# Alto Partners

Alto Partners is a Multi Family Office based in Singapore, Italy.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Singapore, Italy
- **Region:** Asia
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** altopartners.it
- **LinkedIn:** https://www.linkedin.com/company/al-partners

## Regulatory record

- **Reports private funds:** No

## About

Stefano Scarpis established Alto Partners in 2000. He previously served as Direttore Generale at Fidia SGR and held positions at Mediobanca from 1986 to 1995. Raffaele de Courten joined as co-founder after work at Mediobanca and the European Investment Bank. The firm targets Italian SMEs in food, luxury, industrial, and healthcare sectors. It executes buyout and majority transactions to support generational change and expansion or minority deals for development programs. Confirmed holdings include EF Group, Gallo, FIP MEC, Dierre, and Fragesa. Operations remain concentrated in Italy with active monitoring and add-on acquisitions. Geographic focus stays domestic to maintain close oversight. The team includes Gianmarco Gandolfi as Amministratore Delegato since September 2023, Filippo Sabbion since February 2024, and Antonio Zaccheo since April 2025. Additional professionals handle investor relations, ESG, and portfolio monitoring. No separate philanthropic vehicles or club memberships beyond AIFI participation appear in disclosures. Marilù Bartolini joined as Director Investor Relations & ESG in September 2025. Alto Partners maintains an independent structure with in-house origination, due diligence, and portfolio management. This setup allows direct control over investment decisions without external fund commitments or reliance on third-party GPs for core activity.

## Sectors

- Luxury
- Industrial Tech
- Healthcare Services
- Media & Entertainment
- ClimateTech

## People

- Stefano Scarpis — President and Partner
- Raffaele de Courten — Partner
- Gianmarco Gandolfi — Amministratore Delegato and Partner
- Filippo Sabbion — Associate Partner
- Antonio Zaccheo — Associate Partner

## Questions

### Who runs investment decisions at Alto Partners?

Stefano Scarpis serves as President and Partner with oversight of origination and negotiations. Raffaele de Courten handles structuring, fundraising, and investor relations. Gianmarco Gandolfi manages portfolio origination and monitoring as Amministratore Delegato.

### Does Alto Partners participate in fund commitments or only direct deals?

Alto Partners executes direct investments in Italian companies. It does not commit to external funds as a primary activity.

### What investment stages does Alto Partners typically target?

The firm focuses on buyout and majority transactions for generational transitions. It also pursues expansion and minority positions to support growth programs.

### Which sectors does Alto Partners explicitly avoid?

Alto Partners excludes start-ups, turnaround situations, real estate, financial services, and non-ethical sectors from its mandate.

### How does Alto Partners source proprietary deal flow?

The firm relies on its partners' long-standing relationships from prior Mediobanca and Fidia SGR roles. It maintains proximity to Italian entrepreneurial families for origination.

### What is Alto Partners' known posture on co-investments alongside external GPs?

Alto Partners acts as lead or co-lead investor in its platform companies. It does not disclose routine co-investment activity with other GPs.

### Where does the underlying capital come from?

Alto Partners raises capital from institutional and private investors for its managed funds. No single family wealth origin is disclosed.

## Related profiles

- [Haven Private](https://altss.com/profile/haven-private)
- [H14](https://altss.com/profile/h14)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/alto-partners

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