Firms To Watch: Investment funds

Founded in 2018, GIM Legal‘s managing partner Luigi Rizzi has over 20 years’ experience in the financial services industry, and is highly rated for his expertise in investment funds regulation.

Investment funds in Italy

Gatti Pavesi Bianchi Ludovici

Gatti Pavesi Bianchi Ludovici‘s team routinely advises major domestic and non-domestic market players on fund and investment management matters. The practice’s coverage ranges from structuring and fundraising issues to drafting and negotiating funds’ constitutive documents. It also handles the incorporation and licensing procedures of Italian alternative investment fund managers, and of non-domestic alternative investment fund managers running businesses in Italy. With over 16 years’ experience in the investment management sector, Eriprando Guerritore focuses on assisting sophisticated international funds with alternative investments that are developed by way of fund projects.

Practice head(s):

Eriprando Guerritore

Testimonials

The firm is characterised by a high level of market knowledge and of the latest transactions carried out by leading players, as well as considerable knowledge of the regulations.

Solid technical skills, with wide availability of the work team.

Eriprando Guerritore, is endowed with considerable flexibility, and in-depth knowledge of market operations and the relevant legislation – a great professional to work with.

Eriprando Guerritore has technical skills and unique fund experience. Despite the complexity of this subject, he manages to identify the best solutions in an effective and efficient way.

Eriprando Guerritore proved to be very helpful and attentive to details. I really appreciated the in-depth analysis work carried out on the documents which then helped us a lot in the negotiations.

Work highlights

  • Advised two investment schemes, FoF VenturItaly and Fondo Co Investimento MiSE (managed by CDP Venture Capital SGR), on their investment in UV-TGrowth, a venture capital scheme launched by United Ventures SGR.
  • Advised GWM’s investment manager on the establishment and launch of the Commercial Real Estate Opportunities Fund Italy – Credo Italy, an Italian direct lending fund.
  • Advised DeA Capital Real Estate SGR on the extraordinary extension of Atlantic 1, one of the largest Italian-listed real estate investment funds.

Legance - Avvocati Associati

Legance – Avvocati Associati‘s investment funds department acts for leading asset management firms, shareholders, investors and other domestic and non-domestic market players on the planning, structuring, formation and marketing of investment funds; the team has particular expertise in private equity, venture capital, private debt and real estate funds. Enzo Schiavello focuses on the structuring and establishment of alternative investment schemes; Barbara Sancisi advises private equity and other alternative asset fund managers, institutional investors and investment advisers; and managing associate Riccardo Daguati is experienced in collective asset management matters.

Practice head(s):

Enzo SchiavelloBarbara Sancisi

Other key lawyers:

Riccardo Daguati

Testimonials

Historical knowledge of the company, which facilitates communication and speedy responses to urgent needs.

Deep knowledge of the reference sector and regulatory matters.

Enzo Schiavello is a very valid person professionally and a great connoisseur of the technicalities of investment funds.

Barbara Sancisi combines technical skills with communication and negotiation skills.

I have collaborated with Barbara Sancisi and Enzo Schiavello, both highly professional professionals. I appreciated their in-depth analysis of the documents, experience in dealing with complex and non-standard structures, and management of negotiations with the counterparty.

Key clients

21 Investimenti SGR

a2a

Aksìa Group SGR

Alcedo SGR

Alfieri

Alto Partners SGR

Aquileia

Arsenale SGR

BNP Paribas REIM SGR

CapVest

Castello SGR

CDP Immobiliare SGR

CDP Venture Capital SGR

Charme Capital Partners SGR

Chequers Capital

Credito Fondiario

DeA Capital Real Estate SGR

Entangled Capital SGR

Equiter

Ersel SGR

European Investment Bank

European Investment Fund

FIEE SGR – Fondo Italiano Per Efficienza Energetica

Fondo Italiano d’Investimento SGR

Gradiente SGR

HAT Orizzonte SGR

HAT SICAF

Hayfin

Invel

Invitalia

ITAGO SGR

Menarini

Neip III SICAF

P101 SGR

Partners Group

PM&Partners SGR

Pomona Capital

Prelios SGR

Progressio SGR

Quantix SIM

Quinta Capital SGR

Sagitta SGR

Sofinnova Partners

Tikehau Investment Management

Ver Capital SGR

Wise Equity SGR

Work highlights

  • Assisted with the structuring of an infrastructure fund, Equiter Infrastructure II, dedicated to investments in Italy in social and digital infrastructure, utilities, urban regeneration and tourism (under a joint venture agreement between Ersel Asset Management and Equiter).
  • Assisted with the restructuring of the FNT fund, Fondo Nazionale del Turismo, as a fund of funds that aims to support the tourism sector and the entrepreneurs managing Italy’s major hotels.
  • Assistance with the launch and fundraising of FIEE II – Fondo Italiano per l’Efficienza Energetica II, a private equity fund focused on energy efficiency projects (with European Investment Bank acting as anchor investor of the fund).

ADVANT Nctm

ADVANT Nctm‘s investment funds team assists managers and investors (including institutional investors) with the structuring, marketing and management of collective investment schemes (contractual and corporate vehicles) that are active in the real estate, private equity, venture capital, impact investing, infrastructure and energy asset classes. Giovanni Giuliani, who was hired as equity partner from Chiomenti in 2020, has notable experience in asset management, and real estate and private equity funds; Vito Bisceglie specialises in contribution and sale and purchase transactions, through real estate alternative investment funds or other investment vehicles.

Practice head(s):

Giovanni Giuliani

Testimonials

The deep interaction between the different practices involved and the harmony of the team allow NCTM to offer effective and timely assistance in all circumstances, even when deadlines are tight.

Great focus on clients and their needs.

Excellent problem-solving skills. I also especially appreciated their mediation expertise.

Great  for the expertise of its lawyers and commitment to clients.

The team led by Giovanni Giuliani is characterised by excellent knowledge of the subject and the ability to mould the law into the realities of investment funds.

Giovanni Giuliani excels for competence, professionalism and for knowing how to interpret clients’ needs.

I particularly appreciate Giovanni Giuliani and senior associate Jacopo Pisani. They show a lot of attention to clients’ requirements, providing assistance even with activities/situations that are not strictly related to the assignment.

The deep knowledge of the underlying legislation and the peculiarities of the sector in question represent real added value, both with regards to Vito Bisceglie and the team in general.

Key clients

Ardian France

Lendlease Group

Prelios SGR

Keys REIM

Savills SGR

Sorgente SGR

Ream SGR

CDP Venture SGR

FVS SGR

Dea Capital real estate SGR

Kervis SGR

Antirion SGR

Lio Capital

Work highlights

  • Advised Ardian on the authorisation process for Areef 2 Palio SICAF, a real estate platform set up in the form of a SICAF (under an umbrella structure externally managed by Dea Capital Real Estate SGR).
  • Assisted Antirion SGR with the structuring and start-up of the Urban Living I Fund, a real estate fund focused on residential development initiatives.
  • Advised CDP Venture SGR on the structuring and setting up of an Italian venture capital fund called Boost Innovation.

Alma STA

Acting for both sponsors and limited partners, Alma STS‘s Italian practice conducts transactional work across all asset classes, including real estate, private equity, venture capital, private debt, credit funds, direct lending, and funds investing in blockchain. With significant experience in M&A, asset management and investment funds, founder and managing partner Alessandro Corno regularly assists managers and institutions with setting up alternative funds that invest in real estate, private equity, venture capital and alternative asset classes. The Milan fund formation team also fields active associates Andrea Venturini and Tommaso Pepe.

Practice head(s):

Alessandro Corno

Other key lawyers:

Andrea VenturiniTommaso Pepe

Testimonials

Competence and understanding of the client’s problems.

Great knowledge of the funds industry (including operators and deal histories), which helps clients to make choices.

Professional in relation to legal issues, but they also broaden their advice outside of their specific domain, which is very helpful.

They are enormously creative and experienced in the regulation of funds.

All the members of the team led by Alessandro Corno are very helpful and efficient.

I had immediate and exhaustive answers to my requests, even during holidays and late in the evening.

Alessandro Corno and associate Tommaso Pepe are very experienced, competent and helpful.

The second line of the team, including Tommaso Pepe is well prepared and absolutely capable of giving the necessary support.

Key clients

AEW ECR Italy SICAF

Blacksheep Ventures

Bravo Capital

CDP Venture Capital SGR

Clessidra Private Equity SGR

Equinox AIFM

Equita Capital SGR

Eureka! Venture SGR

European Investment Bank

European Investment Fund

Finanziaria Internazionale Investments SGR

Fondo Italiano di Investimento SGR

IGI SGR

Indaco Venture Partners SGR

LazioInnova

Neuberger Berman

NB Aurora

P101 SGR

Primomiglio SGR

Redseed

Riverrock European Capital Partners

Quadrivio Group

Star Capital SGR

Tristan Capital Partners

Vertis SGR

Work highlights

  • Assisted Clessidra SGR with the set-up of a private equity fund, Clessidra Capital Partners 4.
  • Assisted Quadrivio Group with the set-up and fundraising of a private equity fund focused on enterprises that are dedicated to providing services and products to elderly people.
  • Advised CDP Venture Capital SGR on the launch of the Mobility & Digital Acceleration Fund, as well as a parallel fund, which aim systematically to co-invest in all investment transactions involving the Motor Valley Accelerator.

Chiomenti

Chiomenti‘s investment funds team has longstanding experience in advising on the establishment of investment funds, as well as complex transactions involving investment funds. Clients also benefit from the group’s collaboration with professionals from the firm’s practices in banking and finance, insurance and other regulated entities, real estate, corporate law and tax. The principal advisers are Alessandro Portolano and Vincenzo Troiano, whose careers include working at the Bank of Italy; Franco Agopyan, the firm’s private equity business unit co-head; and Luigi Vaccaro, who has significant experience in advising Asian investors.

Testimonials

Ability to team up with different departments in order to provide the client with 360-degree legal advice for all practices.

The whole team combines a deep knowledge of regulatory issues with the ability to translate them into commercially viable solutions, even for complex transactions.

Great market knowledge and very responsive.

Alessandro Portolano and his team are very impressive.

Alessandro Portolano has deep knowledge of the regulatory framework in Italy and is very responsive. He provides very clear and practical advice, and is always willing to accommodate clients’ needs.

‘The excellent team led by Vincenzo Troiano is dedicated to investment funds, and knows how to combine great legal competence with dedication to clients.

Vincenzo Troiano is a point of reference for all those who want to approach the law surrounding investment funds.

Vincenzo Troiano has unique knowledge of the sector and of the evolution of regulation.

Key clients

Prelios SGR

QuattroR SGR

F2i SGR

Lendlease Group

Lendlease Italy SGR

Silver Fir SGR

AEW

Ardian France

Forma Fund GP

Torre SGR

Savills Investment Management SGR

Investire SGR

Avanzi SICAF

Coima SGR

Blackrock

Kohlberg Kravis Roberts & Co Partners

Investindustrial VI

Work highlights

  • Advising Lendlease Group on a project entailing the development of a large area in Milan.
  • Advising Coima SGR on the launch of a project, together with Prada Holding and a European real estate player (Covivio), involving the set-up of a real estate investment fund for the participation in a tender offer for the sale of a plot of land (on which a train station currently exists).
  • Advising Prelios Group within the context of the Back to Bonis project, involving the management (alongside AMCO) of a portfolio of UTP loans.

DLA Piper

DLA Piper‘s specialised Italy practice assists (from both legal and regulatory perspectives) Italian and international fund managers, collective investment schemes and institutional investors on transactional and regulatory compliance matters. Heading the investment management and funds and financial services teams, Agostino Papa is experienced in asset management and private equity, real estate, social housing and renewable energy funds; legal director Nicoletta Alfano regularly advises on asset management and financial services regulation. Providing additional support are senior partner Antonio Lombardo, and restructuring and special opportunities investments specialist Francesco De Gennaro.

Testimonials

Extreme availability and professionalism that go beyond the mere consultancy relationship.

Punctuality in providing answers and flexibility in identifying solutions to the questions raised, always seeking the right balance between the client’s wishes and what is allowed by the sector’s regulations/legislation.

Active collaboration with the client and direct involvement in the management of a project are distinctive elements of this practice.

The team led by Agostino Papa combines great competence and strong innovation skills, supporting the client during the complex phases of the establishment and management of investment funds.

Agostino Papa is endowed not only with great competence, but also with a remarkable capacity for innovation and vision of the deal.

Key clients

Antirion SGR S.p.A.

Apothems S.à r.l.

Credem Venture Capital SGR S.p.A.

Alkemia Capital Partners SGR S.p.A

Azimut Libera Impresa SGR S.p.A.

Invimit SGR

Hines Italy RE

Generali Investment Partners SGR S.p.A.

DeA Capital Alternative Funds SGR S.p.A.

Canadian Solar Group

Prelios SGR S.p.A.

Work highlights

  • Advised Credem Venture Capital SGR S.p.A. on the establishment of “EltifPlus” an investment fund with a mixed private/public equity investment policy.
  • Advised Apothems S.à r.l. (JV vehicle participated in by 2 Italian investors) on the purchase of 100% of the share capital of Principia SGR S.p.A. (now named Xyence Capital SGR S.p.A.).

Gianni & Origoni

Gianni & Origoni‘s investment fund division assists with the full gamut of asset management work, particularly the establishment of investment funds and advising on the most appropriate fund vehicles. Emanuele Grippo‘s practice includes investment services, asset management and pension funds; Paolo Bordi is an expert in the legal and regulatory aspects of banking, financial and investment services, insurance and asset management; and Davide Braghini advises on real estate investment funds. Andrea Marani  provides further partner-level support, while counsel Raffaele Sansone‘s experience includes the establishment of primary mutual funds.

Other key lawyers:

Raffaele Sansone

Testimonials

Significant experience in setting up and managing investment funds.

Great experience, strong specialisations and willingness to share their network.

The GOP team displays exceptional expertise in setting up investment funds and related negotiations.

They are particularly attentive to the needs of international asset managers who approach the Italian market.

We have been collaborating with Emanuele Grippo’s team on regulatory matters for several years; and we have found great harmony and availability with this team, with whom we have worked very well.

Emanuele Grippo is highly qualified and always available.

Counsel Raffaele Sansone is outstanding!

Raffaele Sansone has the ability to generate synergies and manage complex negotiations. Raffaele has deep knowledge of the market and is always proactive in identifying and proposing innovative structures in light of new regulations. Furthermore, he is always available and quick with his feedback, providing timely advice and information.

Key clients

Aberdeen

Amundi

Arcadia SGR

Azimut Libera Impresa SGR

BlackRock

Capital Dynamics SGR

Fideuram Investimenti SGR

Fineco Asset Manager

GAM (Italia) SGR

Goldman Sachs Asset Management

Green Arrow

Innogest SGR

Nb Aurora

Neuberger Berman

Partners Group

Pictet

Riello Investimenti SGR

Robeco

Russell

Tikehau Capital

UTI Asset Management

Lumen Ventures

Levante Capital

Deutsche Bank

Banca Generali

AVM

Work highlights

  • Assisted Fideuram with the implementation of a master-feeder structure with Eurizon.
  • Assisted the ESG City Impact Fund (managed by Coima SGR) with the investment into Fondo Porta Romana, a new fund that aims to acquire the former Porta Romana railway yard in Milan.
  • Advised Riello Investimenti on the establishment (and negotiation with the anchor investors) of a new private debt reserved alternative investment fund (Impresa Italia II).

K&L Gates

The Milan asset management and investment funds team at K&L Gates handles funds work for well-known alternative investment fund managers, sponsors and investors. Typical work includes the structuring and establishment of investment funds across a variety of industry sectors, including private equity, venture capital, private debt and loan origination, UTPs (unlikeliness to pay) and NPLs (non-performing loans), as well as real estate and social housing. The team also advises on the legal and regulatory framework of clients’ day-to-day activities. ‘Proactive at every negotiation stage‘, Giovanni Meschia leads the Milan team.

Practice head(s):

Giovanni Meschia

Testimonials

Competence, passion and teamwork.

The strength of the firm, as far as I’m concerned, is certainly Giovanni Meschia. Although our operation was not the simplest, he always supported us, understanding the situation not only from a legal point of view, but also from a business perspective.

Its expertise is exceptional.

Great flexibility and speed.

Giovanni Meschia is very punctual, and very good from a technological point of view and in terms of billing.

Giovanni Meschia (unlike people from other firms) is proactive at every negotiation stage, going beyond the simple role of a lawyer and acting as an additional member of our team, which has a huge impact on both the success of the operation and teamwork.

Key clients

Fondo Italiano d’Investimento SGR

European Investment Fund

DeA Capital Real Estate SGR

Anima Alternative SGR

United Ventures SGR

CDP Venture Capital SGR

Finanziaria Internazionale Investments SGR

Kyma Investment Partners SGR

Unigestion

Eidos Partners

Prana Ventures SICAF EuVECA

The Techshop SGR

Aquileia Capital Services

Bain Credit

Green Arrow Capital SGR

Kairos Partners SGR

Equita Capital SGR

Italian Hybrid Capital Partners SGR

Work highlights

  • Assisted The Techshop SGR with its incorporation and authorisation as an Italian licensed fund manager, and the launch of its first venture capital umbrella fund.
  • Assisted Finanziaria Internazionale Investments SGR with the structuring of Italian alternative investment fund Efesto (in partnership with Italfondiario), and its initial investment in a UTP portfolio of approximately €500m.
  • Assisted Anima Alternative SGR with the structuring and fundraising of Anima Alternative 1, the first alternative investment fund launched by the Anima Group.

Simmons & Simmons

Simmons & Simmons‘ financial services and alternative funds practice in Italy routinely undertakes complex financial services, fund formation and markets regulatory work; its enviable client base comprises fund managers and investors, brokerage houses, investment exchanges, investment banks, commodity traders, asset management companies, and general insurance and life assurance companies. Of counsel and Italy alternative funds head Andrea Tonon joined the firm in 2020 from Di Tanno Associati, and is experienced in assisting Italian and international investment management clients; highly rated partner Romeo Battigaglia heads up the Italian financial markets practice.

Key clients

Allianz Global Investors

Blackstone

BNP Paribas

Deutsche Bank

F&C Management

Jefferies

Jupiter

Schroders

UniCredit

Fondo Italiano di Investimento SGR

Pramerica SGR

Merito SGR

Numeria SGR

Fortress

Kryalos SGR

Patrizia Group

Work highlights

  • Assisted Merito SGR with the authorisation (as an Italian AIFM) process for the launch of its first private debt fund, as well as the appointment as delegated portfolio manager of a private debt fund (managed by a third party AIFM).
  • Advised Fondo Italiano d’Investimento SGR on some of the investments made by its fund of funds, FoF PD Italia, in Italian investment funds managed by other Italian AIFMs.

Bird & Bird

Bird & Bird‘s banking and financial markets regulation team is experienced in assisting management companies and investors, and fields experts in undertakings for the collective investment in transferable securities (UCITS) and real estate alternative investment funds (AIFs). The practice advises management companies on both new products and validating internal procedures. The principal figures are financial regulation specialists Raimondo MaggioreStefano Febbi and Rossella Sansone, and experienced senior associate Giovanni Bevilacqua.

Other key lawyers:

Giovanni Bevilacqua

Testimonials

Extremely knowledgeable, prompt and professional.

Great for its technical preparation on complex issues and negotiation skills.

Availability 24 hours a day, respectful of deadlines, and speedy in processing documents and giving feedback.

Senior associate Giovanni Bevilacqua is extremely efficient, courteous and knowledgeable. We are a foreign business with no office in Italy, and value the exceptional support, advice and assistance provided by Giovanni as and when required, which is frequently at short notice!

Key clients

Asset Management One International

BCC Risparmio&Previdenza

Columbia Threadneedle

CREDEM Private Equity SGR

Davy Global Fund Management

Deka Immobilien Investment

Euromobiliare Asset Management

Europa Risorse

Fideuram Investimenti

Groupama Asset Management

illimity Società di Gestione del Risparmio

InvestiRE

Investitori SGR

Invesco Asset Management

Kairos Partners

Mediolanum Gestione Fondi

M&G International Investment

Pictet & Cie (Europe)

Polis Fondi

Work highlights

  • Assisted Italian alternative investment fund manager InvestiRE SGR with the structuring, set-up and launch of an Italian real estate alternative investment fund (PRS Italy) reserved for professional investors.
  • Assisted Davy Global Fund Management with the Italian regulatory matters concerning the launch of an Italian closed-end umbrella AIF (RSCT Fund), reserved for professional investors.
  • Assisted Mediolanum Gestione Fondi with the structuring and launch of an unreserved AIF.

CMS

CMS‘ Italy practice advises on a range of investment funds, including UCITs and AIFs; the team is regularly sought out for fund formation matters and ongoing activities. Clients also appreciate the firm’s incorporation of a funds group team, which operates on a cross-border basis. Widely respected banking and financial law head Paolo Bonolis and AIF specialist Andrea Arcangeli (who was made partner in April 2021) are the names to note.

Practice head(s):

Paolo Bonolis

Testimonials

Great attention to the client, who is supported during different and new phases of innovative operations.

Great willingness to deal with new issues and propositions so as to identify innovative solutions.

Key clients

Global Solar Fund

Legal & General Investment Management

Aberdeen Asset Management

Columna Capital

AON Investment

Sagitta SGR

citizenM Financial Holding

Hedge Invest SGR

Lemanik Asset Management

Heritage Capital

TIM Ventures

Work highlights

  • Advised Heritage Capital on the launch of a new fund of private equity funds, operating by way of a fintech platform.
  • Advised Sagitta SGR on the launch of a credit fund.
  • Assisted Citizen Financial Holdings with the set-up of a real estate fund, as well as the negotiation of the investment agreement and the terms and conditions of the funds with the fund manager.

Dentons

Dentons‘ Italian fund formation practice regularly works alongside its real estate colleagues. The team is also active in the formation of credit and private equity funds; in addition to traditional investment funds, the team is experienced in establishing SICAFs (investment companies with fixed capital) and ELTIFs (European Long Term Investment Funds). Recently appointed co-head of the Europe financial institutions regulatory practice, Alessandro Engst is experienced in investment funds transactions.

Practice head(s):

Alessandro Engst

Other key lawyers:

Valerio Lemma

Testimonials

Ability to offer innovative solutions.

The team’s uniqueness is characterised by the ability to ensure the client a dynamic, flexible and personalised assistance.

The key figures of the firm have shown that they have an extraordinary, unique, united sensitivity, with the ability to adopt out-of-the-box thinking.

The firm works very closely with its clients, including in relation to personalised client billing.

The professionals I work with demonstrate great sensitivity, insight, preparation, wisdom and common sense, which are always accompanied by great listening skills and a problem-solving attitude.

Availability and flexibility during the management of the instruction.

Alessandro Engst is simply fantastic, with a great blend of technical expertise and superb client care; and counsel Valerio Lemma provides excellent support.

Knowledge of the market and proactive approach of the lawyers Alessandro Engst and Valerio Lemma.

Key clients

Fidelity Eurizon Capital SGR

DeA Capital SGR

COIMA SGR

Orion Capital Managers

GLP

P&G SGR

Value Italy SGR

Threestones Capital Management

Pygmalion Capital Advisers

Mediobanca

UnipolSai

Namira SGR

Chelsfield

Work highlights

  • Assisted Mediobanca with the set-up of investment funds and the investment agreements relating to its first-of-their-kind transactions, aimed at providing ultra-high-net-worth clients with access to the real estate trophy assets market.
  • Advised Pygmalion Capital Advisers on the set-up of a closed-ended reserved real estate alternative investment fund (with an umbrella structure) for the acquisition of the Hilton Florence Metropole and the Hilton Garden Inn Florence Novoli.
  • Providing Fidelity with day-to-day legal assistance on asset management matters in several jurisdictions worldwide.

FIVELEX Studio Legale e Tributario

FIVELEX Studio Legale‘s finance, banking and insurance department consistently structures and implements collective investment management schemes, and sets up and distributes the units and shares of Italian and foreign funds. In addition to its UCITS legislation expertise, the department has notable experience in alternative collective investment funds. Francesco Di Carlo and Edoardo Guffanti have longstanding experience in financial, banking and insurance regulatory law, including asset management regulation matters.

Other key lawyers:

Flavio Acerbi

Testimonials

Kindness of staff, extreme regulatory competence, knowledge of financial markets and investment funds in particular, and the ability to find solutions.

Flexibility, creativity and speed in solving complex situations.

The competence and courtesy of the practice make the firm an interlocutor with whom it is a pleasure to work – any confrontations are serene, open and extraordinarily effective.

Regulatory updating and knowledge of the evolution of the banking, financial and insurance markets.

Deep knowledge of Italian and European supervisory mechanisms with total flexibility in the working times, excellent sensitivity and openness on the cost side.

Deep understanding of the client and great respect and care of the same. Compared to other firms, the service and results are immeasurable and highly appreciated.

Great, wide-ranging competence – expertise, reputation and availability. I appreciated the firm’s technical and professional qualities in reviewing the legal documentation submitted to clients during the onboarding phase.

Francesco Di Carlo was an irreplaceable point of reference for the launch of our investment vehicles.

Key clients

Alkimis SGR

Generali Investments Partners SGR

Consultinvest Group

Credem Group

Equita Group

Ersel Group

Green Stone SICAF

Kairos Group

Milano Investment Partners

Real Step SICAF

Plenisfer InvestmentSGR

Xenon AIFM

PGIM

Mandarin Group

Foresight ITA VCT Holdings

Davy Global Fund Management

Work highlights

  • Assisted Green Stone SICAF with its step-up authorisation process as a full-scope alternative fund manager under AIFMD.
  • Assisted with the application for authorisation of an Italian closed-ended reserved AIF.
  • Advised Green Stone SICAF on the setting up of three investment compartments, dedicated to three different real estate projects in Milan.

Hogan Lovells International LLP

Hogan Lovells International LLP fields regulatory specialists in UCITS, the Alternative Investment Fund Managers Directive, the Markets in Financial Instruments Directive II, and anti-money laundering. Leading the Italian financial services and asset management team, Jeffrey Greenbaum is focused on the authorisation, distribution and regulatory aspects of financial entities, as well as regulatory inspections. At senior associate level, Claudia Colomba‘s experience includes collective management, pensions, insurance, banking and payment services.

Practice head(s):

Jeffrey Greenbaum

Testimonials

Great for its assistance with all kinds of Italian-related topics, including AML, GDPR, onboarding of paying agents and negotiating distribution agreements.

Good ability to understand problems and impressive knowledge of the sector.

In the last two years, the activities have often been carried out remotely, but the firm has been able to maintain contacts and availability efficiently, and has also carried out frequent and interesting virtual seminars.

The partners cover all subjects at 360 degrees, with a series of suitable contacts in the relevant sectors. In particular, I was able to appreciate Jeffrey Greenbaum.

Senior associate Claudia Colomba has good knowledge of very specific regulatory sectors and excellent analytical skills and proactivity.

Key clients

MFS Investment Management Company (Lux)

Timberland Investment Resources Europe

Pedersoli Studio Legale

Pedersoli Studio Legale‘s investment funds group advises domestic and foreign clients on the authorisation procedures surrounding the incorporation of asset managers and the establishment of alternative investment funds. Tax department head Giovanni Bandera also leads the financial institutions department, and is experienced in assisting asset managers, investment funds and investors with the regulatory aspects of ordinary and extraordinary transactions. Former partner Alessandro Zappasodi recently joined White & Case LLP Italy.

Practice head(s):

Giovanni Bandera

Key clients

Clessidra SGR

CDP Venture Capital SGR

Anthilia Capital Partners SGR

Work highlights

  • Assisted CDP Venture Capital SGR with the incorporation and launch of Technology Transfer Fund, a reserved multi-sector fund with an initial budget of €150m.
  • Assisted Italy’s Clessidra SGR with the regulatory aspects of the acquisition of Compagnia Europea Factoring Industriale.
  • Assisted Anthilia Capital Partners SGR with the filing of the authorisation request for the management and setting up of Anthilia ELTIF – Economia Reale Italia, a long-term European investment fund.