Arca Sviluppo Italia
Investing in the growth of Italian SMEs
Arca Sviluppo Italia is a closed-end alternative investment fund (AIF) managed by Arca Fondi SGR, dedicated to supporting listed Italian small and medium-sized enterprises. The initiative was established to strengthen Italy's domestic capital market and make a tangible contribution to the development of the real economy.
The Fund forms part of the Indirect National Strategic Fund (FNSI), a compartment of Patrimonio Rilancio established by the Italian Ministry of Economy and Finance and managed by Cassa Depositi e Prestiti.
Arca Sviluppo Italia aims to:
Revitalise the market
Help revitalise the Italian equity market
Increase liquidity
Increase trading volumes and liquidity in SME shares
Support high-quality companies
Back companies with solid fundamentals and structural growth prospects
Create value
Create value for investors and for the Italian economy
Investment strategy
The Fund focuses on Italian small- and mid-cap companies characterised by:
- Distinctive competitive advantages
- A position in high-value market niches
- Strong innovation capabilities
- Long-term growth potential
The approach is bottom-up and based on in-depth fundamental analysis, with the aim of optimising the risk-return profile.
The Fund has an investment horizon of approximately 6.5 years, with first closing expected in mid-2026.
Bottom-up approach
In-depth fundamental analysis to optimise the risk-return profile.
Approximately 6.5 years
Investment horizon, with the first closing expected in mid-2026.
A fund aligned with ESG principles
PIR-compliant
Meets the tax requirements applicable to ordinary PIR funds
Article 8 under the SFDR
Is classified as an Article 8 fund under the SFDR and promotes environmental and/or social characteristics
ESG integration
Integrates ESG criteria into its investment process to foster sustainable and responsible development
Target investors
The Fund is intended for professional investors, particularly:
Financial institutions
Insurance companies
Foundations
Pension funds and pension institutions
Arca Fondi's Experience
Arca Fondi SGR is a leader in the Italian PIR market, with EUR 2.8 billion in assets under management and a 10.2% market share as at 30 March 2026.
Arca Sviluppo Italia complements Arca Space Capital, the private equity fund dedicated to high-potential Italian SMEs, further strengthening Arca’s position in private markets and closed-end funds.
A long-term vision
Arca Sviluppo Italia was created to unlock the value of the entrepreneurial businesses at the heart of the Italian economy: companies that are often global leaders in their niches, combining specialisation, quality and innovation.
The initiative brings together expertise, experience and strategic vision to support the growth of Italian companies and create lasting value.
