Italian private equity firm Clessidra Private Equity has appointed Societe Generale Securities Services (SGSS) as its depositary bank for a new fund.
Clessidra announced the first close of fund raising for the Capital Partners 4 fund at around €270 million earlier this week.
Investors include Cassa Forense and Fondo Italiano d’Investimento.
Clessidra invests in mid-market Italian companies with around €2.8 billion of assets under management and is indirectly controlled by Italmobiliare SpA, an Italian investment holding company held by the Pesenti family.
The firm aims to raise a total of €500 million, with the next round of fund raising focusing on Italian and international institutional investors.
Marco Mosca, head of coverage, marketing and solutions at SGSS, said the appointment confirmed SGSS’s commitment to alternative funds, which are a “pillar of our strategy”.
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