Caceis wins Italian SICAF mandate 05 May 2016Milan Reporter: Stephanie Palmer
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Caceis has been selected by Italian investment holding company Oltre Venture as depository for the first operational below-threshold, self-managed fixed-capital investment fund, or SICAF.
The fund, Oltre II SICAF EuVECA SpA, will run an investment policy focusing on venture capital transactions with a social impact, as well as development of disadvantaged areas and job creation.
It will invest in sectors linked to education, health, social housing and agriculture.
Caceis will provide custody and depository services, as well as calculating net asset value and maintaining the register of shareholders.
Luciano Balbo, president of the new SICAF fund, said: "The launch of Oltre II is an important achievement as it has applied the unique and pioneering expertise of Oltre Venture in Italy to an institutional fund that aims to finance companies that contribute to Italy's social innovation."
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