bank,' bridging private savings with SME financing needs through partnerships with European fintech platforms.
• AZIMUT ELTIF - ALIcrowd First venture capital fund in the ALIcrowd series, in partnership with Mamacrowd, providing retail investors access to Italian startup and SME investments in Seed, Early Stage, and Late Stage phases.
• AZIMUT ELTIF - Digital Lending First private debt fund operating on corporate lending and digital factoring strategies through Italian fintech platforms, offering Alternative PIR tax benefits.
• AZIMUT ELTIF Ophelia First compartment of the AZIMUT ELTIF Luxembourg fund, focusing on private equity investments in Italian SMEs with growth potential.
• Fondo Imprese per la Crescita 3 (IXC3) PIR-compliant private equity fund dedicated to institutional investors, focusing on high-potential Italian companies in strategic sectors aligned with current megatrends, with ESG integration throughout the investment process.
• AZ RAIF II - Private Equity Peninsula Reserved alternative investment fund in partnership with Peninsula Capital LLP, providing institutional-quality private equity access to retail investors for major international operations.
• Azimut Digitech Fund Reserved closed-end fund investing in B2B software startups and innovative SMEs in ICT, IoT/Industry 4.0, AI, Blockchain, and Cybersecurity sectors, developed in partnership with Gellify Group.
• Fondo Infrastrutture per la Crescita - ESG Italian unlisted real estate alternative investment fund reserved for institutional investors, investing in social infrastructure with ESG approach aligned with UN SDGs, generating positive economic, environmental, and social impact.
• GlobalInvest Global private equity fund of funds developed in partnership with Hamilton Lane, offering Italian investors access to secondary market, co-investment, and primary private equity funds with global geographic exposure.
• Fondo Antares AZ I Closed-end alternative investment fund reserved for qualified investors in private debt asset class, investing in various debt instruments issued by Italian SMEs for support, consolidation, and development of business activities. €130 million in managed assets.
• AZ RAIF I - Absolute Performing Assets Luxembourg RAIF compartment investing in alternative performing credit through private securitization programs, targeting niche segments of the alternative credit sector with favorable risk-return profiles and low correlation.
• AZ RAIF I - Absolute Non-Performing Assets Luxembourg RAIF compartment investing in private non-performing asset securitization programs, offering exposure to NPA segments with favorable risk-return profiles and diversification benefits.
• AZIMUT ELTIF - Infrastructure & Real Assets ESG First ELTIF PIR compliant fund of the Azimut Group investing in Italian SME infrastructure.

Quantifiable outcome

• First closed-end retail PE fund in the world with €350M committed capital
• +2 more outcomes

Named customers16 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Unidata S.p.A.coreStrategic or Co-development Partner · 1 April 2026Joint venture to create UniCenter S.p.A. for developing a 20MW green Tier IV data center in Rome with €57M investment (€51.3M from Azimut Infrastructure for Growth ESG Fund, €5.7M from Unidata). Unidata retains 25% ownership and full operational management.
• MamacrowdcoreChannel Partner/ Reseller/ DistributorStrategic partnership with Mamacrowd, a leading Italian crowdfunding platform, to distribute the ALICrowd venture capital products (ALICrowd I, II, III). Mamacrowd provides deal sourcing and investor network for retail-focused venture capital investments in Italian startups and SMEs.
• Hamilton Lane Advisors L.L.C.coreStrategic or Co-development PartnerExclusive partnership with Hamilton Lane ($450B+ AUM global PE specialist) to offer GlobALInvest, the first Italian fund-of-funds providing access to global private equity strategies including secondary market, co-investments, and top-tier PE funds traditionally reserved for institutions.
• Peninsula Capital Advisors LLPcoreStrategic or Co-development PartnerPartnership with Peninsula Capital for AZ RAIF II - Private Equity Peninsula fund, enabling access to large international private equity transactions typically reserved for institutional investors.
• Gellify GroupminorStrategic or Co-development PartnerPartnership with Gellify Group for Azimut Digitech Fund, investing in B2B software startups in IoT, AI, Blockchain, and Cybersecurity sectors. Gellify provides innovation platform connecting tech startups with traditional companies.
• P101 SGRcoreStrategic or Co-development PartnerPartnership with P101, a leading Italian VC firm, to create Italia 500 - the first retail venture capital fund in Italy, targeting digital startups and innovative SMEs with minimum €5,000 investment.
• Electa GroupminorStrategic or Co-development PartnerPartnership with Electa Group (pioneer of pre-booking company structure in Italy) for IPO Club fund, enabling investments in companies preparing for stock market listing.
• Antares Investment Team (Gabriele Casati, Stefano Romiti, Alberto Arrotta)coreStrategic or Co-development PartnerKey person partnership with Antares team for Fondo Antares AZ I private debt fund with €130M in managed assets, investing in debt instruments issued by Italian SMEs.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Wise Equity: Italian mid-market PE firm operating buyout and growth funds targeting Italian SMEs, overlapping directly with Demos and Azimut's mid-market investment focus.
• Hamilton Lane: $450B+ AUM global private equity specialist partnering with Azimut on GlobALInvest FoF. Comparable as a competing fund-of-funds/private markets platform with deep global LP relationships.
• DeA Capital Alternative Funds SGR: Leading Italian PE/VC SGR managing both private equity and venture capital funds across retail and institutional channels. Most direct competitor in Italian SME buyouts and retail-accessible alternative fund structures.
• Investindustrial: European mid-market PE manager with significant Italian SME activity through private equity and private debt funds. Competes for Italian buyout opportunities and institutional limited partner allocations.
• Clessidra Private Equity: Italian PE house focused on mid-market buyouts of Italian companies, typically targeting the same €30-250M revenue SME segment. Direct competitor for both deals and LP capital.
• Peninsula Capital: Global mid-market PE firm that partners with Azimut on AZ RAIF II. Comparable as a GP in international PE transactions targeting institutional and high-net-worth investors.

Broad incumbents

• Eurizon Capital (Intesa Sanpaolo): Asset management arm of Intesa Sanpaolo with €370B+ AUM. Competes for Italian retail and institutional capital through a growing alternative-asset product range including PIR-eligible funds.
• Azimut Holding: Parent company and Italy's largest independent asset manager. Direct comparable on distribution scale and alternative-product platform overlap, but operates across traditional wealth management plus alternatives rather than specializing in SGR retail alternatives.
• Anima Holding: Italy's largest independent asset manager after Azimut with €190B+ AUM. Competes for retail savings through funds that increasingly include alternative sleeves, making it an adjacent peer in retail distribution.

Regional players

• Mandarin Capital Partners: Italian-controlled PE firm with cross-border Europe-China focus, operating mid-market buyout funds. Comparable in fund size and Italian SME sourcing, though with distinct cross-border positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/azimutliberaimpresa

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments27 records

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

Frequently asked questions about Azimut Libera Impresa