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Clessidra SGR
Clessidra SGR is a asset manager based in Milan, founded 2000; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
Clessidra SGR
Clessidra SGR S.P.A. is a Milan-based investment adviser registered with the SEC since 2012.
General information
Firm type
Asset Manager
Year founded
2000
Location
Region
Europe
Country
Italy
City
Milan
Corporate office
Milan, Italy
Principals
Federico Ghizzoni
Chairman
Michele Calzavara
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Clessidra SGR?
The firm is chaired by Federico Ghizzoni (former UniCredit CEO) and led by CEO Michele Calzavara. Investment decisions flow through separate fund committees for each strategy—private equity, real estate, infrastructure, and private debt.
Does Clessidra operate as a family office or an independent asset manager?
Clessidra is an independent asset manager, not a single or multi-family office. It manages third-party capital through regulated closed-end funds and is supervised by Banca d'Italia as an SGR (Società di Gestione del Risparmio).
What investment stages and geographies does Clessidra target?
Clessidra focuses exclusively on Italian mid-market companies. In private equity, it targets majority and significant minority stakes in companies with enterprise values between €100 million and €500 million. Its real estate and infrastructure funds target value-add and regulated assets within Italy.
Does Clessidra co-invest alongside external partners?
Public disclosure on co-investment practices is limited. The firm typically leads its own deals and may syndicate portions to limited partners. Direct co-investment opportunities are primarily offered to existing fund investors.
How does Clessidra source proprietary deal flow?
Clessidra sources deals through its established network of Italian entrepreneurs, professional advisors, and bankers. Its single-market focus allows deep penetration into mid-market opportunities that may not reach auction processes, giving it proprietary origination in manufacturing, consumer goods, and business services.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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