Wednesday, April 2, 2014

Quadrivio Capital SGR seeks €100M for second VC fund TTVenture Due

Quadrivio one the leading private equity funds in Italy with more than €1 Bln of assets under management, has announced the launch of its second fund called TTVenture Due with a target of €100M which will invest in highly innovative and technological startups in the Life Sciences, Healthcare, Cleantech and New Materials space. The new TTVenture Due fund will be successor of Quadrivio's first fund TTVenture which launched in 2008 with a target of €64 million has been subscribed by the major italian banking fondations such as Fondazione Cariplo, Fondazione Cassa di Risparmio di Cuneo, Fondazione Cassa dei Risparmi di Forlì, Fondazione Cassa di Risparmio di Modena, Fondazione Cassa di Risparmio di Parma, Fondazione Cassa di Risparmio della Provincia di Teramo, Fondazione Cassa di Risparmio dell’Aquila, Fondazione Cassa di Risparmio di Ascoli Piceno, State Street Global Advisors and Camera di Commercio di Milano.
In its six years of operation, the first TTVenture fund has made 23 investments in innovative startups across different sectors mainly in the life sciences, medtech, new materials, cleantech, agri-food and industrial technology. Aim, Biouniversa, Bluegreen, Cogisen, CryptoLab, Directa Plus, D-Orbit, Eucardia, Glomeria Therapeutics, IpadLab, M31, MilkyWay, Pilegrowth Tech, Personal Factory, SanSeverino, Sem+, TTSeed and TTAdvisor are the innovative startups that benefted from the investment of the first TTVenture fund. The first TTVenture fund which was managed by fund Fondamenta SGR did also invest in four international funds such as Sofimac Partners (France - biotech), Terra Venture Partners (Israel - clean technologies and renewables), AXON Partners Group (Spain - material sciences) and Vertis (Southern Italy - digital technolgies. In 2012 was acquired by Quadrivio sgr when Fondamenta SGR became a subsidiary of Quadrivio.

Contextually to the launch of its second VC fund, the board of directors of Quadrivio appointed Elizabeth Marie Robinson as new investment director of the venture capital tram and Valentina Bocca as chief investment officer of the TTVenture fund. Interviewed by Milano Finanza Walter Ricciotti, CEO of Quadrivio, commented "We are satisfied, in view of the launch of the new fund, of having has strengthened the management of our venture capital team. Our objective is to consolidate our leadership position in Italy in the field of venture capital funds."

Within the investment committee of the new fund there will also be: Börje Ekholm, 30 years of experience in private equity and venture capital, president and CEO of Investor AB, Chairman of NASDAQ OMX, Chairman of the KTH Royal Institute of Technology; Mario Ferrario, 30 years of experience in private equity and venture capital, co-founder and president of Schroeder Italy MCF Capital Partners; Galeazzo Scarampi, 30 years of experience in private equity, a former member of the management board and responsible investment for Investor AB (Asia) and IFI International/Exor; Pierluigi Zappacosta, 30 years of business and investment experience, founder of Logitech and president of Faro Venture.

A list of names of all respect and with decades of years of experience combined together in the investment industry. In the meantime Quadrivio is carrying on the conception of a fund focused on clean energy investmenst in assets for the production of clean energy from renewable sources.