{"id":1468,"date":"2019-07-19T15:40:00","date_gmt":"2019-07-19T13:40:00","guid":{"rendered":"https:\/\/www.progressiosgr.it\/progressio-raggiunge-lhard-cap-con-una-raccolta-di-euro-250-milioni\/"},"modified":"2025-12-02T12:40:50","modified_gmt":"2025-12-02T11:40:50","slug":"progressio-closes-oversubscribed-fundraising-for-pi-iii-reaching-euro-250-million","status":"publish","type":"post","link":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-closes-oversubscribed-fundraising-for-pi-iii-reaching-euro-250-million\/","title":{"rendered":"Progressio closes oversubscribed fundraising for PI III, reaching euro 250 million"},"content":{"rendered":"\n<section data-block-name=\"im-text-on-bg\" class=\"im-text-on-bg ow-hidden margin bg-common \">\n    <div class=\"im-text-on-bg__container basic-container container no-padding\">\n        <div class=\"im-text-on-bg__text-wrap flex flex-column container-grid-el text-left\">\n\n            \n                        <div class=\"im-text-on-bg__quote-wrap\">\n                <p>Milan, 19th July 2019 \u2013 Progressio SGR\u2019s Board of Directors approved the final closing of the fund Progressio Investimenti III (the \u201cFund\u201d), reaching a Euro 250 million hard cap, which is the maximum permitted by management rules, having collected commitments above the expected target of Euro 225 million.<\/p>\n            <\/div>\n            \n                        <div class=\"im-text-on-bg__p flex flex-column-m\">\n                                <div class=\"col-text common-text-editor-style \">\n                    <p>The majority of the capital has been raised from new investors (mainly institutional) who have demonstrated a strong interest in the initiative. The management team has invested more than 5% of the total commitment.<\/p>\n<p>&nbsp;<\/p>\n<p>The Fund has already carried out three investments (Save The Duck, Gampack and Gelit) and is close to the completion of two additional investments before the end of this summer, after which approximately 40% will have been invested.<\/p>\n<p>&nbsp;<\/p>\n<p>Progressio hired the law firms Legance \u2013 Avvocati Associati (Enzo Schiavello and Riccardo Daguati) for legal matters and Studio Di Tanno e Associati (Fabio Brunelli and Sabrina Tronci) for tax matters to assist in the closing of Fondo III.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Filippo Gaggini, Managing Partner of Progressio<\/strong> declared: <em>\u201cWe are proud of the results achieved. The success is due to the recognition of the quality work done by the whole team in the last few years and to the projections for the future which will benefit from three main principles that inspire our activity: a cohesive and stable management team, a strong commitment of the team shown by a significant investment in the Fund and a knowledgeable, structured industrial approach in scouting, selecting and managing our targets, and in identifying the best future potential buyer. To our investors we say thank you for placing their full trust in this new initiative and also to the previous funds\u2019 investors for having confirmed the partnership that has brought us together for many years.\u201d<\/em><\/p>\n                <\/div>\n                                            <\/div>\n            \n                        <div class=\"im-text-on-bg__cta-wrap\">\n                <a href=\"https:\/\/www.progressiosgr.it\/wp-content\/uploads\/2025\/12\/Progressio_Press-Release_ENG_Final-closing.pdf\" title=\"Press release\" target=\"_blank\" class=\"im-text-on-bg__cta btn-base\">Press release<\/a>\n            <\/div>\n                    <\/div>\n    <\/div>\n<\/section>\n\n\n    <section class=\"custom-quote ow-hidden bg-dark no-margin \">\n        <div class=\"custom-quote__container basic-container container padding\">\n            <div class=\"custom-quote__wrapper container-grid-el text-center\">\n                                <blockquote class=\"custom-quote__quote quote\">&#8220;A success which has also been conferred on Progressio by the business-financial community. After receiving the &#8220;Private Equity of the Year 2018 &#8211; Claudio Dematt\u00e8&#8221; award with Industrie Chimiche Forestali, Progressio was recently awarded by Top Legal as &#8220;Best Private Equity Fund 2019&#8243; focused on Made in Italy thanks to \u201cits industrial approach and the solid knowledge of the market which contribute to make Progressio a forerunner in interesting and innovative sectors on the SME landscape\u201d.&#8221;<\/blockquote>\n                                                             \n            <\/div>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-1468","post","type-post","status-publish","format-standard","hentry","category-press"],"acf":[],"yoast_head":"<!-- This site is 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