Fondazione Caritro
Also known as Fondazione Cassa di Risparmio di Trento e Rovereto
Trento banking foundation; ≈€495M financial assets at book value (end-2025); private-markets fund commitments (≈€44M) held via a dedicated Quaestio-managed vehicle.
- HEADQUARTERS
- Trento, Italy
- FOUNDED
- 1992
- AUM
- €495M (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
FOCUS
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityFunds (as LP)Public equitiesReal estate
- GEOGRAPHY
- ItalyEuropeGlobal
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
ABOUT
Fondazione Cassa di Risparmio di Trento e Rovereto (Fondazione Caritro) is a foundation of banking origin established in 1992 and based in Trento. At 31 December 2025 its financial assets including liquidity were about €495M at book value and over €657M at market value, with a €150M Luxembourg SIF managed by Fondaco LUX and stakes in CDP, CDP Reti and Banca d’Italia. Its private-markets portfolio is held through Fund Nine, a closed-end Quaestio vehicle with 17 underlying investments and about €43.9M of commitments.
PORTFOLIO (7)
- QAF – Fund Nine (Quaestio Capital SGR; dedicated private-markets vehicle, €29.9M book value)since 2020
- Fondo Ambienta II (€1M commitment)
- F2i Fondo Italiano per le Infrastrutture III (€2.24M commitment)since 2017
- DeA Endowment Fund (DeA Capital Alternative Funds SGR; first-closing subscriber)since 2019
- Mindful Capital Partners II SCA SICAR (ex Mandarin Capital Partners II; 0.796% stake)
- Mittel Generale Investimenti (stake)
- Cassa Depositi e Prestiti (direct stake; 0.51% at start of 2025)
TEAM
LINKS
FAQ
Fondazione Caritro is a institutional investor based in Trento, Italy, founded in 1992.
Yes. Fondazione Caritro invests directly in private companies. It also commits capital to third-party funds as an LP.
Fondazione Caritro invests at Growth and Buyout stages.
Key people at Fondazione Caritro include Patrizia Galvagni (President, Consiglio di Gestione), Andrea Nardelli (Vice-President, Consiglio di Gestione) and Matteo Gentilini (President, Comitato di Indirizzo).
Fondazione Caritro's investments include QAF – Fund Nine (Quaestio Capital SGR; dedicated private-markets vehicle, €29.9M book value), Fondo Ambienta II (€1M commitment), F2i Fondo Italiano per le Infrastrutture III (€2.24M commitment), DeA Endowment Fund (DeA Capital Alternative Funds SGR; first-closing subscriber), Mindful Capital Partners II SCA SICAR (ex Mandarin Capital Partners II; 0.796% stake), Mittel Generale Investimenti (stake) and Cassa Depositi e Prestiti (direct stake; 0.51% at start of 2025).
No. Fondazione Caritro invests its own capital and does not raise money from outside investors.