Mediobanca Private Banking raises over $250 million in Private Markets
Mediobanca Private Markets Fund II run by Russell Investments closed successfully
LONDON, December 11, 2019 — Mediobanca Private Banking has successfully closed its second private markets fund after its September launch. Subscriptions in the Mediobanca Private Markets Fund I and II have reached over $250 million in just over a year. The investment programme in unlisted assets launched by MedioBanca Private Banking in collaboration with Russell Investments is aimed at both individual and institutional investors.
Mediobanca Private Markets Fund II, developed and managed by Russell Investments, provides Italian investors access to Private Equity, Private Debt, Real Assets and Venture Capital through a wide range of strategies and geographies. Against the current market backdrop, the Fund has exposure to the most efficient markets, including North America and Northern Europe, with a focus on medium-sized companies and US real estate, particularly resilient in terms of domestic consumption.
"We are very pleased with this result, which underlines our expertise in alternative investments", comments Theo Delia-Russell, Deputy Head of Mediobanca Private Banking and Head of Products & Services. "In increasingly complex scenarios, we have to offer investors opportunities for portfolio diversification and have therefore expanded our range of products in illiquid solutions that invest in the real economy. Club Deal Real Estate is also included in this category, an initiative that we have recently launched and that has seen strong traction with private clients."
"When considering unlisted assets, individuals and asset owners should look to invest in a long-term investment programme. Based on international best practice, it is the only way investors can get a truly diversified portfolio in terms of vintage, managers and strategies," explains Luca Gianelle, Managing Director, Italy at Russell Investments. "Deep expertise, global reach and access to the best opportunities in terms of managers and strategies are critical success factors in private markets. Launched at different points in the cycle, the Mediobanca Private Markets Fund I and II give investors access to a range of strategies globally using the dynamic deployment of capital based on where the portfolio manager sees the best relative value."
About Russell Investments
With more than 80 years of experience, Russell Investments is a global investment solutions provider, dedicated to helping investors reach their long-term goals. Russell Investments offers investment solutions in 31 countries and manages £237.5 billion in assets (as of 30 September 2019). It specialises in multi-asset solutions and investment and implementation services with a goal of delivering outcome-based investment strategies, backed by its manager research and asset classes capabilities, to its clients around the world. Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world’s major financial centers such as New York, London, Tokyo and Shanghai. For more information about how Russell Investments helps to improve financial security for people, visit russellinvestments.com.
The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested.
Investments in private market securities are generally illiquid as such investments are neither tradable on any exchange or in the secondary market nor would they be transferrable.