Through its wholly-owned subsidiary Yarpa Investimenti SGR SpA, the Group has opened its investment strategy to significant third-party investors—both institutional and private—interested in sharing the same philosophy and risk appetite, accessing investment opportunities that are challenging for individual investors to reach.

The offering is made through the establishment of Alternative Investment Funds (FIA) and Investment Mandates and targets institutional investors, family offices, foundations, pension funds, and High Net Worth Individuals (HNWI):

Types of Investors

* Data as of 12/31/2025, including funds and Mandates.

Investment Funds

Since 2012, Yarpa Investimenti SGR S.p.A. has launched 10 closed-end private equity funds of funds, with over 800 M€ in assets under management, alongside approximately 60 international funds active in Buyout strategies (upper small / lower mid / upper mid / large), Growth Capital and Co-investment funds, as well as more than 20 co-investments, for a total of over 650 companies indirectly and directly invested in.

Through a longstanding collaboration with a selected number of highly qualified international managers, the SGR provides a concrete response to the needs of institutional and private investors interested in diversifying their portfolios and participating in primary investment opportunities in the international private equity market.

Strategy Focus:

Diversification by vintage, geography, and sectors with a prudent risk diversification.
Preferential access to co-investments promoted by the SGR in partnership with large international managers.
Warehousing of investments and with the reduction of the average investment duration.
Pursuit of sustainable investment strategies.

Through the SGR, the Group has also opened its investment strategies to third-party investors, offering an integrated set of value-added services throughout the investment lifecycle.

* Data as of 12/31/2025, based on lifetime committed capital, including Investment Funds and Mandates.

* Portfolio data as of 12/31/2025, including Investment Funds and Mandates.

Details of Our Funds

Select a fund to learn more:

Vintage: 2012

Liquidation Date: 2019

Size: 30,6 M€

SFDR Classification: Art. 6

Number of portfolio companies *: 11

* including co-investments

Vintage: 2012

Liquidation Date: 2022

Size: 96,2 M€

SFDR Classification: Art. 6

Number of portfolio companies *: 44

* including co-investments

Vintage: 2014

Liquidation Date: 2023

Size: 31,2 M€

SFDR Classification: Art. 6

Number of portfolio companies *: 45

* including co-investments

Vintage: 2015

Size: 79 M€

SFDR Classification: Art. 6

Number of portfolio companies *: 80+

* including co-investments

Vintage: 2016

Size: 64,8 M€

SFDR Classification: Art. 6

Number of portfolio companies *: 80+

* including co-investments

Vintage: 2018

Size: 100,5 M€

SFDR Classification: Art. 6

Number of portfolio companies *: 140+

* including co-investments

Vintage: 2020

Size: 98,4 M€

SFDR Classification: Art. 6

Number of portfolio companies *: 80+

* including co-investments

Vintage: 2022

Size: 101,4 M€

SFDR Classification: Art. 8

Numero di società in portafoglio *: 115

* including co-investments

Vintage: 2024

Size: 94 M€

SFDR Classification: Art. 8

Number of portfolio companies *: 94

* including co-investments

Vintage: 2026

Size: 100 M€ – 150 M€ attesi

SFDR Classification: Art. 8

Number of portfolio companies *: 100 – 120 expected

* including co-investments

Investment Mandates

Since July 2018, Yarpa Investimenti SGR S.p.A. has been one of the first Italian firms authorised to manage portfolios focused on private equity investments. This strategic decision is consistent with:

the Company’s strategy, which considers a focused investment approach as its distinctive element;
the growing demand from institutional investors seeking to appoint discretionary mandates with the aim of building and maintaining a stable long-term presence in the private equity segment, fully aligned with their investment strategies.

The first discretionary mandate, amounting to 60 M€, became fully operational in the fourth quarter of 2018. In 2021, the Mandate was increased to 75 M€, in 2022 to 95 M€, and in 2025 to 120 M€.