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Government-backed FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 9 SOURCES

Finaosta

Regional finance company wholly owned (since 2009) by Regione Autonoma Valle d'Aosta

Also known as Finaosta S.p.A., FinAosta, Finanziaria Regionale della Valle d'Aosta

Valle d'Aosta regional finance company (1982), wholly owned by the region; mainly a subsidised lender; holds regional strategic stakes (largely for the region), Bio4Dreams and an AlpGIP share.

HEADQUARTERS
Aosta, Italy
FOUNDED
1982
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
4 people

Focus

STAGES
Growth
SECTORS
—
ASSET MIX
Direct investments
GEOGRAPHY
Italy

Overview

Finaosta S.p.A. is the regional finance company of Valle d'Aosta, set up in 1982 under regional law 16/82 (replaced by law 7/06), with EUR 112 million of share capital wholly owned by the region since 2009. With its own equity (“gestione ordinaria”) it makes risk-capital and debt interventions; on the region's behalf (“gestione speciale”) and through regional revolving funds it grants subsidised loans to companies and households. Its shareholdings are mostly regional strategic companies — ski-lift operators, the energy producer CVA, property companies and the factoring firm Aosta Factor — plus a 3.23% stake in Bio4Dreams, a life-sciences startup incubator.

PORTFOLIO (7)

People

  • Marco Linty
    Chairman · source
  • Michele Mattia Sisto
    Director General · source
  • Jean Gadina
    Deputy Director General, Governance, Services and Shareholdings · source
  • Herbert Tovagliari
    Head of Shareholdings · source

Links

Frequently asked questions

Finaosta is a government-backed fund based in Aosta, Italy, founded in 1982.

Yes. Finaosta invests its own capital in private companies. It also commits capital to third-party funds as an LP.

Finaosta invests at Growth stage.

Key people at Finaosta include Marco Linty (Chairman), Michele Mattia Sisto (Director General), Jean Gadina (Deputy Director General, Governance, Services and Shareholdings) and Herbert Tovagliari (Head of Shareholdings).

Finaosta's investments include Compagnia Valdostana delle Acque (CVA), Monterosa S.p.A., Cervino S.p.A., Funivie Monte Bianco S.p.A., Bio4Dreams S.p.A. (3.23%), Aosta Factor S.p.A. and AlpGIP – Alpine Growth Investment Platform (EIF), regional partner.

No. Finaosta invests its own capital and does not raise money from outside investors.