The asset management company for Italian infrastructures: F2i

F2i is an asset management company that gathers funds destined to Italian infrastructural system since 2007. It relates to both national and international investors that can be either public or private.

The Italian company for infrastructures: F2i

F2i is the company dedicated to funds for Italian infrastructures born in 2007 and it is the widest closed-end fund in Italy and one of the major in Europe. Its aim is to turn Italian infrastructural situation to a competitive level with European realities. Main sectors F2i invests in can be identified in infrastructures, transportation, water, gas and electricity delivery, telecommunications and media, waste managing, health, public services and social infrastructures. This SGR (saving managing society) has been created in cooperation with institutions, credit institutes, international banks, banking foundations and public welfare funds. Renato Ravanelli has been appointed CEO in October 2014, while its President is Bernardo Bini Smaghi.

The First Fund has been created in 2007, while the Second Fund in 2012 and both have a lasting period of fifteen years.

F2i's investment Funds and their target

In 2007 F2i's First Fund has been established and it has an investment lasting forecast of 15 years.

The gathered amount is 1,852 million Euros, which is at the moment completely invested. It has major shares in important companies, such as 2i Rete Gas, Alerion Clean Power, HFV, Gesac, Infracis, Metroweb, Sagat, while a minor share in SEA. The Board of Governors approved the Second Fund in 2012. It aims to gather an amount of 1,200million Euros. The shares subscribed so far amount to 775 million Euros, while some investments have been already made in societies such as 2i Rete Gas, SIA, SEA (second tranche) and TRM. Both Funds aim to represent a point of reference for public and private infrastructural sector, promoting privatization processes as well as a dialogue between national and international investors. Its investment policy has the goal of creating a diversified portfolio of shares, in those societies that operate in each infrastructural sector, mostly in Italy. F2i's First and Second Fund aim to acquire the majority or qualified minor shares, which can allow them to play a relevant role in terms of society governance. The main target is of course to create a stable and lasting value, together with a considerable turnover. The portfolio diversification is regulated by an overall set of criteria, which first of all gathers indications on percentages of investment applicable to each sector of business. That means that F2i is allowed to invest no more than the 20% of the overall Fund amount in single societies, or in societies belonging to the same group; same conditions are foreseen for "greenfield" investments and in those related to European Union Countries. A different situation is drawn for quoted financial devices, for which the First Fund is allowed to invest the 30% of its overall amount, while the percentage is still fixed at 20% for the Second Fund that is still collecting resources.

For more information on F2i, visit the Slideshare profile.

F2i and its investment Funds dedicated to infrastructural field in Italy, conceived for national and international partners, active in both private and public sectors