Gepafin Spa

Gepafin Spa

Gepafin Spa was established in 1987 by Regione Umbria as a regional financing body. Carmelo Campagna serves as its president and holds the vice presidency of ANFIR. The agency operates with 56 percent ownership held directly or indirectly by the regional government. Its strategy centers on early-stage seed and start-up financing alongside expansion and late-stage venture commitments. Capital is deployed through direct debt facilities and venture programs that support small- and medium-sized enterprises. Geographic focus remains Italy with primary activity inside the Umbria region and secondary reach into national markets. Confirmed partners include Monte dei Paschi di Siena as a banking shareholder and Sviluppumbria S.p.A. as an indirect stakeholder. The firm maintains a headquarters in Perugia and a branch office in Foligno. It belongs to AIFI and ANFIR, where Campagna holds a leadership post. No public disclosure exists on total headcount or additional vehicles beyond the core agency structure. Gepafin operates under a statutory mandate that ties investment decisions to regional economic development objectives rather than pure financial return. This creates a governance link to public shareholders that distinguishes it from independent venture or credit managers.