Anima sgr, Anthilia Capital Partners sgr, BG Fund Management Luxembourg sa (Banca Generali group) and Tikehau Capital bet on a new asset class: trade invoices issued by healthy Italian SMEs, MF Milano Finanza writes today.
The four asset managers have actually committed a total 47.5 million euros to Credimi, a digital platform for instat financement of trade invoices founded by Ignazio Rocco di Torrepadula, a former senior advisor at Boston Consulting Group and head of the financial institutions practice for Central Europe who is now senior advisor to Tikehau Capital. Credimi has been supported by Banca Finint as for the financial issues and by Studio Legale Gattai, Minoli, Agostinelli & Partners as for the legal issues in the deal. The final portfolio will target a 5-6% gross yield or a 3-4% net yield for investors.
Credimi is the first fintech company authorized by the Bank of Italy as financial institution on the basis of art. 106 of the Banking Law. Credimi raised 8 million euros in two investment rounds this year from wellknown named of finance and industry in Italy adn abroad such as Alessandro and Mauro Benetton, Paolo Merloni, Lorenzo Pelliccioli, Nerio Alessandri, the Venesio family, Hans Paul Burkner (chairman of The Boston Consulting Group), Giovanni Landi (Anthilia sgr), Massimo Tosato (former executive vice chairman e global head of distribution di Schroders) and Dante Roscini (former top banker in Morgan Stanley and Merrill Lynch and now finance professor at the Harvard University).
The four asset manager will invest their money through their open-end and/or closed-end investment funds every 15 days subscribing asset backed securities issued by Berlino spv, whose master servicer is Securitisation Services (Finint group) with Berlino spv buying invoices on the Credimi platform.