BNP Paribas Securities Services, a leading global custodian with EUR 9.6 trillion in assets under custody[1], has been selected by Fondo Italiano d’Investimento SGR (FII SGR) to provide depositary banking services to its Fondo Italiano di Minoranze per la Crescita, a new private equity fund dedicated to minority investing.
FII SGR was created in 2010 at the initiative of the Italian Ministry of Economy and Finance and with the participation of CDP Equity, Intesa Sanpaolo, Unicredit, Abi and Confindustria.
Its Fondo Italiano di Minoranze per la Crescita, or Italian Minority Fund for Growth, was launched in May 2020 and aims to support the growth of Italian small and medium-sized companies. The fund has a target of EUR 400 million[2].
Andrea Cattaneo, General Manager of BNP Paribas Securities Services Italia, said:
“We are pleased to take part in a project that supports the growth of Italian small and medium-sized enterprises and the rebuilding of the Italian economy.”
Antonio Pace, CEO of Fondo Italiano d’Investimento SGR, said:
“With the new Italian Minority Fund for Growth, we intend to carry out our 10-year plan to support the domestic and international development of Italian small and medium-sized enterprises.”
[1] Source: BNP Paribas Securities Services website. See here
[2] Source: FII website. See here
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About BNP Paribas Securities Services (securities.cib.bnpparibas)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.