Euregio+

What Euregio+ does

Euregio Plus SGR S.p.A. (DBA: Euregio+) is an Italian asset management company (Società di Gestione del Risparmio) headquartered in Bolzano, Italy, operating since 2001 as a public-sector-owned regional investment platform. The firm is registered with the Bank of Italy as UCITS manager (no. 29) and AIF manager (no. 43), and is owned 45% by the Autonomous Province of Bolzano, 45% by the Autonomous Province of Trentino, and 10% by Pensplan Centrum S.p.A., operating as an in-house entity for the provincial governments. It manages approximately €770 million in assets under management with 31 employees and holds ISO 9001 quality certification. The company was rebranded in 2026 from PensPlan Invest SGR AG to Euregio Plus SGR AG to reflect an expanded mandate beyond the original PensPlan pension product.

The firm operates a multi-product platform spanning real estate alternative investment funds (FIA Valore Alto Adige-Südtirol for urban regeneration, FIA Energy for photovoltaic under KlimaLand 2040, FIA Turismo for hospitality quality, FIA Housing Sociale Trentino), an SME financing vehicle (FIA Euregio+ PMI, established 2020) for non-listed companies in Trentino-Alto Adige, an open-ended UCITS multi-asset fund (2P Invest Multi Asset, Article 8 SFDR), a long-term individual savings plan (Generation Dynamic PIR), an open pension fund (PensPlan Profi, in partnership with Banca Etica), and a venture capital SICAF (Euregio+ Alpine Venture Capital) including the AlpGIP fund-of-funds (~€29 million) launched with the European Investment Fund. Distribution is conducted through direct institutional sales, authorized intermediaries, an exclusive partnership with Banca Popolare Etica for ethical portfolio products, and the company's multilingual (Italian/German/English) corporate website.

Revenue is generated primarily through recurring management fees on the various AIF and UCITS vehicles, supplemented by performance fees on closed-end funds and fees from tailor-made investment mandates, risk management, and investment advisory services. The go-to-market is sales-led, targeting four primary segments: private investors (pension and ethical products), institutional investors (banks, insurance, pension funds, guarantee consortia), public administration entities (strategic consulting, urban development, infrastructure financing), and SMEs (minibonds, direct lending, venture capital). Geographic focus is regional (Trentino-Alto Adige), with the AlpGIP platform and Alpine VC investments extending the addressable market across the broader EUSALP Alpine region.

Name

Euregio+

Legal name

Euregio Plus SGR S.p.A.

Website

https://euregioplus.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Euregio Plus SGR S.p.A. is a Bolzano-based Italian asset manager owned by the Autonomous Provinces of Bolzano and Trentino, managing approximately €770 million across real estate, SME, venture capital, pension, and ESG funds, serving public administration, institutional, private, and SME clients primarily in the Trentino-Alto Adige region.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

OCIO Providers (Outsourced CIO) (FSAAAGAH)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), ESG Reporting, Disclosure & Regulatory Compliance (SFDR, EU Taxonomy, TCFD/ISSB) (FSAAALAK)

Keywords

• Asset management services
• Alternative investment funds
• UCITS fund management
• Pension fund products
• ESG investment solutions

Headquarters

HQ city

Bolzano

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: Euregio Plus generates revenue through management fees charged on the various investment funds it manages, including AIFs (Alternative Investment Funds) and UCITS funds. The company manages approximately €770 million in assets under management.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Euregio Plus SGR S.p.A. (Euregio+) is an Italian asset management company (Società di Gestione del Risparmio) managing approximately €770 million in assets across a platform of regulated investment funds. The company manages Alternative Investment Funds (AIFs) and UCITS funds covering real estate, renewable energy, tourism, SMEs, pension provision, venture capital, and multi-asset strategies, primarily serving investors in the Trentino-Alto Adige region of Italy. It is registered with the Bank of Italy as UCITS manager (no. 29) and AIF manager (no. 43) and also provides institutional investment advisory, risk management, and tailor-made mandate services.

Product overview

Euregio Plus SGR S.p.A. is an Italian asset management company (SGR) based in Bolzano, operating since 2000 as a reference partner for public and private investors supporting the uniqueness of the Trentino-Alto Adige territory. The company offers a comprehensive platform of financial products including real estate investment funds (FIA), alternative investment funds, mutual funds, pension funds, and venture capital instruments. The core portfolio consists of: real estate funds (Valore Alto Adige-Südtirol for urban regeneration, Energy Alto Adige-Südtirol for renewable energy, Turismo for hospitality, Housing Sociale Trentino for social housing), SME financing fund (PMI), multi-asset fund (2P Invest Multi Asset), PIR long-term savings plan (Generation Dynamic PIR), open pension fund (PensPlan Profi), and venture capital (Alpine Venture Capital SICAF). These are complemented by advisory and mandate services (Tailor Made Mandates, Risk Management, Investment Advisory, Ethical Portfolio Management). The offering is structured as a platform approach with specialized fund products addressing distinct asset classes and investment themes, supported by professional services for institutional and private investors.

Differentiator

Problem solved

Functional benefit

Brands

• FIA Euregio+ Valore Alto Adige-Südtirol: Closed reserved real estate AIF targeting valorization of disused public heritage through urban regeneration and sustainable development projects.
• FIA Euregio+ Energy Alto Adige-Südtirol
• FIA Euregio+ Turismo
• FIA Euregio+ PMI
• Euregio+ Alpine Venture Capital SICAF
• Alpine Growth Investment Platform (AlpGIP)
• Generation Dynamic PIR
• 2P Invest Multi Asset
• PensPlan Profi

Products and services

• FIA Euregio+ Valore Alto Adige-Südtirol
• FIA Euregio+ Energy Alto Adige-Südtirol Closed reserved Italian real estate AIF specializing in renewable energy through the construction and management of photovoltaic plants on public and private lands and rooftops, part of the KlimaLand 2040 climate initiative.
• FIA Euregio+ Turismo Closed reserved Italian real estate AIF aimed at improving the qualitative offering of hotel accommodation in the Trentino-Alto Adige region to close the quality gap with competing Alpine areas, with flexible intervention modes including purchase, shareholdings, usufruct, and sale and leaseback.
• FIA Euregio+ PMI Closed reserved Italian alternative investment fund (10-year duration) that invests collectively in bonds, minibonds, project bonds, loans, and credits to generate income and preserve the real value of fund net assets, targeting non-listed companies in Trentino-Alto Adige.
• Generation Dynamic PIR Open-ended Italian mutual fund for long-term individual savings plans (PIR) under Italian Budget Law 2017, investing primarily in Italian SMEs with particular attention to small caps and the Trentino-Alto Adige region, with annual contribution cap of €40,000 and total ceiling of €200,000.
• 2P Invest Multi Asset Open-ended Italian harmonized multi-compartment mutual fund (UCITS) that promotes environmental and/or social characteristics, investing in companies that practice good governance pursuant to Article 8 of EU SFDR Regulation 2019/2088, with R and I share classes.
• FIA Housing Sociale Trentino Social housing investment fund for the Trentino region focusing on affordable housing initiatives.
• PensPlan Profi Open Pension Fund Open pension fund established by Euregio Plus SGR as part of the PensPlan Project, partnering with Banca Etica for investments with high social and environmental responsibility profiles and life cycle advisory services.
• Euregio+ Alpine Venture Capital SICAF Self-managed closed Italian AIF structured as a fixed-capital investment company (SICAF) supporting start-up growth in the expansion stage, investing at least 60% of assets in high-growth-potential companies in EUSALP (Alpine) regions.
• Mandati Tailor Made (Tailor-Made Mandates) Customized investment mandates tailored to specific client requirements and investment objectives for institutional and professional investors.
• Risk Management Services Risk management advisory and services for institutional investors.
• Investment Advisory Services Professional investment advice and consultancy services.
• Ethical Portfolio Management (GP Etica) Ethical portfolio management lines (GP Etica Moderata and GP Etica Dinamica) selecting issuers based on ESG criteria through negative and positive screening via Etica SGR, distributed in partnership with Banca Popolare Etica.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Banca Popolare EticacoreChannel Partner/ Reseller/ DistributorStrategic partnership for the distribution and advisory services of ethical portfolio management products (GP Etica Moderata and GP Etica Dinamica). Banca Etica handles placement and customer service for these products, which are also linked to the PensPlan Profi pension fund.
• Redstone Digital GmbHcoreImplementation/ SI/ Consulting PartnerExternal consultant for Euregio+ Alpine Venture Capital SICAF, assisting with the efficient implementation of typical venture capital investments in high-growth potential companies.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Azimut Holding: Italian-listed asset management and wealth advisory group distributing UCITS, managed portfolios and alternative funds. Overlaps with Euregio Plus in Italian retail and institutional investor segments, including PIR-style products.
• Eurizon Capital: Intesa Sanpaolo's asset management subsidiary and Italy's largest SGR by AUM, distributing UCITS, ESG and pension funds through the Italian banking network. Direct competitor to Euregio Plus's UCITS, PIR and pension products with much larger scale and distribution reach.
• Amundi SGR: Italian arm of Europe's largest asset manager Amundi, offering UCITS, ETFs, real estate and alternative funds. Comparable as a broad incumbent targeting the same Italian institutional and retail investor base, including ESG/SFDR Article 8 products.
• Anima Holding: Largest Italian-listed asset management group with ~€200bn AUM across UCITS mutual funds, pensions and managed accounts. Comparable as a competing Italian SGR offering multi-asset funds (including ESG) and institutional mandates to the same retail and institutional clients Euregio Plus targets.

Others

• Pensplan Centrum S.p.A. Coordination body of the Pensplan regional pension project and a 10% shareholder of Euregio Plus. Relevant as a related entity rather than a competitor: it channels supplementary pension contributions from Trentino-Alto Adige residents into instruments including PensPlan Profi managed by Euregio Plus.

Emerging players

• Anthilia Capital Partners: Milan-based independent asset manager focused on Italian SME credit, private debt and private equity. Comparable as a similarly sized Italian SGR operating in SME financing and alternative investment funds with regional Italian roots.

Direct peers

• Etica SGR: Italian asset management company (SGR) wholly owned by Banca Popolare Etica, focused exclusively on ethical and ESG-screened funds. Directly comparable to Euregio Plus because Euregio Plus distributes its ethical portfolio lines (GP Etica Moderata and GP Etica Dinamica) through Etica/Banca Etica and both compete in the Italian ethical/SFDR Article 8 segment.
• Arca SGR: Italian asset manager closely tied to the BPER banking group, distributing UCITS funds through Italian banks. Similar structural position to Euregio Plus as a mid-sized Italian SGR distributing funds via bank partners and serving regional institutional clients.
• Finint Investments: Northeast-Italy based asset manager specialized in private debt, private equity, real estate and alternative funds for SMEs. Comparable to Euregio Plus as a regional Italian manager running closed-end private/alternative funds for SMEs and local development.
• Mediolanum Gestione Fondi: Banco Mediolanum's Italian mutual fund arm managing multi-asset UCITS and pension funds for retail and institutional clients. Comparable size and product focus to Euregio Plus's 2P Invest Multi Asset and pension offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/embed/oHxIMAra6gA

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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

M&A

Investments7 records

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

Frequently asked questions about Euregio+