Fondazione CRC
Also known as Fondazione Cassa di Risparmio di Cuneo
Cuneo banking foundation; €2.82bn investments at market value (end-2025); commits to PE, infrastructure, VC and real-estate funds and backs start-ups via its LaGemma Venture vehicle.
- HEADQUARTERS
- Cuneo, Italy
- FOUNDED
- —
- AUM
- €2.8B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
FOCUS
- STAGES
- Pre-SeedSeedSeries AGrowthBuyout
- SECTORS
- Food & Agriculture
- ASSET MIX
- Private equityVenture capitalPrivate creditReal estateFunds (as LP)ImpactPublic equities
- GEOGRAPHY
- ItalyEuropeGlobal
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
- Wholly owned instrumental company investing in Italian and European start-ups (agrifood accelerator programme)
ABOUT
Fondazione Cassa di Risparmio di Cuneo (Fondazione CRC) is a foundation of banking origin based at Via Roma 17, Cuneo. At 31 December 2025 its investments were €2.82bn at market value (€1.73bn book), led by equity stakes including Intesa Sanpaolo and CDP. It holds commitments to about 30 closed-end private-equity, infrastructure, private-debt, venture and real-estate funds, and since 2024 has funded LaGemma Venture S.r.l., a wholly owned company investing in agrifood and sustainability start-ups.
PORTFOLIO (23)
- F2i Terzo Fondo per le Infrastrutture (€20.0M commitment)since 2017
- Fondo Atlante (€20M commitment)since 2016
- F2i Fondo per le Infrastrutture Sostenibili (€15.0M commitment)since 2021
- TT Venture (Indaco; €10M commitment)since 2007
- Taste of Italy 2 (€7.5M commitment)since 2019
- Idea Taste of Italy (€5M commitment)since 2016
- Fondo Italiano Agri & Food (€5M commitment)Food & Agriculture · since 2025
- Partners Group Secondary 2020 (€5M commitment)since 2022
- Partners Group Global Value 2017 (€5M commitment)since 2017
- Eurizon ECRA Infrastructure (€5M commitment)since 2020
- F2i Infrastructure Debt Fund I (€5M commitment)since 2022
- Lifestyle Fund II (Quadrivio & Pambianco; €4M commitment)since 2023
- Quadrivio Artificial Intelligence PE Fund (€3M commitment)since 2025
- Nextalia Flexible Capital (€3M commitment)since 2025
- Fondo Sviluppo Sostenibile (DeA Capital Alternative Funds; €3M commitment)since 2022
- Equiter Infrastructure II (€2.5M commitment)since 2021
- Serena Infra II (€2M commitment)since 2025
- Yarpa funds ETA, Theta and IOTA (€2M commitment each)
- Rialto I EuVECA (AVM SGR; €2M commitment)since 2023
- MAIA I (Praesidium; €2M commitment)Food & Agriculture · since 2024
- VC Partners Fund I (€2M commitment)since 2025
- SocialFare Seed S.r.l. (stake)
- Cassa Depositi e Prestiti (direct stake)
TEAM
LINKS
FAQ
Fondazione CRC is a institutional investor based in Cuneo, Italy.
Yes. Fondazione CRC invests directly in private companies. It also commits capital to third-party funds as an LP.
Fondazione CRC invests at Pre-Seed, Seed, Series A, Growth and Buyout stages in Food & Agriculture.
Key people at Fondazione CRC include Mauro Gola (President), Francesco Cappello (Senior Vice-President) and Elena Merlatti (Vice-President).
Fondazione CRC's investments include F2i Terzo Fondo per le Infrastrutture (€20.0M commitment), Fondo Atlante (€20M commitment), F2i Fondo per le Infrastrutture Sostenibili (€15.0M commitment), TT Venture (Indaco; €10M commitment), Taste of Italy 2 (€7.5M commitment), Idea Taste of Italy (€5M commitment), Fondo Italiano Agri & Food (€5M commitment) and Partners Group Secondary 2020 (€5M commitment), among others.
No. Fondazione CRC invests its own capital and does not raise money from outside investors.