H14

H14

H14 S.p.A. was established in 1978 in Milan as the primary vehicle for managing Berlusconi family interests. Its largest disclosed holding remains the qualified stake in Fininvest S.p.A., the Italian media conglomerate. The office maintains additional direct holdings in real estate assets including B Cinque S.r.l. and Mi Home in Milan. Investment activity spans direct venture and growth equity, commitments to private equity and hedge funds, and real estate. Confirmed positions include Young Platform and Cardi Gallery. Capital is allocated across Europe and North America with opportunistic exposure to emerging markets. The firm participates in both fund commitments and direct co-investments, often alongside other Italian and European family offices. H14 employs an internal board that includes Luigi Berlusconi as chairman together with Barbara Berlusconi, Eleonora Berlusconi, Geronimo La Russa and Furio Pietribiasi. The firm is an active member of AIFI, the Italian private equity and venture capital association. No additional offices outside Milan are disclosed. In the last 24 months the board composition and investment posture have remained unchanged. H14's structure is defined by its permanent qualified shareholding in Fininvest alongside a separate multi-asset portfolio. This dual mandate creates a governance link between the operating media business and the family's diversified financial holdings that is uncommon among European single-family offices.