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.
SGT ACO UMBRELLA ITALIAN FUND
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.