First Capital

First Capital combines Private Investments in Public Equity with private equity buyout and growth deals, targeting small and medium enterprises. The firm takes an active management role in its portfolio companies with a medium- to long-term value creation horizon. The strategy spans both listed and unlisted Italian companies.

The firm targets both. Public-market activity takes the form of PIPE transactions, while private-market work covers direct buyout and growth equity. This dual-liquidity approach is relatively unusual among Italian holding companies focused on the SME segment.

First Capital states it has completed over 100 investments. The firm does not disclose current assets under management, fund sizes, or individual portfolio company names on its website.

The firm's own website references a global presence among its target companies, but primary sourcing points to a domestic Italian focus for the holding company. No international offices or specific ex-Italy portfolio holdings are publicly disclosed.

First Capital does not publicly name its principals, investment committee members, or management team on its corporate website. The leadership structure remains private.