# Norfin

Norfin is a Single Family Office based in Milan, Italy.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Milan, Italy
- **Region:** Europe
- **Address:** Milan, Italy
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** norfin.it
- **LinkedIn:** https://linkedin.com/company/norfin

## Regulatory record

- **Reports private funds:** No

## About

Norfin S.p.A. traces its roots to the De Nora industrial group. Michele De Nora serves as beneficial owner. The firm functions as the dedicated vehicle for family capital after the 2018 sale by Italmobiliare. Investment activity centers on private equity, real estate, private credit and distressed situations. Confirmed positions include a stake in Industrie De Nora S.p.A. alongside a €1 million annual consultancy agreement. Real estate holdings feature the Campo Novo mixed-use project in Lisbon developed with Arrow Global and King Street, plus the Aroeira Collections by Missoni branded residences in Portugal. All activity remains within Europe. The team includes Francisco Sottomayor as CEO of the Portugal operations and Pietro Michele Villa as board member since March 2024. Luigi Gilli represented the firm at the MondoInstitutional Family Office Forum in October 2025. Norfin maintains interlocking directorates with multiple Italian companies through Flavio Raimondo.

## Sectors

- PropTech
- Energy Transition & Renewables
- Supply Chain & Logistics
- WaterTech
- Distressed & Turnaround
- Sports & Wellness
- Luxury
- AgriTech & FoodTech

## People

- Michele De Nora — Beneficial Owner
- Francisco Sottomayor — Chief Executive Officer of Norfin Group (Portugal)
- Pietro Michele Villa — Board Member
- Luigi Gilli — Key Principal
- Flavio Raimondo — Chairman of the Board of Statutory Auditors

## Questions

### Who runs investment decisions at Norfin?

Michele De Nora is the beneficial owner. Francisco Sottomayor serves as CEO of the Portugal group. Pietro Michele Villa and Flavio Raimondo hold board and statutory auditor roles.

### How is Norfin related to Arrow Global?

Arrow Global acquired Norfin in 2018 and remains the parent. The two entities co-invest in projects such as Campo Novo in Lisbon.

### Does Norfin participate in fund commitments or only direct deals?

The firm makes direct equity investments and real estate developments. It also holds positions through primary banks and private equity funds.

### What geographies does Norfin target?

All disclosed activity occurs in Europe, with specific projects in Italy and Portugal.

## Related profiles

- [Nordtreuhand](https://altss.com/profile/nordtreuhand)
- [North Channel](https://altss.com/profile/north-channel)

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

Canonical page: https://altss.com/profile/norfin

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