Pinturicchio Fund
The Pinturicchio Fund became operative on 27 December 2016 with an initial subscribed asset equal to 13,600,00 Euro.
The portfolio of the Fund, with already a 9 million gross book value, will be extended with acquisitions of non performing loans. More precisely, Pinturicchio will buy shares - which may be issued by banks or their affiliates in Italy – of financial institutions and utility companies.
The Fund, destined to qualified professional investors, will include some cooperative banks and a pension fund as subscribers. The aim is to collect 150 million Euros with a duration of 7 years, extendible for another 2 years.
The Fund’s Patrimony: the Fund aims to collect 150 million Euros and will be able to operate once 10 million Euros has been subscribed to (total initial value).