What Consilium SGR pA does

Consilium SGR p.A. is an independent Italian private equity asset management company headquartered in Milan, founded in 2001 by Antonio Glorioso and Stefano Iamoni, both formerly of Kairos Partners. The firm is registered as an Alternative Investment Fund Manager under TUF art. 35, Section 82 (Albo No. 82) and operates as a Società di Gestione del Risparmio. Over more than 20 years, Consilium has completed 50+ M&A transactions across acquisitions, divestments, and add-ons, building a track record across five successive fund vintages: KPPEF (€45M, liquidated 2011), CPEF (€151M, in liquidation), CPEF III (€145M, fully liquidated 2025), CPEF IV (€110M, vintage 2020, active), and CAPEF (vintage 2025, active). Aggregate committed capital across funds exceeds €500M.

Consilium's investment strategy targets Italian small and medium enterprises with leading positions in niche markets, export orientation, and demonstrated growth potential. Investments are executed through majority stake acquisitions, often with appropriate financial leverage, as well as capital increases for minority positions to support development plans with clear exit options. The firm employs a lean organizational structure to enable rapid decision-making, and offers competencies spanning private equity, investment banking, strategic consulting, and corporate management. It structures complex transactions and aligns portfolio company management through tailored incentive schemes tied to investment returns. Active portfolio companies include Music Center (musical instrument components), Fonderia Boccacci (foundry), Cela (aerial work platforms), Twin Pack (packaging), Dino Corsini, and Gruppo Manifatture Italiane (luxury footwear).

The firm's revenue model is based on private equity fund management, generating management fees and carried interest from institutional and qualified investor LPs. The firm became a signatory of the United Nations Principles for Responsible Investment (UN PRI) in March 2020, formalizing ESG governance. Distribution is relationship-driven through an extensive proprietary network that sources exclusive, negotiated investment opportunities rather than intermediated deals. The firm is privately held with no parent company, co-led by the two founders, with a senior team of approximately 10 professionals including Partner, Directors, and function heads.

Name

Consilium SGR pA

Legal name

Consilium SGR p.A.

Website

https://consiliumsgr.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

Consilium SGR p.A. is an independent Italian private equity firm managing five closed-end funds (€500M+ aggregate) to invest in majority and minority stakes in Italian SMEs with niche-market leadership, serving institutional and qualified investors with management-fee and carried-interest revenue.

Ownership category

akta.pro rank

Product category

Private Equity Asset Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industry

Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)

Keywords

• Private equity management
• Italian SME investing
• Middle market buyouts
• Alternative asset management
• Fund management services

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Private Equity Fund Management: Generates revenue through management fees and carried interest from fund performance. Consilium manages multiple private equity funds including KPPEF, CPEF, CPEF III, CPEF IV, and CAPEF, targeting Italian SMEs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Consilium SGR p.A. is an independent Italian private equity asset management company that manages closed-end funds investing in the equity capital of Italian SMEs. Through funds KPPEF, CPEF, CPEF III, CPEF IV, and CAPEF (combined size over €500 million), the firm deploys capital via majority-stake buy-outs, leveraged buy-outs, management buy-outs/buy-ins, replacement capital transactions, and capital increases. Beyond capital, Consilium provides portfolio companies with strategic, operational, and financial support, including ESG integration, management incentive alignment, and complex transaction structuring across sectors such as manufacturing, food production, luxury goods, industrial equipment, and packaging.

Product overview

Consilium SGR pA is an independent private equity asset management company that offers investment management services through five distinct private equity funds: KPPEF (€45M, liquidated 2011), CPEF (€151M, in liquidation), CPEF III (€145M, liquidated 2025), CPEF IV (€110M, active), and CAPEF (2025 vintage, active). The company focuses on Italian SMEs, providing investment capital and portfolio company management services including ESG integration, strategic planning, and operational support. The funds invest across various sectors including manufacturing, food production, luxury goods, industrial equipment, and technology companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Kairos Partners Private Equity Fund (KPPEF) Private equity fund with a size of €45 million and vintage year 2001. Liquidated in 2011. Established the firm's first Italian SME investment platform.
• Consilium Private Equity Fund (CPEF) Private equity fund managed by Consilium SGR, with a size of €151 million and vintage year 2006. Currently in liquidation. Invested in Italian SMEs via MBO/MBI/LBO structures.
• Consilium Private Equity Fund III (CPEF III) Private equity fund with a size of €145 million and vintage year 2014. Liquidated in 2025. Executed majority-stake buy-outs and buy-ins in Italian SMEs including Faccin, GMM, Manifattura Riese, Gruppo Manifatture Italiane, Gelit, and Dino Corsini.
• Consilium Private Equity Fund IV (CPEF IV) Active private equity fund with a size of €110 million and vintage year 2020. Currently in investment phase. Acquiring majority stakes in Italian SMEs such as Music Center (musical instrument components), Fonderia Boccacci (foundry), Cela (aerial work platforms), and Twin Pack (packaging).
• Consilium Artisan Private Equity Fund (CAPEF) Private equity fund with vintage year 2025. Currently in investment phase. Focused on artisan and traditional manufacturing sectors. Includes assets transferred from CPEF III via GP-led continuation vehicle transactions.
• Portfolio Companies Management and ESG Integration Service Ongoing management services for portfolio companies including ESG integration, operational support, and strategic development planning. Includes ESG Action Plan development, yearly monitoring, and reporting activities aligned with UN PRI principles adopted in March 2020.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Wise Equity (Wise SGR): Independent Italian PE firm managing multiple mid-market buyout funds targeting Italian SMEs with niche leadership, directly comparable strategy to Consilium's CPEF IV.
• Alto Partners: Italian lower mid-market PE manager focused on SMEs with strong niche positioning, sharing Consilium's target company size and sector approach.
• IGI Private Equity: Milan-based PE manager investing in Italian SMEs with growth and succession themes. Acquired Faccin from Consilium in October 2025, confirming direct overlap in mid-market Italian industrial buyouts.
• Charme Capital Partners: Milan-based PE firm focused on Italian mid-market buyouts and growth investments, with comparable fund size and target sector profile to Consilium.
• Clessidra Capital: Italian mid-market PE manager pursuing buyouts of leading Italian SMEs, directly competing for similar investment opportunities as Consilium.
• Progressio SGR: Italian mid-market PE firm focused on Italian SMEs. Co-invested with Consilium on the Gelit management buy-out in May 2019, evidencing directly comparable strategy, deal size and target profile.
• NB Renaissance: Italian PE firm executing buyouts and growth investments in Italian SMEs across diversified sectors, with fund size and investment style comparable to Consilium.
• Quadrivio Capital Partners: Italian alternative asset manager with PE strategies targeting Italian SMEs and mid-market companies, overlapping with Consilium's mandate and size range.

Broad incumbents

• Investindustrial: Larger Italian/European private investment group with PE operations in mid-market and larger-cap deals. Operates in the same Italian SME/mid-market space but at greater scale and broader geographic reach than Consilium.
• DeA Capital Alternative Funds: Italian alternative asset management platform with PE fund-of-funds and direct investment strategies including Italian SME buyouts, a broader incumbent with overlapping Italian SME exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/consilium-sgr

Compliance1 record

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&A2 records

Investments1 record

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

Frequently asked questions about Consilium SGR pA