About This Fund
CDP Venture Capital – Large Ventures Fund is Italy's first dedicated late-stage venture capital vehicle, managed by CDP Venture Capital SGR, the investment arm of Cassa Depositi e Prestiti. The fund held its first closing at €150 million in November 2022—anchored by CDP Equity as cornerstone investor plus €50 million from the government-backed co-investment fund of the Ministry of Enterprises and Made in Italy—and has since grown to €460 million in assets under management, well on its way toward its €700 million final fundraising target.
Large Ventures is a generalist fund that invests across all sectors, deploying minimum €10 million tickets in Italian companies raising Series B and C rounds of €20 million or more, in co-investment with international partners. The fund also participates in capital-intensive Series A rounds in strategic areas including DeepTech and BioTech. Its mandate is to serve as an anchor investor that catalyzes foreign capital into Italy's late-stage tech ecosystem and provides Italian scale-ups with the capital density needed to compete internationally. The fund is classified as an Article 8 sustainable financial instrument under EU Regulation 2019/2088, reflecting a responsible investment framework aligned with European sustainability standards.
As of the latest reporting period, Large Ventures manages a portfolio of six companies, reflecting a selective, high-conviction approach typical of late-stage venture investing. The fund is managed by CDP Venture Capital SGR from its registered office in Rome, with a second office in Milan, aligning with Italy's two primary innovation hubs. Its positioning as a cornerstone institutional LP in late-stage Italian rounds makes it the most significant domestic source of growth capital for Italian technology companies seeking to scale globally.