# Gepafin Spa

Gepafin Spa is a Government / Public Body based in Perugia, Italy.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Perugia, Italy
- **Region:** Europe
- **Address:** Via Campo di Marte, 9, 06124 Perugia (PG), Italy
- **Founded:** 1987
- **Assets under management:** 18.8 (Altss estimate)
- **Website:** www.gepafin.it
- **LinkedIn:** https://www.linkedin.com/company/gepafin-s-p-a

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Venture Capital
- Private Debt

## Offices

- Foligno, Italy

## People

- Carmelo Campagna — President

## Questions

### Who runs investment decisions at Gepafin Spa?

Carmelo Campagna serves as president and oversees the agency's financing programs. Decisions align with the statutory mandate set by majority shareholder Regione Umbria.

### How does Gepafin Spa source proprietary deal flow?

The agency receives applications directly from Umbrian small- and medium-sized businesses seeking venture or debt support. Regional development partner Sviluppumbria S.p.A. provides additional origination channels.

### Does Gepafin Spa participate in fund commitments or only direct deals?

The agency focuses on direct debt facilities and venture investments into individual companies. No public information confirms participation in external fund commitments.

### What investment stages does Gepafin Spa typically target?

The firm targets early-stage seed and start-up rounds as well as expansion and late-stage venture opportunities. All activity stays within its statutory regional development remit.

### Where does the underlying capital come from?

Regione Umbria holds 56 percent ownership directly or indirectly. Monte dei Paschi di Siena participates as a minority shareholder and banking partner.

### What is Gepafin Spa's known posture on co-investments alongside external GPs?

No public record details co-investment activity with external managers. The agency executes its own direct financing programs.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/gepafin-spa

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