Quadrivio Group has launched Silver Economy Fund, a new private equity vehicle with a €400m target.
“This project has already received great feedback from both institutional and private investors during our pre-marketing phase,” said Ricciotti. “The increase in life expectancy in Europe and the US and the growing saving and spending capacity of the baby boomers have become attractive investment themes, especially for insurance companies and pension funds, which represent our core investor base. In addition, the sustainability angle that most investments in this industry entail, makes our strategy even more enticing for our potential investors.”
The GP told Unquote that it expects to hold a final close by the summer. The fund will be managed by a team led by Quadrivio managing partners Walter Ricciotti and Alessandro Binello, alongside Galeazzo Scarampi del Cairo as team leader and Stefano Malagoli. They will support the portfolio companies in their entire development path.
He added: “Our fund will promote strategic investments in companies with successful business models based on technology advancement and sustainability, which can be improved and scaled up through further investments and subsequently replicated and exported.”