Clessidra SGR, one of the leading management companies in the Italian private equity market, further expands its business scope by entering the bank credits segment, with a specific focus on the Unlikely to Pay receivables. Clessidra seized the opportunity to expand into this market with the launch of a new fund dedicated to institutional investors, the Clessidra Restructuring Fund.

The Clessidra Restructuring Fund (CRF) includes two compartments dedicated respectively to the credits component and the new finance component. The credits compartment features receivables sold by 10 banking and financial groups towards 14 Italian companies, which are currently undergoing a financial and industrial relaunch but with solid fundamentals. The financial institutions contributing their credits include Amco (formerly SGA), BancoBPM, Banca Cremasca e Mantovana, Banco Desio, Credito Padano, BNL, BPER, La Cassa di Ravenna, MPS, and UBI Banca. As for the new finance compartment, Clessidra has raised from an Italian institutional investors’ base the financial resources necessary for the relaunch and development of the companies in its portfolio. Federico Ghizzoni and Giovanni Bossi lead the management team, joined by Massimiliano Fossati, Silvio Longari and Luca Marson.