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Azimut enters the venture capital sector with Earlybird Venture Capital

Azimut Holding, the main independent asset management company in Italy, continues its product diversification strategy which is among the Group core characteristics availing itself of the investment management competences of one of the most important players in Europe with an excellent track record.
Earlybird Venture Capital, founded in 1997 in Germany with offices in Hamburg, Munich and Berlin, currently has 4 close-ended funds for a total of € 430 million assets under management. Earlybird is present in Italy since 2011 with Michele Novelli (former managing director at Hansenet), Rolf Mathies (among Earlybird’s founding partners), Barbara Poggiali (former CEO of Dada and previously at Rcs Mediagroup) and Andrea Baldini (former Cisco) with whom the partnership will be developed.
The agreements will envisage the launch, within Azimut Group’s Luxembourg platform, of a close-ended fund dedicated to qualified investors with the objective of investing in Italian start-up companies active in the technology sector, a model successfully pursued in Germany. The fund advisory will be assigned to an advisory company 60% owned by Earlybird’s Italian partners and 40% owned by Azimut Holding.
Pietro Giuliani, Chairman and CEO of Azimut Group, comments that: “once again Azimut concentrates its work and efforts in the development of highly innovative products and in the search for the most talented investment management competences. With this partnership we will combine Earlybird’s know-how and distribution capabilities with our local knowledge of institutional clients and high net worth individuals assisted by the private bankers of Azimut Wealth Management”.
Michele Novelli, Managing Partner of Earlybird in Italy, comments that: “Earlybird will operate in the Italian market through a team of professionals with international experience during a period in which the country, despite the economic environment, is generating a stream of very innovative projects in line with the average dealflow of other European countries. Thanks to the partnership with Azimut Group we will develop the venture capital sector in Italy and support Italian start-up companies with specific competences and with an international network of contacts.”

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