Italian asset management firm Nextalia has raised more than 500 million euros ($564.5 million) in the first close of its newly launched private equity fund focused on mid-market deals in the euro zone’s third-largest economy.
Nextalia, led by former Mediobanca banker Francesco Canzonieri, said on Friday it had raised an overall 563 million euros ($635.51 million) and aims to reach a hard cap of 800 million euros in equity commitments in the first half of 2022.
The fundraising ranks as the biggest first closing for a newly-established private equity firm in Italy where the economy is fast rebounding from the impact of the COVID-19 pandemic thanks to an overall 191.5 billion euros in grants and loans from the EU Recovery Fund.
Read more/Source: Reuters
