illimity SGR, the illimity Group’s asset management company created to set up and manage alternative investment funds, recently announced the first closing of its fund, “illimity Credit & Corporate Turnaround” (“iCCT”). According to the update, the contribution fund is dedicated to investments in unlikely-to-pay (“UTP”) loans to small and medium-sized enterprises (“SMEs”) with revival and relaunch prospects. “The management team of our first turnaround fund effectively combines financial and industrial skills that allow us to look beyond the reports to capture the potential of the companies in which the fund invests,” said illimity SGR’s UTP & Funds unit head Paola Tondelli. “This first turnaround fund, which has very innovative technical features, will soon be followed by other initiatives, always aimed at relaunching the entrepreneurial soul of the country, which will find in illimity SGR a new type of support, not only financial, but also advisory for a strategic vision.”
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About illimity
illimity is the high-tech banking group founded and led by Corrado Passera. A bank born without constraints: without the limits of the traditional system but with the solidity and seriousness of the best experiences. illimity provides credit to high-potential companies. For more information, visit www.illimity.com.
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