Fondo Strategico Nazionale del Made in Italy

Investment decisions are overseen by the Ministry of Enterprises and Made in Italy, which sets strategic guidelines and must authorize each investment operation. The fund is not independently managed; it operates as a direct instrument of Italian industrial policy under the authority of Minister Adolfo Urso.

Cassa Depositi e Prestiti, Italy's national development bank, acts as the operational manager through its equity arm CDP Equity. CDP handles deal sourcing, due diligence, and portfolio administration, and may also co-invest alongside the fund in specific transactions.

The fund makes direct minority co-investments in operating companies. It does not function as a fund-of-funds. The strategy calls for taking stakes alongside private capital partners rather than deploying capital through external managers.

The mandate covers companies involved in any stage of supply chains linked to the Made in Italy brand. Confirmed focus areas include agri-food, luxury goods, fashion, industrial design, advanced manufacturing, and green technologies that support Italian production. The fund also maintains real-asset and SME-focused sub-vehicles.

As of mid-2023, the fund had begun screening targets in agri-food and luxury supply chains but had not publicly disclosed any completed transactions. Early-stage operational ramp-up was ongoing through CDP Equity's existing deal-sourcing infrastructure.