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Institutional LPPuts its own capital into companiesLAST VERIFIED Oct 2026 · 3 SOURCES

Fondazione Cassa di Risparmio di Lucca

Also known as Fondazione Carilucca, Fondazione CR Lucca

Lucca banking foundation; €1.49bn financial investments (end-2025); about 9% in closed-end PE/private-debt funds, mostly Italian managers, plus stakes in CDP, Sinloc and Banco BPM.

HEADQUARTERS
Lucca, Italy
FOUNDED
1992
AUM
€1.5B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
3 people

Focus

STAGES
SeedSeries AGrowthBuyout
SECTORS
—
ASSET MIX
Private equityVenture capitalPrivate creditReal estateImpactPublic equities
GEOGRAPHY
ItalyEuropeGlobal

Overview

Fondazione Cassa di Risparmio di Lucca is a foundation of banking origin set up in 1992 and active in the province of Lucca. At the end of 2025 its financial investments totalled €1.49bn, of which 9.0% in closed-end private equity and private debt funds, 15.8% in open-ended alternative funds investing in closed-end vehicles and 9.4% in real-estate funds. Its fund holdings include Italian PE, VC and credit funds such as Aksia Capital IV–VI, Assietta Private Equity III–IV, Neva First, Panakès Purple, United Ventures One and III, Gradiente II–III and Toscana Next.

PORTFOLIO (19)

  • Fondo Toscana Next (CDP Venture Capital SGR)
  • Aksia Capital IV, V and VI (Aksia SGR)
  • Assietta Private Equity III and IV
  • Neva First (Neva SGR)
  • Panakès Fund and Panakès Fund Purple EuVECA
    HealthTech
  • United Ventures One SICAF EuVECA and United Ventures III
    Software & SaaS
  • Arca Space Capital
    Space
  • Fondo AZ D-Orbit
    Space
  • Gradiente II and III (Gradiente SGR)
  • QuattroR MidCap
  • Style Capital and Style Capital II
    Consumer & E-commerce
  • Ver Capital Credit Partners Italia V
  • FSI I and FSI II (FSI SGR)
  • Nextalia Private Equity and Nextalia Credit Opportunities
  • Fondo OLTRE III
  • A11 Venture SpA (26.09% stake)
  • Sinloc SpA (10.36% stake)
  • Gradiente SGR (10% stake)
  • Cassa Depositi e Prestiti (0.81% stake)

People

  • Massimo Marsili
    President · source
  • Maria Pia Mencacci
    Vice President · source
  • Maria Teresa Perelli
    Director · source

Links

Frequently asked questions

Fondazione Cassa di Risparmio di Lucca is a institutional investor based in Lucca, Italy, founded in 1992.

Yes. Fondazione Cassa di Risparmio di Lucca invests its own capital in private companies. It also commits capital to third-party funds as an LP.

Fondazione Cassa di Risparmio di Lucca invests at Seed, Series A, Growth and Buyout stages.

Key people at Fondazione Cassa di Risparmio di Lucca include Massimo Marsili (President), Maria Pia Mencacci (Vice President) and Maria Teresa Perelli (Director).

Fondazione Cassa di Risparmio di Lucca's investments include Fondo Toscana Next (CDP Venture Capital SGR), Aksia Capital IV, V and VI (Aksia SGR), Assietta Private Equity III and IV, Neva First (Neva SGR), Panakès Fund and Panakès Fund Purple EuVECA, United Ventures One SICAF EuVECA and United Ventures III, Arca Space Capital and Fondo AZ D-Orbit, among others.

No. Fondazione Cassa di Risparmio di Lucca invests its own capital and does not raise money from outside investors.