What we do
Coronavirus outbreak: EIB Group’s response to the pandemic
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Asset Management Umbrella Fund (AMUF)
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

EIF commits EUR 30 million to PMI Italia II, a private debt fund managed by Finint SGR

    Date: 03 March 2020
  • This new EIF investment operation will help support new development projects benefiting Italian SMEs
  • Thanks to the EIF’s participation, PMI Italia II will have EUR 110 million in available funds, with a target closing of EUR 150 million by June 2020
  • Launched in January 2019, the Fund had already completed EUR 32 million worth of investments via nine operations as of 31 December 2019

Conegliano (Tv), 2 March 2020 – The European Investment Fund (EIF, part of the EIB Group) has signed an agreement with Finint Investments SGR to join the investor pool of the PMI Italia II private debt fund. The EIF investment of EUR 30 million is backed by the European Fund for Strategic Investments (EFSI), Private Credit Tailored for SMEs, and has disposable resources of EUR 110 million.

Thanks to the capital provided by EIF, PMI Italia II, the third private debt fund of Finint SGR, is able to provide resources to finance, promote and support the growth and internationalisation of Italian SMEs.

The Fund’s target closing is EUR 150 million by June 2020. One of the Fund's strengths is that Finint SGR has a significant track record in private debt fund management of over EUR 250 million and 65 operations.

PMI Italia II is a closed-ended private debt fund, reserved for accredited investors and is intended for investment in debt instruments, chiefly Italian SME bond issues, with a maximum tenor of nine years and a three-year investment period. PMI Italia II will focus its investment selection on Italian SMEs via a structured, independent process based on cash flow stability, export orientation, sound, transparent governance and stable, realistic development and growth plans. The portfolio instruments will mainly be senior medium and long-term debt securities, with a rating of at least B+ or equivalent.

Paolo Gentiloni, European Commissioner for the Economy, said: “I am proud that 300,000 SMEs are already benefitting from improved access to finance in Italy thanks to agreements under the Investment Plan for Europe. Small and medium businesses in Europe still face the challenge of obtaining the necessary financing to grow, develop and take on more staff. Today’s agreement is a step forward to ensure that SMEs benefit from alternative funding solutions.

For an operator like us, which aims to bring the capital market to Italian SMEs”, said Mauro Sbroggiò, CEO of Finint Investments SGR, “doing it using supranational capital makes us very proud. It is rewarding also that following a process of intense due diligence, the EIF's team has acknowledged our experience and professionalism in the private debt asset class in Italy. PMI Italia II can now number among its cornerstone investors Fondo Italiano d’Investimento and Fondo Europeo per gli Investimenti: this is an important step in terms of private capital growth, which is one of Finint SGR’s key strategies and will be one of our growth drivers over the coming three years. We are planning to launch a private equity fund and hope to repeat the positive experiences that private debt has given us in contributing to the growth and development of Italian SMEs.

"This operation is designed to support the growing private credit market across Europe and we are pleased to work with Finint Investments SGR to offer this new type of financing to SMEs operating on the Italian market. In the context of rapidly changing market realities, we are constantly looking for new and innovative ways to help SMEs access the financing they need. For small businesses, diversified debt funds are an important alternative to standard bank loans”, said EIF Chief Executive Alain Godard.

Background information:

The European Investment Fund (EIF) is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

Finint Investments SGR
Finint Investments SGR is an asset management company (Finanziaria Internazionale Group) authorised to set up, promote and manage alternative and ordinary investment funds. Finint Investments SGR is recognised for its active management style, examining context and the reference market and boasting a range of profitable financial instruments that focus on asset classes with a high degree of innovation. The expertise gained in managing alternative investment funds has also enabled the company to rapidly develop an innovative and dynamic specialisation in creating ordinary investment funds. Finint Investments SGR represents the ideal institutional instrument to promote, set up and manage investment funds and run investment portfolios on behalf of institutional investors.

Press contacts

Finint Investments SGR

  • Press Office:

Community - Strategic Communications Advisers

Giuliano Pasini - 0422 416111 - finint@communitygroup.it

Giovanna Benvenuti - 0422 416109 - finint@communitygroup.it

  • External Relations Office:

Eleonora Riva – 0438 360679 – eleonora.riva@bancafinint.com


Marco Santarelli
Tel.: +352437984060

Website: www.eib.org/press
Press: +352 4379 21000 - press@eib.org

European Commission

Siobhán Millbright
Tel.:+ 32 2 29 57 361


We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund 2020 – The European Investment Fund is not responsible for the content of external internet sites.