Investment Strategy
CDP Equity is the strategic equity investment arm of Cassa Depositi e Prestiti (CDP), Italy’s national promotional institution. CDP manages approximately $300 billion in total assets, funded primarily by Italian postal savings deposits. CDP Equity specifically manages approximately $30 billion in equity investments focused on strategically important Italian companies and infrastructure.
CDP Equity invests in sectors considered vital to Italy’s economic development, including energy, telecommunications, transportation, defense, technology, and financial services. The entity operates as both a direct equity investor and as a fund investor, committing capital to Italian and European private equity and infrastructure funds.
The investment strategy combines a national strategic mandate with commercial return objectives. CDP Equity takes significant stakes in Italian companies and platforms, often acting as an anchor investor alongside private sector partners. The fund’s patient capital approach and long-term horizon make it a valuable partner for GPs with Italian or Southern European deal flow.
How to Approach
CDP Equity’s investment team operates from Rome. GPs with Italian or Southern European investment strategies will find the most receptive audience. The entity is interested in funds that can provide capital and operational expertise to Italian companies, particularly in sectors aligned with Italy’s strategic priorities.
GPs should approach CDP Equity with a clear articulation of how their strategy relates to Italy’s economic development objectives. The entity also invests in broader European funds, particularly those with meaningful Italian portfolio company exposure. CDP Equity participates in Italian and European institutional investor conferences and is accessible through the Italian private equity ecosystem (AIFI network).
Frequently Asked Questions
What is CDP Equity's investment focus?
CDP Equity focuses on strategic equity investments in Italian companies and infrastructure. The entity invests in sectors considered strategically important to Italy's economy including energy, telecommunications, transportation, and technology. CDP Equity functions as both a direct investor and a fund investor, committing to Italian and European private equity funds.
How can fund managers approach CDP Equity?
CDP Equity's investment team is based in Rome. GPs should approach the fund investment team directly. CDP Equity is particularly interested in funds that invest in or have a significant focus on Italian and Southern European companies. GPs with Italian sector expertise or deal flow will find the strongest reception.
How does CDP relate to Italy's pension system?
CDP is funded primarily by Italian postal savings deposits, which represent a form of household savings. While not a pension fund in the traditional sense, CDP manages these savings with a long-term investment horizon similar to pension capital. CDP's postal savings base of approximately $300 billion provides stable, long-term funding for its investment activities.
