FITEC

What FITEC does

FITEC (Fondo Italiano Tecnologia e Crescita) is the first Italian technology-focused private equity and late-stage venture capital fund, established in 2017 and operated within the fund-of-funds and direct-investment platform of Fondo Italiano d'Investimento SGR S.p.A., alongside its successor FITEC II. The fund targets technology and innovation investments in Italian small and medium enterprises (SMEs), addressing capital gaps for growth, buy-out and expansion financing in domestic tech-enabled businesses.

Fondo Italiano d'Investimento SGR, the regulated asset management company (Società di Gestione del Risparmio) that manages FITEC alongside 20 other closed-end mutual funds, was founded in 2010 at the initiative of Italy's Ministry of Economy and Finance with the participation of CDP Equity, Intesa Sanpaolo, UniCredit, ENPAM Foundation, ENPAIA Foundation, ABI, Banco BPM and BPER Banca. The SGR is enrolled in the Bank of Italy Register of AIF Managers under No. 129 (since 23 July 2014), holds a net equity ratio 1.6x the regulatory requirement, and operates with over 90 professionals across investment, legal, compliance, ESG, risk, and finance functions from its headquarters at Via San Marco 21A, Milan. Across the platform, AUM exceeds €4 billion deployed through 7 investment strategies (Buy-out, Growth capital, Funds of Funds, Co-investments, Private Debt, Secondario, Impact Investing), with 100% of assets raised since 2022 in SFDR Article 8 or 9 funds.

The business model runs on subscription/recurring asset management fees charged on closed-end mutual funds reserved for qualified investors (institutional investors, banks, insurance companies, foundations, and pension funds). Distribution is handled by a dedicated Distribution, Investor Relations & ESG function led by Senior Partner Roberto Travaglino. Portfolio activity in 2025-2026 spans technology (BV Tech, Spindox, Else Solutions via FIPEC), certification (Rina), aviation (Mecaer Aviation Group, jointly with PAI Partners), aerospace/defense (NPO Torino), glass/construction (Isoclima, jointly with The Equity Club) and food/agriculture (Alimenta Produzioni, Santangelo Group, Vetraco), evidencing a B2B2B model of capital deployment into Italian SMEs alongside an institutional LP base.

Name

FITEC

Legal name

Fondo Italiano d'Investimento SGR S.p.A.

Website

https://fondoitaliano.it

Company type

Private

Founded year

2010

Operating status

Operating

Short description

FITEC is Italy's first technology-focused private equity and late-stage venture capital fund, managed by Fondo Italiano d'Investimento SGR — a regulated Italian asset manager backed by the Ministry of Economy and Finance and major banks, deploying over €4 billion across 21 closed-end mutual funds into Italian SMEs through buy-out, growth, debt and impact strategies.

Ownership category

akta.pro rank

Product category

Private Equity / Venture Capital Fund Management

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Equity Buyout Fund-of-Funds (FSANAGAD)

Keywords

• Technology private equity
• Late-stage venture capital
• Growth capital investing
• Closed-end fund management
• Italian SME finance

Headquarters

HQ city

Milan

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, Others, Infrastructure

Revenue model

1. Asset Management Fees: Fondo Italiano generates revenue through management fees charged on the assets under management across its 21 closed-end mutual funds. The funds target Italian SMEs through various strategies including buy-out, growth capital, private debt, and impact investing.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

FITEC is the first Italian technology private equity and late-stage venture capital fund, launched in 2017 and managed under Fondo Italiano d'Investimento SGR. It deploys institutional capital into Italian SMEs in technology and innovation sectors through closed-end fund vehicles (FITEC I and FITEC II), targeting returns aligned with international benchmarks while supporting the growth of Italy's technology productive system.

Product overview

Fondo Italiano d'Investimento SGR is an Italian asset management company managing 21 closed-end mutual funds totaling over €4 billion for qualified investors. The product portfolio includes direct investment funds (FICC I, FICC II, FIAF, FIPEC, FITEC I, FITEC II) and indirect investment funds (Fondi di Fondi, FOF Impact), operating across multiple investment strategies: Private Equity (Buy-out, Growth Capital), Co-investments, Private Debt, Secondario, and Impact Investing. The funds target Italian small and medium enterprises to support their capitalisation and growth.

Differentiator

Problem solved

Functional benefit

Brands

• FII SGR: Abbreviated name for Fondo Italiano d'Investimento SGR S.p.A.

Products and services

• FITEC I First-generation Italian private equity fund focused on technology and innovation investments in Italian SMEs; offered to qualified investors as a closed-end mutual fund within the Fondo Italiano d'Investimento platform.
• FITEC II Second-generation technology-focused private equity fund within the FITEC series; offered to qualified investors as a closed-end mutual fund under Fondo Italiano d'Investimento.

Quantifiable outcome

• Over €4 billion assets under management
• +3 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 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 flagship, strategic, major and supporting.

• PAI PartnersflagshipStrategic or Co-development Partner · 5 May 2026Strategic partnership to support the next phase of growth for Mecaer Aviation Group. Fondo Italiano and PAI Partners will jointly support the aviation company's strategic development.
• The Equity ClubstrategicStrategic or Co-development Partner · 29 December 2025Joint acquisition of Isoclima through FICC II fund, demonstrating co-investment partnership model.
• ESG.IAMA PrivatestrategicStrategic or Co-development Partner · 8 September 2025Strategic partnership in ESG investing, enhancing Fondo Italiano's sustainability capabilities and market positioning.
• LIUC Business SchoolmajorStrategic or Co-development Partner · 29 April 2025Launched Observatory on the Private Capital Secondary Market in collaboration with Terzi & Partners. Fondo Italiano will appoint a permanent member to the Scientific Committee and collaborate on research and content development.
• Terzi & PartnersmajorStrategic or Co-development Partner · 29 April 2025Partner in the Private Capital Secondary Market Observatory initiative. Provides methodological and operational support alongside LIUC Business School.
• AIFI (Italian Private Equity, Venture Capital and Private Debt Association)supportingOthersFondo Italiano is a member of AIFI, the Italian industry association for private capital.
• Fondazione SodalitassupportingOthersMember of Fondazione Sodalitas, promoting corporate social responsibility and sustainability.
• AssonimesupportingOthersMember of Assonime, the Italian association of multinational companies and financial institutions.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Investindustrial: Investindustrial is a pan-European mid-market PE firm with deep Italian roots and buyout/growth strategies, making it one of the closest comparable platforms to Fondo Italiano's diversified Italian PE offering.
• Clessidra SGR: Clessidra is a long-standing Italian mid-market private equity firm, directly comparable to Fondo Italiano as a homegrown SGR that deploys closed-end PE buyout funds into Italian SMEs with institutional capital.
• Hamilton Lane: Hamilton Lane is a leading global private markets investment manager with a strong fund-of-funds and co-investment franchise, directly comparable to Fondo Italiano's FIAF, FIPEC, FOF Impact and Secondario strategies and to its growing international co-investor base.
• HarbourVest Partners: HarbourVest is a global private equity FoF and secondary specialist, directly comparable to Fondo Italiano's FIAF/FIPEC primary FoF and the Fondo Italiano Secondario (FIS) vehicle that raised €215M from international LPs.
• Tamburi Investment Partners: Tip is an Italian listed investment/PE firm focused on mid-market Italian companies and institutional co-investments, sharing Fondo Italiano's SME buyout and growth-capital orientation in the same domestic market.
• DeA Capital Alternative Funds SGR: DeA Capital operates Italian and pan-European PE, private debt and FoF vehicles from Italy, overlapping directly with Fondo Italiano's multi-strategy SGR model and fund-of-funds (FIAF, FIPEC) approach.

Broad incumbents

• KKR: KKR is a global alternatives manager with private equity, private credit and impact strategies active in Italy. It overlaps with Fondo Italiano across buyout, private debt and impact investing but at substantially larger AUM and global reach.
• Partners Group: Partners Group is a Swiss global private markets investment manager running direct PE, credit and secondary strategies. Comparable to Fondo Italiano as a multi-strategy closed-end fund platform, although several times larger in AUM and globally diversified.
• Ardian: Ardian is a large global private markets house with a dedicated FoF and direct PE platform active across Italy. It is comparable to Fondo Italiano on multi-strategy structure and FoF capability, but operates at substantially greater scale and geographic breadth.
• CVC Capital Partners: CVC is a global private equity house with significant Italian mid-market exposure. It competes with Fondo Italiano on larger Italian buyouts and growth deals while operating at much greater scale and across multiple regions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fondo-italiano-d-investimento-sgr/posts/?feedView=all

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments16 records

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

Frequently asked questions about FITEC