Cdp’s Patrimonio Destinato and the project of the restructuring fund of funds. Here’s what’s in the pot to deal with the crisis and UTPs

There is a great deal of expectation among those working in the restructuring sector regarding the use of the Patrimonio Destinato, i.e. the 44 billion euro fund launched by the Decreto Rilancio last May and which will be managed by Cassa Depositi e Prestiti with the aim of recapitalising medium and large Italian companies in difficulty due to the Covid-19 emergency (see another article by BeBeez). A crucial point for the market is to understand how Cdp will involve private capital players. Because the regulation provides for it, but to understand how the implementing decree is needed. Which has been said to be on its way for some time but never arrives. To understand the timing, just think that, according to paragraph 5 of art. 27 of th