PRINT THIS PAGE Clessidra closes Italy's largest buy-out fund on €800m31/01/2005. Source: AltAssets. 
 Italy's Clessidra Capital Partners has closed its debut private equity fund with commitments of €800m, making it the largest ever dedicated Italian fund ever raised.
Investors include The California Public Employees' Retirement System, New York State Common Retirement Fund, Banca Intesa, Lehman Brothers, HypoVereinsbank, Fondazione Cariplo, Fondazione Cariverona, Banca Nazionale del Lavoro, Telecom Italia, ABN Amro and Aviva.
Clessidra's investment strategy focuses on medium to large Italian companies. The firm has already made two investments from its debut fund: Società Gasdotti Italia and Sirti.
Clessidra's founder and CEO, Claudio Sposito, is a former chief executive of Italian prime minister Silvio Berlusconi's family holding company Fininvest.
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