Agreement signed that provides for a major joint investment programme.

A multi-year joint investment programme in the Private Market that aims to combine skills and resources for new Private Equity and Venture Capital investments.

This is the purpose of the agreement signed between Fondazione Compagnia di San Paolo and Fondazione Cariplo.

The agreement aims to make the most of the economies of scale resulting from the combination of financial and professional resources made available by the two leading Italian banking foundations, thus achieving an economic benefit and positioning on the market.

“Foundations of banking origin have been and continue to be key players in the country’s growth process”, says Francesco Profumo, Chair of Fondazione Compagnia di San Paolo, “particularly today, given the current economic and social crisis, there is a strong need to strengthen their role by launching coordinated actions in an integrated framework of long-term collaborative projects. The decision to share an important investment programme is a first step in this direction and can set an example for the foundation system as a whole”.

See press release here.