CIV - Compagnia per l'Innovazione e per i Valori

Founder Alessandro Nitti sets the strategic direction as the controlling mind, while Board Member Francesco Tam has served as Chief Investment Officer since 2018. The General Manager, Enrico Parretta, handles operational oversight. This trio works within a deliberately lean structure — CIV serves a restricted number of families rather than operating as a broad wealth-management platform.

CIV operates through a group of wholly controlled European entities and maintains unusually tight operational ties to certain holdings. Founder Alessandro Nitti is Executive Chairman of MeglioQuesto S.p.A., and CIO Francesco Tam became CFO of that same company in August 2023. This embedded model departs from the arm's-length advisory posture typical of multi-family offices.

CIV predominantly allocates via direct investments across private equity, private credit, and real estate, supplemented by mission-related patronage. The firm does not present itself as a fund-of-funds allocator; its website emphasizes controlled entities and direct economic stewardship rather than manager selection.

CIV treats cultural and social projects as extensions of its investment philosophy rather than peripheral grant-making. The firm supported artist Lorenzo Puglisi at the 59th Venice Biennale and co-produced the documentary 'Come una piuma,' about para pole dance world champion Francesca Cesarini, alongside Banca Etica and EticaSGR. The 'WeTomorrow' initiative provides digital education infrastructure to students without remote-learning access.

CIV has not publicly disclosed the wealth origins of the families it serves. The founder's two-decade banking career at JPMorgan and Banca Intesa — spanning Vienna, Milan, London, and New York — likely shaped the European high-net-worth network from which the client base is drawn, but no specific industry or family lineage has been named.

CIV's investment focus is European, with a Swiss subsidiary in Scuol, Graubünden, reinforcing its pan-European posture. The firm's website references European and pan-European jurisdictions without specifying activity in North America or Asia, and all known sponsorships and portfolio ties point to Italian and Swiss operations.

The mandate translates into four recognized forms of capital — economic, social/environmental, cultural, and human/intellectual — and CIV allocates across market finance, corporate finance, and social finance simultaneously. In practice, this means a blend of traditional direct investments (private equity, credit, real estate) alongside film production, artist support, and edtech initiatives like WeTomorrow, rather than a separate impact-investment carve-out.