CDP Equity

CDP Equity is an Italian state-controlled investment vehicle, wholly owned by Cassa Depositi e Prestiti (CDP), established in 2011. The firm operates as a strategic, long-term investor, providing patient capital to safeguard key national assets, foster innovation, and promote the internationalization of Italian companies. It adheres to market-oriented principles while targeting adequate returns, aiming to support Italy's development and enhance its industrial competitiveness.

The firm's mandate involves acquiring equity stakes in companies deemed of significant national interest, characterized by robust balance sheets, profitability, and strong growth prospects. CDP Equity pursues its objectives through both direct and indirect shareholdings in strategic sectors, often acting as a minority shareholder to complement private market resources. Additionally, it commits capital to private equity, venture capital, and alternative asset funds via its subsidiaries, positioning itself as Italy's largest domestic investor in these areas and a crucial supporter of the national business ecosystem.

CDP Equity's diverse portfolio includes significant holdings in major Italian firms across various sectors. Notable investments and acquisitions include companies like Telecom Italia, Generali, Hera, Maticmind, Open Fiber, SIA, Ansaldo Energia, Fincantieri, and Autostrade per l'Italia. The firm has also engaged in joint ventures such as Green IT, focusing on solar and wind energy projects. CDP Equity actively participates in the corporate governance of its portfolio companies, aiming to ensure active governance, facilitate development options, and plan for market-based exits.

The firm is headquartered in Milan, Italy, and was initially established as Fondo Strategico Italiano (FSI) in 2011, later rebranded as CDP Equity in 2016. The team comprises approximately 16 members, including principals, and is led by key individuals such as Paolo Perrone (chairman) and Fabio Barchiesi (CEO). CDP Equity's strategies are aligned with Italy's national priorities, focusing on areas like fighting climate change, accelerating energy and digital transitions, and promoting gender equality.