# VAM Investments

VAM Investments is a Private Equity based in Milan, Italy.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Milan, Italy
- **Region:** Europe
- **Address:** Milan, Italy
- **Founded:** 2009
- **Assets under management:** Undisclosed
- **Website:** www.vaminvestments.com
- **LinkedIn:** https://www.linkedin.com/company/vam-investments-group-s-p-a

## Regulatory record

- **Reports private funds:** No

## About

VAM Investments is a private equity firm that invests in mid-large Italian companies, with a focus on majority and qualified minority investments. The firm has invested in companies such as ConformGest, a leader in post-sales services in the automotive sector, and Demenego, an eyewear company with 33 stores in Northern Italy.

## Sectors

- Consumer Discretionary
- Industrial Tech
- Financial Services
- Healthcare Services

## People

- Marco Piana — Chief Executive Officer & Founding Partner
- Antonio Belloni — Founding Partner
- Francesco Niutta — Founding Partner

## Questions

### Who runs investment decisions at VAM Investments?

Marco Piana, as CEO and founding partner, oversees the firm's investment strategy alongside the founding team. The partnership model concentrates decision-making within a small group of senior professionals rather than a broad investment committee. The founding partners maintain direct involvement in originating and evaluating both direct deals and fund commitments.

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

VAM runs both a direct private equity program and a fund-of-funds program. The direct side pursues majority or significant-minority buyouts and growth investments in mid-market Italian and Southern European companies. The fund-of-funds side commits capital to external GPs across buyout, growth, and venture strategies, primarily in Europe and North America.

### Does VAM operate outside Italy?

While VAM's direct buyout practice is concentrated in Italy, the firm's fund-of-funds and co-investment programs reach managers and deals across Europe and North America. VAM also selectively evaluates direct opportunities in neighboring Southern European markets. The Milan headquarters serves as the single office for all investment activities.

## Related profiles

- [Valvest Partners](https://altss.com/profile/valvest-partners)
- [VamosVentures](https://altss.com/profile/vamosventures)

---

Last updated: 2026-07-10T13:06:29.000Z

Canonical page: https://altss.com/profile/vam-investments

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology