Press Releases

Fundraising of Equita Private Debt Fund II continues and reaches Euro 131.5 million of total commitments

  • New investors in EPD II, including a leading Italian insurance company and a major Italian pension fund, join the commitment of Fondo Italiano d’Investimento and the European Investment Fund signed last September 2020
  • Equita confirms its fundraising target of Euro 200 million

Milan, 16 March 2021

Equita, the leading Italian independent investment bank, today announced an additional closing of Equita Private Debt Fund II (the “Fund” or “EPD II”), the PIR compliant Italian closed-end fund managed by Equita Capital SGR.

The new phase of EPD II’s fundraising closed with Euro 31.5 million of commitments and involved four institutional investors, including a leading Italian insurance company and a major domestic pension fund. New investors’ commitments added to the Euro 100 million raised in September 2020, allowing Equita to confirm EPD II’s target of Euro 200 million (Euro 250 million hard cap).

Andrea Vismara, Chief Executive Officer at Equita, commented: “We are pleased that additional outstanding investors, including a major pension fund, have chosen to invest in our initiative, taking us closer to our set target of Euro 200 million. These new commitments strengthen the investor base of our second private debt fund and prove that private debt is an attractive asset class”.

In addition to the fundraising, Equita continues its deal sourcing. The team has already identified three new, potential investments that could further accelerate the capital deployment of EPD II over the course of 2021, with significant benefits in terms of returns for investors. To date – six months after the first closing – EPD II has already completed four investments (Euro 42 million, 32% of current commitments) with an expected gross return of 10%, and this confirms Equita’s strong position in the private debt market and the team’s ability to identify and successfully execute investments, also in a challenging environment.

 

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