Quaestio Capital Management

Name

Quaestio Capital Management

Legal name

Quaestio Capital SGR S.p.A.

Website

https://quaestiocapital.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)

akta.pro secondary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

Keywords

• Asset management
• UCITS funds
• Alternative investment funds
• Portfolio management
• ESG investing

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Collective Asset Management (UCITS & AIF): Management fees from UCITS funds (QSF, QIF) and Alternative Investment Funds (QAF, Quaestio Italian Growth Fund, Quaestio Private Markets Fund) structured as umbrella funds under Luxembourg and Italian law
2. Individual Asset Management: Individual portfolio management services for institutional clients

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Quaestio Capital Management is an independent Italian asset management company that provides active investment management through UCITS V-compliant umbrella funds (QSF, QIF) and Alternative Investment Funds (QAF, Quaestio Italian Growth Fund, Quaestio Private Markets Funds), alongside individual portfolio management services for institutional clients. The firm manages over €17 billion across equities, fixed income, multi-asset, and total return strategies, with integrated ESG/SRI assessment and a modular tailor-made solutions platform developed since 2013.

Product overview

Quaestio Capital Management offers a diversified range of investment solutions through multiple fund structures. The core offering consists of UCITS funds (QSF and QIF - Luxembourg-domiciled umbrella funds compliant with UCITS V) and Alternative Investment Funds (QAF - Luxembourg AIF, Quaestio Italian Growth Fund - Italian closed-end AIF, and Quaestio Private Markets Funds - Luxembourg closed-end AIF). The QSF umbrella contains equity sub-funds (Global Best Equity, European Best Equity, Principi di Investimento Cattolici), fixed income products (European High Yield Bond), multi-asset solutions (Multi Asset Conservative), and cash management (Global Enhanced Cash). The QAF includes alternative strategies such as Insurance Linked Securities. All products are targeted primarily at institutional investors, with some UCITS classes also available to retail investors through specific distributors.

Differentiator

Problem solved

Functional benefit

Products and services

• QSF (Quaestio Solutions Funds) UCITS V-compliant umbrella fund under Luxembourg law with sub-funds covering global and European equities, European high yield bonds, multi-asset conservative strategies, enhanced cash, and Catholic investment principles; available through authorized Italian distributors and direct institutional channels.
• QIF (Quaestio International Funds) UCITS V-compliant umbrella fund under Luxembourg law reserved for professional investors.
• QAF (Quaestio Alternative Funds) Alternative Investment Fund umbrella structure under Luxembourg law reserved for professional investors, including insurance-linked securities strategies.
• Quaestio Italian Growth Fund Closed-end alternative investment fund established under Italian law reserved to professional investors, focused on Italian growth investments.
• Quaestio Private Markets Funds Closed-end alternative investment fund under Luxembourg law reserved for professional investors, providing access to private markets opportunities.
• Quaestio Global Best Equity Sub-fund of QSF, UCITS under Luxembourg Law, focused on global equity investments.
• Quaestio European Best Equity Sub-fund of QSF, UCITS under Luxembourg Law, focused on European equity investments.
• Quaestio Principi di Investimento Cattolici Sub-fund of QSF, UCITS under Luxembourg Law, designed for Catholic investment principles.
• Quaestio Global Enhanced Cash Sub-fund of QSF, UCITS under Luxembourg Law, designed for enhanced cash management.
• Quaestio European High Yield Bond Sub-fund of QSF, UCITS under Luxembourg Law, focused on European high yield bonds with the objective of providing a maximum total return.
• Quaestio Multi Asset Conservative Sub-fund of QSF, UCITS under Luxembourg Law, offering a conservative multi-asset strategy.
• Quaestio Insurance Linked Securities (ILS) Sub-fund of QAF, AIF under Luxembourg law reserved for professional investors, focused on insurance-linked securities.
• Individual Asset Management Services Individual portfolio management services provided by Quaestio SGR for institutional clients.

Quantifiable outcome

• Over €17 billion assets under management as of 31.12.2025

Named customers10 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

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Climate Action 100+coreOthersActive member of Climate Action 100+ initiative, an investor engagement initiative on climate change
• Carbon Disclosure Project (CDP)coreOthersActive member of CDP, supporting disclosure of environmental impact information
• United Nations Principles for Responsible Investment (UN PRI)coreOthersSignatory since June 2020 to PRI, committing to apply and promote the Principles for Responsible Investment and SDGs
• MSCI ESGcoreTechnology or IntegrationPartnership for ESG data provision and sustainability assessment, used for watch-list development and SRI analysis
• Etica SGRminorStrategic or Co-development PartnerPartnership established in 2016 for SRI policy collaboration under comply-or-explain approach
• DeA Capital Alternative Funds SGR S.p.A.minorStrategic or Co-development PartnerInvestment Advisor for QAF, providing advice to specific pool of assets

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Emerging players

• Muzinich & Co. Specialist fixed income and private credit manager, particularly in European and US high yield. A delegated manager in Quaestio's QSF pool; comparable in its high-yield credit focus and institutional distribution model.

Broad incumbents

• Amundi: Europe's largest asset manager with extensive UCITS, AIF and ESG offerings distributed through retail and institutional channels including Italian banks. Comparable as a broad incumbent that competes for the same Italian institutional and retail flows as Quaestio.
• BlackRock: World's largest asset manager with deep UCITS, ETF and ESG capabilities, serving European institutional and Italian retail clients. Comparable as the dominant broad incumbent competing for the same institutional ESG and active mandates.
• Neuberger Berman: Global private, independent asset manager with private markets, equity and fixed income capabilities; a delegated manager for Quaestio's QAF pool. Comparable as a large independent incumbent with overlap in alternatives and institutional mandates.
• PIMCO: Global fixed income asset manager that also serves as a delegated portfolio manager for Quaestio's QSF pool. Comparable as a fixed-income-focused incumbent that competes for institutional fixed income and multi-asset mandates.
• Schroders: Global active asset manager with strong European institutional footprint and ESG capabilities. Comparable as a large incumbent that also acts as a delegated manager inside Quaestio's QSF pool (Asia Pacific ex-Japan equities mandate).

Direct peers

• Etica SGR: Italian SRI specialist AM focused exclusively on ESG/sustainable funds. Direct comparable to Quaestio's ESG-led positioning, and a long-standing SRI collaboration partner of Quaestio since 2016.
• Eurizon Capital SGR: Italian asset manager (subsidiary of Intesa Sanpaolo) offering UCITS and AIF products across equities, fixed income, multi-asset and ESG strategies, and one of the leading delegates into Quaestio's QAF pool. Most directly comparable Italian institutional/retail AM with overlapping product shelf and distribution model.
• Arca Fondi SGR: Italian asset management company distributing UCITS funds primarily through Italian bank networks (e.g., Banca Popolare di Vicenza legacy channel and other distributors). Comparable to Quaestio in target customer (Italian retail via banks) and UCITS product mix.
• Anima SGR: Independent Italian asset manager (Anima Holding) offering UCITS funds, AIFs, and individual portfolio management, with strong bank-channel distribution. Closest direct competitor to Quaestio in Italian UCITS/AIF and individual mandate space, and also a delegated manager inside Quaestio's QSF pool.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Quaestio Capital Management