Alma LED is consistently sought out by both sponsors and LPs to advise on transactional work across the gamut of the alternative investment management industry’s asset classes. Examples include real estate, private equity, venture capital and private debt, along with credit funds, funds investing in blockchain, direct lending, and impact investment funds. Founding partner Alessandro Corno has significant experience in M&A, asset management, and investment funds and Celeste Cenedesi assists national and international clients with the structuring and setting up of alternative investment schemes for a range of asset classes.
Investment funds in Italy
Alma LED
Practice head(s):
Alessandro Corno
Other key lawyers:
Celeste Cenedesi
Testimonials
‘The team has in-depth expertise in close-end funds and boasts strong relationships with Italian and foreign watchdogs.’
‘Reliability and ability to be reactive to the requests of clients and the authorities.’
‘Fine-tunes activities that need to be done effectively.’
‘Alma has deep legal knowledge of regulatory topics. It also has an important network and a number of relationships that bring a business-level understanding of projects.’
‘Very modern and approachable.’
‘Alessandro Corno and Celeste Cenedesi are great for fund and management companies – really outstanding.’
Key clients
Fondo Italiano d’Investimento SGR S.p.A.
Bravo Capital Partners SA
Indaco Venture Partners SGR S.p.A.
Neuberger Berman Group
Equinox AIFM
European Investment Fund
CdP Venture Capital SGR S.p.A.
Clessidra Capital Credit SGR S.p.A.
Primo Ventures SGR S.p.A.
Quadrivio Group
Pradera Group
Star Capital SGR S.p.A.
European Investment Bank
Equita Capital SGR S.p.A.
Prometeia SIM S.p.A.
Riverrock European Capital Partners LLP
Gatti Pavesi Bianchi Ludovici
With ‘significant expertise in financial markets regulation‘, Gatti Pavesi Bianchi Ludovici‘s investment management and funds team routinely acts for domestic and non-domestic players on fund and investment management matters. The team’s expertise ranges from structuring to fundraising, and the negotiation of funds’ constitutional documents. It also advises on secondary transactions concerning alternative investment funds’ interests. Claudio Saba advises on financial institution-related regulations and investment management. Since publication, Eriprando Guerritore left the firm.
Other key lawyers:
Claudio Saba
Testimonials
‘The team has significant expertise in financial markets regulation and deal structuring.‘
Work highlights
- Assisted Arcano with the structuring and development of its Italian partnership with Kitra.
- Assisted ENPAP with its investment, as sole cornerstone investor, into a pan-European fund of fund platform, which was set up and managed by Step Stone.
- Assisted RedTree Capital with the launch of its Italian closed-ended real estate reserved alternative investment fund, RTC Italy.
Legance - Avvocati Associati
The investment funds team at Legance - Avvocati Associati has an enviable market reputation for fund formation work. The group's assistance covers all asset management sector-related contractual, corporate and regulatory aspects; and the department is particularly active in relation to private equity and venture capital funds, as well as private debt and real estate funds. The practice is co-led by senior partner Enzo Schiavello and Barbara Sancisi, who are 'the most expert advisers in Italy in the fund formation/regulation space'. Also highly regarded, Riccardo Daguati is a collective asset management specialist.
Practice head(s):
Enzo Schiavello; Barbara Sancisi
Other key lawyers:
Riccardo Daguati
Testimonials
‘Barbara Sancisi and Enzo Schiavello are the most expert advisers in Italy in the fund formation/regulation space, and particularly smart during negotiation phases.‘
‘Enzo Schiavello has very strong knowledge of the industry.‘
Key clients
21 Investimenti SGR
a2a
Aksìa Group SGR
Alcedo SGR
Alto Partners SGR
Ares Management
Baker Hughes Capital Solutions
BNP Paribas REIM SGR
Castello SGR
CDP Venture Capital SGR
Chequers Capital
DeA Capital Alternative Funds
DeA Capital Real Estate SGR
Entangled Capital SGR
Equiter
Ersel SGR
Eurizon Capital SGR
European Investment Fund
Fabrica Immobiliare SGR
FIEE SGR – Fondo Italiano Per Efficienza Energetica
First Capital
Fondamental
Fondo Italiano d’Investimento SGR
Forma Fund
Gardant SGR
HAT Orizzonte SGR
HAT SICAF
Invel
ITAGO SGR
Menarini
Morgan Stanley
Nextalia SGR
P101 SGR
Partners Group
Pillarstone
PM&Partners SGR
Prelios SGR
Progressio SGR
Quantyx SIM
Quinta Capital SGR
Sagitta SGR
Sofinnova Partners
Tikehau Investment Management
Torre SGR
Ver Capital SGR
Wise Equity SGR
Work highlights
- Assisted in relation with the structuring, establishment and fundraising of 21 Invest Italy IV, an Italian private equity fund managed by 21 Partners SGR.
- Assisted Wise Equity SGR with the structuring, establishment and marketing, in Italy and abroad, of a private equity fund (Wisequity VI).
- Assisted with the structuring, establishment and marketing, in Italy and abroad, of a fund of funds dedicated to venture capital investments across Europe (to be managed by CDP Venture Capital SGR).
Bird & Bird
Including former officers from the Supervisory Authorities, Bird & Bird‘s banking and financial markets regulation team practice is experienced in UCITS, as well as real estate, credit, and private equity alternative investment funds. The group is jointly headed by financial regulation specialist Raimondo Maggiore, an active adviser to Italian and international asset management companies on structuring real estate and private equity funds; and asset management and financial services expert Rossella Sansone. Sansone and Giovanni Bevilacqua, who assists fund managers with structuring investment products, are 'remarkable for their deep legal expertise'.
Practice head(s):
Raimondo Maggiore; Rossella Sansone
Other key lawyers:
Giovanni Bevilacqua; Giuseppe Strippoli
Testimonials
‘Extremely professional, engaging, and very collaborative to work with.‘
‘The attention to detail and understanding and knowledge of local market practices and requirements are key factors in clients’ continued engagement with Bird & Bird.‘
‘Focused on providing knowledge and solutions for all legal and regulatory requirements.‘
‘Being able to rely on their local knowledge is of significant comfort for clients.‘
‘Fully engaged and collaborative in terms of arriving at the desired solution for all parties, with the upmost of importance given to satisfying all local and regulatory requirements.‘
‘Raimondo Maggiore’s team is a real champion in the investment funds legal market.’
‘Rossella Sansone and Giovanni Bevilacqua are remarkable for their deep legal expertise.‘
‘Clients find the attention to detail, knowledge, professionalism and availability of Giovanni Bevilacqua to be a significant factor. Giovanni, from the outset, takes time to understand and help clients develop their own knowledge and requirements of the local market, while also taking time to understand their own operating models and preferred approach.‘
Key clients
Alternative Capital Partners SGR S.p.A.
Ambienta SGR S.p.A.
Amundi S.G.R.p.A.
Asset Management One International Limited
BCC Risparmio&Previdenza S.G.R.p.A.
BlackRock Group
Columbia Threadneedle Group
CREDEM Private Equity SGR S.p.A.
DeA Capital Real Estate S.G.R.p.A.
Deka Immobilien Investment GmbH
Euromobiliare Asset Management S.G.R. S.p.A.
Europa Risorse S.G.R.p.A.
Fideuram Investimenti S.G.R. S.p.A.
Goldman Sachs Group
illimity Società di Gestione del Risparmio S.p.A.
Invesco Management Group
InvestiRE S.G.R.p.A.
Investitori SGR S.p.A. (Allianz Group)
IQ EQ Fund Management (Ireland) Limited
Kairos Partners S.G.R. S.p.A.
Kryalos S.G.R.p.A.
Mediolanum Gestione Fondi S.G.R.p.A.
M&G International Investment Group
Pictet & Cie (Europe) SA
Polis Fondi S.G.R. S.p.A.
Prelios S.G.R.p.A.
Work highlights
- Assisted InvestiRE SGR S.p.A. with the structuring, set-up and launch of a real estate alternative investment fund.
- Assisted Amundi SGR S.p.A. in relation to the set-up and launch of a private equity alternative investment fund reserved for professional investors.
- Assisted Polis Fondi SGR S.p.A. with the structuring, set-up and launch of an Italian real estate alternative investment fund.
Chiomenti
Chiomenti‘s team routinely advises on the establishment of investment funds, along with transactions involving funds. The practice additionally leverages the expertise of the firm’s banking, insurance, real estate, corporate, tax, and finance departments. The team is jointly led by Vincenzo Troiano, whose wide-ranging practice includes the structuring of investment platforms and products, as well as private equity funds; and Alessandro Portolano, who is a highly-regarded specialist in banking, financial, insurance, payment services, and asset management regulations. Also key to the team are experienced practitioners Felice Azzollini and Flavia Pagnanelli.
Testimonials
‘Great competence and knowledge of the market, business and authorities.‘
‘Vincenzo Troiano’s team is an outstanding performer in the investment funds legal market.‘
‘Flavia Pagnanelli stands out for her legal expertise and commercial sensitivity.‘
‘Flavia Pagnanelli is always available, and has deep knowledge of private equity best practices.‘
Key clients
Prelios SGR
QuattroR SGR
F2i SGR
Lendlease Group
Lendlease Italy SGR
Silver Fir SGR
AEW
Ardian France S.A.
CDP Real Asset SGR
Torre SGR
Savills Investment Management SGR
Investire SGR
Coima SGR
Blackrock
Kervis SGR
Castello SGR
FSI SGR
CDP Venture Capital SGR
Allianz Real Estate S.p.A.
Work highlights
- Assisted the Lendlease Group in relation to the setting up of a reserved real estate alternative investment fund.
- Assisted F2i SGR in relation to the subscription of units (by multiple institutional investors) of a private equity fund focused on investment in Italian infrastructure.
- Advised CDP Real Asset SGR on the extension of its authorisation.
Clifford Chance
In addition to benefiting from its integration with the firm’s regulatory practice, Clifford Chance‘s funds team routinely leverages the expertise of its corporate, banking, finance and tax colleagues. The group is highly experienced in UCITS products, as well as AIFMD investment vehicles for private equity, real estate, and private debt and credit. Lucio Bonavitacola specialises in banking and financial regulations, along with fund-related matters and Alberto Claretta Assandri is an expert in fund formation and regulatory issues. Giorgio Di Stasio and Iolanda D’Anselmo are other key figures to note.
Practice head(s):
Lucio Bonavitacola
Other key lawyers:
Alberto Claretta Assandri; Giorgio Di Stasio; Iolanda D’Anselmo
Testimonials
‘Strong multi-jurisdictional team of investment fund lawyers.‘
Key clients
LaSalle AIFM Europe
F2i SGR S.p.A.
Zencap Asset Management
Kartesia Management
CBRE Investment Management
Generali Real Estate
Cassa Depositi e Prestiti
FIEE SGR
EQUITA Capital SGR
Work highlights
- Advised LaSalle AIFM Europe on the structuring and establishment of an Italian lending platform (dedicated to insurance companies and pension funds).
- Advised on the structuring of a pan-European debit/credit fund.
- Assisting with the Italian authorisation procedure to obtain the required permit to engage in lending business (through three different French funds).
CMS
Advising throughout the lifecycle of funds, CMS‘ Italian practice covers fund formation, regulatory and transactional work. The group covers a wide range of investment funds, including UCITs; and it is particularly specialised in alternative funds, such as private equity, real estate, and energy infrastructure funds, as well as hedge, venture capital, and credit and debt funds. The department is jointly led by Paolo Bonolis, who acts for funds on regulatory and transactional matters, while Andrea Arcangeli specialises in alternative investment funds. Alfredo Gravagnuolo also advises on investment fund regulation matters.
Practice head(s):
Paolo Bonolis; Andrea Arcangeli
Other key lawyers:
Alfredo Gravagnuolo; Massimo Trentino
Key clients
AIMCo (Alberta Investment Management Corporation)
Heritage Capital Partners
ENPACL (Ente Nazionale Previdenza e Assistenza Consulenti del Lavoro)
Optimum Asset Management
Work highlights
- Assisted AIMCo in relation to a partnership with Pinebridge Benson Elliot LLP and the launch of a real estate alternative fund managed by Europa Risorse SGR.
- Assisted Heritage Capital Partners with the launch of a new fintech fund of funds.
DLA Piper
The investment management and funds practice at DLA Piper‘s Italy offices is active in relation to funds investing in real estate assets (including social housing and student accommodation), infrastructure, healthcare, renewables, credit, seed capital, and private equity. Team head Agostino Papa is experienced in financial and banking regulation, while legal director Nicoletta Alfano is an asset management and financial services regulation expert. Other key figures are senior lawyer Edoardo Campo, who 'combines legal expertise with commercial sensitivity perfectly'; and Eusapia Simone, who assists with special transactions, authorisations, and restructurings.
Practice head(s):
Agostino Papa
Other key lawyers:
Nicoletta Alfano; Edoardo Campo; Eusapia Simone
Testimonials
‘Client focus, proactive, prepared for all relevant issues, and meets deadlines.’
‘Solutions in line with clients’ rules and regulations.‘
‘Excellent preparation. Always manages to satisfy all requests and resolve all issues, even the most difficult ones.‘
‘Agostino Papa’s team stands out for its deep legal expertise, innovation and commercial sensitivity.‘
‘Edoardo Campo combines legal expertise with commercial sensitivity perfectly.‘
‘Eusapia Simone is a lawyer with great interpersonal skills and very client oriented.‘
Key clients
Colliers Global Investors Italy SGR S.p.A.
BFF Bank S.p.A.
Xyence Capital SGR S.p.A.
Credem Venture Capital SGR S.p.A.
Invimit SGR
Hines Italy RE
Generali Investment Partners SGR S.p.A.
DeA Capital Alternative Funds SGR S.p.A.
DeA Capital Real Estate SGR S.p.A.
CDP S.p.A.
Canadian Solar Group
Prelios SGR S.p.A.
JP Morgan Asset Management (UK) Limited
CDP Venture Capital SGR S.p.A.
CDP Real Asset SGR S.p.A.
Investitori SGR S.p.A. (AIFM belonging to the Allianz Group)
Patrizia Invesmtent Management S. à r.l.
AXA REIM SGP SA
UBS Asset Management SGR S.p.A.
Generali Real Estate SGR S.p.A.
Work highlights
- Advised Hines on the structuring of an investment transaction carried out through a joint venture with Oaktree Capital Management, which concerned the acquisition of a real estate complex in Milan.
- Assisted Canadian Solar in relation to a complex investment transaction involving an investment in an Italian REIF called CSFS I.
- Assisted CDP S.p.A. in relation to the investment activities of Fondo Nazionale Ristrutturazioni Imprese – Comparto indiretto.
FIVELEX Studio Legale e Tributario
FIVELEX Studio Legale e Tributario‘s finance, banking and insurance department has significant expertise in financial regulatory matters, as well as capital markets and M&A transactions. The team also assists with the structuring and implementation of collective investment management schemes, along with the establishment of units in Italian and foreign funds, Francesco Di Carlo 'demonstrates a remarkable ability to think outside the box'; Francesco Mantegazza is a domestic and international taxation specialist; Edoardo Guffanti acts for banks, and investment, asset management and insurance companies; and Flavio Acerbi 'has outstanding knowledge'.
Practice head(s):
Francesco Di Carlo; Edoardo Guffanti; Francesco Mantegazza
Other key lawyers:
Flavio Acerbi; Debora Gobbo
Testimonials
‘Exceptional expertise in investment funds, deep understanding of regulations, and creative problem-solving consistently set them apart.‘
‘Its proficiency in navigating the complexities of investment fund regulations is invaluable.‘
‘They possess an in-depth knowledge of the ever-evolving regulatory landscape, ensuring that investments are always compliant and optimised for success.‘
‘Outstanding professional ethics, efficiency and kindness are the qualities that always make them clients’ preferred choices.‘
‘Francesco Di Carlo – what truly distinguishes him is his creativity when it comes to innovative solutions. When faced with unique challenges or opportunities in the investment fund arena, he consistently demonstrates a remarkable ability to think outside the box.‘
‘Francesco Mantegazza and his team are unique professionals, who always make themselves available for any queries and any explanations, even if not strictly related to the agreed mandate.‘
‘Francesco Mantegazza is a fantastic professional.‘
‘Flavio Acerbi has outstanding knowledge, is always available, and very responsive.‘
Key clients
Assicurazioni Generali Group
Alkimis SGR S.p.A.
Clessidra Group
Consultinvest Group
Vontobel Group
Ersel Group
Kairos Group (in particular, Kairos Partners SGR)
BNP Paribas REIM SGR S.p.A.
PGIM Limited (prudential financial group)
Milano Investment Partners SGR S.p.A.
Greenstone SICAF S.P.A.
Real Step SICAF SGR S.p.A.
Insec Equity Partners SGR S.p.A.
Xenon AIFM S.A.
Endeka SGR S.p.A.
Freo Investment Managers S.à r.l.
Kryalos SGR S.p.A.
KERVIS SGR S.p.A.
SAVILLS IM SGR S.p.A.
Primonial REIM SGR S.p.A.
Castello SGR S.p.A.
Work highlights
- Assisted Generali Investments Holding with a complex project aimed at creating a fund manager that is focused on sustainable infrastructure investments.
- Assisted RealStep SICAF with the setting up of Compartment 4, which is dedicated to development and income-generating management investments in real estate complexes.
Gianni & Origoni
The investment fund division of Gianni & Origoni‘s financial market regulation department advises on a range of asset management work, particularly the establishment of investment funds. Examples include open and closed-ended funds, UCITS, SICAF, and SICAVs. The team is jointly led by Luxembourg desk head Emanuele Grippo, who advises on investment services, asset management, pension funds, securities regulation, and structured finance; real estate expert Davide Braghini; and financial markets, corporate finance and equity capital markets specialist Paolo Bordi. Promoted to partner during 2022, Raffaele Sansone 'stands out for his client-oriented attitude'.
Practice head(s):
Paolo Bordi; Emanuele Grippo; Davide Braghini
Other key lawyers:
Raffaele Sansone; Floriana Sarra; Claudia Colomba
Testimonials
‘Great competence, support and presence.‘
‘A tight-knit team with broad experience in a wide range of topics.‘
‘Deep understanding of the relevant markets and knowledge of the banking and asset management sector – genuine client-oriented focus and availability are the key qualities.‘
‘Emanuele Grippo has deep knowledge of the legal framework and the Regulator’s approach.‘
‘Emanuele Grippo is always available when needed.‘
‘Emanuele Grippo is a problem solver. Excellent knowledge of technical aspects.’
‘Emanuele Grippo works with clients as a partner and has strong negotiation skills. He has the great ability to make everyone comfortable.‘
‘Raffaele Sansone is very talented and fully oriented towards finding the most suitable solution. Always available, tries to make things easier, and really stands out for his client-oriented attitude.‘
Key clients
Aberdeen
Amundi
Arcadia SGR S.p.A.
Armònia SGR S.p.A.
Azimut Libera Impresa SGR S.p.A.
BlackRock
Capital Dynamics SGR (ex Advanced Capital SGR S.p.A.)
Coima SGR
Fideuram Investimenti SGR S.p.A.
Fineco Asset Manager
GAM (Italia) SGR S.p.A.
Goldman Sachs Asset Manager
Green Arrow (ex Quadrivio)
Innogest SGR
Nb Aurora
Neuberger Berman
Partners Group Limited
Pictet
Riello Investimenti SGR
Robeco Asset Manager
Russell
Tikehau Capital
UTI Asset Management
Lumen Ventures
Levante Capital
Deutsche Bank
Banca Generali
Euromobiliare Asset Manager SGR
Eurizon Capital Real Asset SGR
Foresight Group
AVM Gestioni SGR EuVECA
Legal & General (ex ETF Securities (UK) Limited)
Hamilton Lane
Work highlights
- Assisted Armònia SGR with setting up and launching the Armònia Italy Fund II, an alternative investment fund reserved to professional investors.
- Assisted AVM Gestioni SGR with setting up Rialto I EuVECA, a venture capital fund aimed at investing in start-ups and SMEs.
Hogan Lovells International LLP
Advising asset management companies, investment funds, investment firms and banks, Hogan Lovells International LLP‘s practice advises on a broad spectrum of regulatory work. The team is particularly expert in UCITS, AIFMD, MiFID II, and AML matters. Qualified in Italy, the UK and the US, Jeffrey Greenbaum, who leads the firm's Italian financial services and asset management group from Rome, focuses on the authorisation, distribution and regulatory aspects of financial entities, as well as regulatory inspections. Elisabetta Zeppieri's clients include major banks, payment institutions, e-money institutions, and financial intermediaries.
Practice head(s):
Jeffrey Greenbaum
Other key lawyers:
Elisabetta Zeppieri
Key clients
MFS Investment Management Company (Lux) S.à.r.l.
FE Fundinfo
Redwheel Funds
LGT IM Funds
ART SGR
PedersoliGattai
Pedersoli Studio Legale and Gattai, Minoli, Partners merged in January 2024 to become PedersoliGattai – its investment funds offering remaining part of the firm’s financial institutions department. The group assists domestic and foreign clients with the authorisations for asset manager incorporations and the establishment of alternative investment funds. Experienced in assisting asset managers, investment funds and investors on transactions and on the regulatory side, Giovanni Bandera leads the financial institutions and tax departments; and Giovanni Giuliani (at ADVANT Nctm until April 2023) assists with private equity and real estate investment fund-related structuring and fundraising.
Practice head(s):
Giovanni Bandera; Giovanni Giuliani
Other key lawyers:
Andrea Calvi
Testimonials
‘Very good knowledge of this area with a commercially-oriented approach.‘
‘Always available and competent – good negotiation skills.‘
‘Innovative, but with strong legal skills – the team is a reliable partner for complex transactions.‘
‘Giovanni Giuliani is clever and always supportive – he speaks frankly and replies quickly. Helps clients reach their goals.‘
Key clients
Anthilia Capital Partners SGR
Ver Capital SGR
EnVent Capital Market Limited
Endeka SGR S.p.A.
Clessidra Capital Credit SGR
Ardian France SA
Lendlease Group
Prelios SGR
Green Stone SICAF
Dea Capital RE SGR
Investire SGR
CDP Venture SGR
Kervis SGR
Colliers Global Investors Italy SGR
TeamSystem Capital at Work SGR
Hedge Invest SGR
Work highlights
- Advised Anthilia Capital Partners SGR on the establishment of the Anthilia GAP alternative investment fund.
- Advised Ver Capital SGR on the authorisation process for the management and establishment of a fund called Ver Capital ELTIF Italia.
- Advised EnVent Capital Market Limited on the set-up of an Italian subsidiary, in the form of a Società di Intermediazione Mobiliare.
Simmons & Simmons
Simmons & Simmons‘ financial services regulatory practice in Milan routinely acts for major brokerage houses, investment exchanges, investment banks, commodity traders, asset management companies, and general insurance and life assurance companies. The recent work of experienced financial markets Italian practice head, Romeo Battigaglia, who also heads up the financial services regulation group, includes obtaining several local licenses for UK-based MiFID firms and credit institutions. The firm’s Italy alternative funds group head, Andrea Tonon, focuses on private equity, private debt, venture capital, real estate, funds of funds, co-investment funds, and infrastructure funds.
Practice head(s):
Romeo Battigaglia; Andrea Tonon
Key clients
Allianz Global Investors
Blackstone
BNP Paribas
Deutsche Bank
F&C Management
Jefferies
Jupiter
Schroders
UniCredit
Fondo Italiano di Investimento SGR
Merito SGR
Generali
Fortress
Eidos Partners
HitecVision
LeadCrest Capital
Illimity SGR
Crédit Agricole Italia
Studio Legale Cappelli RCCD
Studio Legale Cappelli RCCD‘s financial service regulation department is experienced in structuring and establishing investment funds, including credit, restructuring, turnaround, direct lending, real estate, private equity, and venture capital funds. The group also notably benefits from the firm’s experience in advising on banking, insurance and financial regulation. Gabriele Buratti, who specialises in banking, finance and collective asset management, co leads the group alongside Milan and London-based Alberto Del Din.
Practice head(s):
Gabriele Buratti; Alberto Del Din
Other key lawyers:
Alessandra Davoli
Key clients
Hines Italy RE S.r.l.
CdpI SGR S.p.A.
Cdp Venture Capital SGR S.p.A.
Nextalia SGR S.p.A.
Fondo Italiano Investimenti SGR S.p.A.
Blue SGR S.p.A.
illimity SGR S.p.A.
Dea Capital Alternative Funds SGR S.p.A.
Pillarstone S.p.A.
Torre SGR S.p.A.
Prelios SGR S.p.A.
Banor Alternative Assets Sicav
Azimut Holding S.p.A.
Work highlights
- Assisted both Unicredit and Azimut Holding with the structuring of a commercial partnership aimed at strengthening and developing UniCredit’s asset management strategy.
- Assisted illimity SGR S.p.A. with the establishment of an Italian alternative investment fund called “illimity Capitale Rilancio” – iCR.
- Assisted Hines Italy RE S.r.l, on behalf of HEPP Real Estate Fund S.à r.l. SICAV-RAIF, with the structuring of a transaction consisting in the investment by HEPP in a to-be-set-up Italian reserved real estate alternative investment fund.
Dentons
Comprising experts from the firm's corporate, real estate, tax, M&A, and banking and finance practices. Dentons‘ Italian team is particularly focused on the establishment of real estate, private equity and credit funds. Heading up the financial services practice in Italy, Alessandro Engst acts for banks, fund managers, investment firms, insurance companies, payment institutions, fintech companies and pension funds on regulatory matters. Engst also assists with the establishment of investment funds.
Practice head(s):
Alessandro Engst
Testimonials
‘The team’s strengths are its proactivity and ability to respond quickly to clients’ needs, even during very complex projects.‘
‘The team is always aware of the latest laws and regulatory updates.‘
‘Alessandro Engst – extremely expert, precise and professional, and recognised by the market.‘
Key clients
Fidelity
Eurizon Capital SGR
DeA Capital Real Estate SGR
COIMA SGR
Orion Capital Managers
GLP
Castello SGR
P&G SGR
Value Italy SGR
Threestones Capital Management
Mediobanca
UnipolSai
Quinta Capital SGR
Fort Partners
Kervis SGR
Finlombarda SGR
Fattal Hotel Group
BNP Paribas REIM Italy SGR
The Student Hotel
ENPAM
ENPACL
Work highlights
- Assisting Mediobanca with its first-of-their-kind transactions concerning the set-up of real estate investment funds (aimed at providing access to trophy assets to the bank’s ultra-high-net-worth clients).
- Assisted Fidelity with the listing process of five thematic sub-funds of Fidelity UCITS ICAV on the Borsa Italiana’s ETF-plus market.
- Assisted Fuchs Asset Management, as manager of Luxembourg fund Summus Fund S.A. SICAV-RAIF, with the launch of direct lending activity in Italy by Summus Fund One.
GIM Legal
GIM Legal‘s wide-ranging practice regularly advises asset management companies and investment managers on their establishment in Italy. The firm also fields specialists in UCITS and alternative reserved funds. Founder and managing partner Luigi Rizzi is a renowned investment funds regulation expert and former CONSOB regulator; and the track record of the firm's operations partner, Sergio Beretta, includes the incorporation of numerous real estate, private equity and venture capital funds.
Practice head(s):
Luigi Rizzi
Other key lawyers:
Sergio Beretta; Marco Corica; Manuela Rasori; Emanuele D’Auria
Key clients
Dea Capital RE SGR
Atlas Capital SGR
GWM Group
Euregio Plus SGR
Kervis SGR
IAM Capital Plc
Sagitta SGR
Linklaters Studio Legale Associato
Linklaters Studio Legale Associato‘ Italian team routinely advises investment managers on fund formations and financial regulation. The practice is routinely mandated by Bain Capital Credit for the structuring and establishment of Italian real estate and credit sector-related funds. The Milan office’s structured finance and financial regulatory practices are led by Dario Longo, whose practice covers the entire cycle of financially regulated assets. Flanking Longo, Emanuele Umberto Aurilia ‘has remarkable legal and commercial expertise‘.
Practice head(s):
Dario Longo
Other key lawyers:
Emanuele Umberto Aurilia; Samuele Manfredo Pio
Testimonials
‘It’s legal and commercial expertise make the team a reliable partner to work with.‘
‘Emanuele Umberto Aurilia has remarkable legal and commercial expertise.‘
Key clients
GARBE Industrial Real Estate
Union Investment
Davidson Kempner Capital Management
Prelios SGR
Cromwell Property Group
PGIM Real Estate
Macquarie Asset Management
Bain Capital Credit Ltd
Three Hills Capital Partners (THCP)
Boreal IM Ltd
Cadillac Fairview (Ontario Teachers’ Pension Plan)
DWS
Work highlights
- Advised Macquarie Asset Management on the structuring and formation of an Italian real estate investment fund named Callisto.
- Advised Cadillac Fairview and Boreal IM Ltd on the structuring and establishment of an Italian fund, which will serve as an Italian investment platform focused on logistic assets.
- Advised Bain Capital Credit on the structuring and establishment of an Italian fund structure, managed by Cromwell Investments Sarl.