Fondazione Cassa dei Risparmi di Forlì
Also known as Fondazione Cariforlì, Fondazione CR Forlì
Forlì banking foundation; €576.7M financial assets (end-2025); €85.5M committed to closed-end infrastructure, renewables, private debt and PE funds, plus €5M in TTVenture.
- HEADQUARTERS
- Forlì, Italy
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
FOCUS
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equityPrivate creditReal estatePublic equities
- GEOGRAPHY
- ItalyEurope
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
ABOUT
Fondazione Cassa dei Risparmi di Forlì is the banking foundation of the Forlì area in Romagna. At the end of 2025 its financial assets were €576.7M at book value, 43.98% managed by Quaestio Capital SGR, with stakes in Intesa Sanpaolo, Cassa Depositi e Prestiti, Hera, Poste Italiane, CDP Reti and ENAV. Its closed-end fund book held €85.5M of commitments to funds managed by F2i, Green Arrow, Quaestio, Mindful Capital, Eurizon, Sinloc and Quadrivio, and it holds units of the TTVenture fund (classed as private equity in the accounts). In 2025 it committed €4M to Quadrivio’s Artificial Intelligence PE Fund and €1M to Sinloc’s Infrastructure & Transition Energy fund.
PORTFOLIO (17)
- Artificial Intelligence PE Fund S.C.A. Sicav-Raif (Quadrivio; €4M commitment)Artificial Intelligence · since 2025
- Sinloc Infrastructure & Transition Energy Fund (€1M commitment)Climate & Energy · since 2025
- Fondo F2i – Rete Digitale (€2M commitment)since 2024
- Fondo F2i per le Infrastrutture Sostenibili (F2i V; €10M commitment)since 2021
- Fondo F2i – Terzo Fondo per le Infrastrutture (A, B and C units; ex first F2i fund)since 2017
- Quaestio Private Markets FD – European Private Debt (€10M commitment)since 2018
- Mindful Capital Partners III S.C.A. SICAF RAIF (€3M commitment)since 2019
- Eurizon ECRA Infrastructure Fund (ex Eurizon ITEЯ; €1.5M commitment)since 2022
- Green Arrow Private Debt Fund II (€3M commitment)since 2022
- Sinloc Transition Energy Fund (ex Ver Capital Sinloc; €1M commitment)Climate & Energy · since 2022
- Green Arrow Asset Selection SICAV-SIF – Italian Solar, European Renewables, Italian Wind (€5M each)Climate & Energy
- Fondo Atlante (€10M commitment)
- Fondo TTVenture (€5M commitment)
- iGeneration closed-end real-estate fund (€5M commitment)Real Estate & PropTech · since 2023
- Quaestio Holding S.A. (6.84% acquired in 2025)since 2025
- Value Investments S.p.A. (0.55%, investment holding)
- F2i SGR S.p.A. (minority stake)
TEAM
LINKS
FAQ
Fondazione Cassa dei Risparmi di Forlì is a institutional investor based in Forlì, Italy.
Yes. Fondazione Cassa dei Risparmi di Forlì invests directly in private companies. It also commits capital to third-party funds as an LP.
Key people at Fondazione Cassa dei Risparmi di Forlì include Maurizio Gardini (President), Gianfranco Brunelli (Vice-President) and Andrea Severi (Secretary General).
Fondazione Cassa dei Risparmi di Forlì's investments include Artificial Intelligence PE Fund S.C.A. Sicav-Raif (Quadrivio; €4M commitment), Sinloc Infrastructure & Transition Energy Fund (€1M commitment), Fondo F2i – Rete Digitale (€2M commitment), Fondo F2i per le Infrastrutture Sostenibili (F2i V; €10M commitment), Fondo F2i – Terzo Fondo per le Infrastrutture (A, B and C units; ex first F2i fund), Quaestio Private Markets FD – European Private Debt (€10M commitment), Mindful Capital Partners III S.C.A. SICAF RAIF (€3M commitment) and Eurizon ECRA Infrastructure Fund (ex Eurizon ITEЯ; €1.5M commitment), among others.
No. Fondazione Cassa dei Risparmi di Forlì invests its own capital and does not raise money from outside investors.