One year after the launch of the CDP Real Asset instrument, four investments for a market value of more than 130 million euros were finalised
The development of the Italian infrastructure market, the opportunities to be seized and the challenges to be faced were the main topics at FOF Infrastrutture’s Investor Day 2024 promoted by CDP Real Asset SGR, a CDP Group company. The event attracted a broad representation of foundations and pension funds to the Cassa Depositi e Prestiti headquarters for a meeting that was also an opportunity to take stock of the fund of funds’ first year of operation.
The instrument was created with the aim of promoting projects capable of generating positive environmental and social impacts, and since its launch has already subscribed units in four investment funds for over 130 million euros for the development of sustainable infrastructure, with an important multiplier effect for initiatives aimed at fostering the growth of a sector increasingly considered strategic.
The results already achieved and the new opportunities were featured at the meeting opened by Giovanni Gorno Tempini, Chairman of CDP, which was attended by numerous leading representatives of the institutional and financial world, including the managers of the funds in the FOF portfolio, pension funds – already subscribers of FOF Infrastrutture – and foundations. Also speaking at the event were Giancarlo Scotti, CEO of CDP Real Asset SGR, Giorgio Righetti, General Manager of ACRI (Association of Foundations and Savings Banks) and Giovanni Maggi, President of Assofondipensione.
One of the main objectives of the entire CDP Group is creating synergies among various market players, channelling the resources of institutional investors towards infrastructure projects with a positive impact on the real economy and the nation as a whole. FOF Infrastrutture has a collection target of 500 million euros, of which about 315 million has already been subscribed, and aims to deploy more than 50% of the capital by 2024, also thanks to CDP Equity in its role as cornerstone investor and advisor.
This is surely an ambitious goal to pursue, but the FOF’s encouraging results to this point offer a solid foundation to build on: the entry in Sustainable Securities Fund of Alternative Capital Partners SGR and in Equita Green Impact Fund managed by Equita Capital SGR was followed by investments in Equiter Infrastructure II launched by Ersel Asset Management SGR with Equiter, and in EOS Energy Fund II promoted by EOS Investment Management. These are all operations aimed at actively contributing to the development of the Italian infrastructure market as well as consolidating the growth of funds active in the sector, also by supporting asset managers and newly established vehicles.