SGT CrescItalia Invoice Fund is an alternative closed-end investment fund under the Italian law, reserved for professional investors, which acquires non-past due trade receivables originating from the issue of commercial invoices of Italian SMEs to companies with high financial solvency and credit standing.

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Sagitta has launched, promoted and currently operates the investment fund SGT ACO Umbrella (Italy) Fund, which invests in non-performing loans (NPLs), non-core banking assets, real estate assets and in others goods that can be purchased in the context of so-called “special situations” within the Italian market.

The Fund raised approximately € 513 million and started operations in March 2021.

Exclusive advisor of the Fund is Europa Investimenti, which has a consolidated know-how and track-record of investment in the distressed assets sector.

The Fund has a multi-fund and multi-asset structure therefore it has a wide flexibility of investment in credits (of any nature), real estate, financial instruments, securitisations, as well as the possibility of intervening in the area of debt restructuring operations, pre-bankruptcy composition agreements and bankruptcies and in the context of special situations.

The investment strategy is aimed at obtaining a net return for investors of 13% (IRR target) in a total period of 8 years, of which the first three dedicated to investments and the following ones (max 5) to the realization of assets.