Fondazione di Sardegna
Also known as Fondazione Banco di Sardegna
Sardinian banking foundation; €1.24bn financial portfolio at book value (end-2025); commits to Italian VC, PE, infrastructure and private-debt funds; 7.4% BPER stake.
- HEADQUARTERS
- Sassari, Italy
- FOUNDED
- 1992
- AUM
- €1.2B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
Focus
- STAGES
- SeedSeries AGrowthBuyout
- SECTORS
- —
- ASSET MIX
- Venture capitalPrivate equityPrivate creditDirect investmentsImpactPublic equities
- GEOGRAPHY
- ItalyEurope
Overview
Fondazione di Sardegna is the foundation of banking origin created in 1992 from the restructuring of Banco di Sardegna, with registered office in Cagliari and administrative seat in Sassari. At 31 December 2025 its financial portfolio was €1.24bn at book value, mainly stakes in BPER Banca, CDP and CDP Reti, managed funds and closed-end alternative funds. It has subscribed 16 venture capital funds for about €57M, F2i and FSI infrastructure and growth funds for €97.6M, and in 2025 approved new commitments to private equity, VC and infrastructure funds.
PORTFOLIO (30)
- FSI II (€25M commitment)
- F2i Fondo per le Infrastrutture Sostenibili (€25M commitment)
- F2i IDF – European Infrastructure Debt, comparto Europa (€15M commitment)
- CDP Real Asset FoF Infrastrutture (€10M commitment)since 2025
- Vertis Venture 2 Scaleup (€10M commitment, reduced to €6M)since 2017
- Vertis Capital (€8.5M commitment)since 2008
- Vertis Venture 5 Scaleup (€5M commitment)since 2021
- Italia Venture I (€5M commitment)since 2016
- United Ventures 2 (€5M commitment)since 2017
- Fondo Acceleratori CDP VC (€5M commitment)since 2024
- Nextalia Flexible Capital (€5M commitment)since 2025
- Nextalia Private Equity (€5M commitment)
- Quadrivio Artificial Intelligence PE Fund (€3.5M commitment)since 2025
- United Ventures One (€3.5M commitment)since 2013
- United Ventures III (€2.5M commitment)since 2024
- Techshop Primo (€2.5M commitment)since 2022
- Nextalia Capitale Rilancio (€2.5M commitment)since 2025
- QuattroR MidCap (€2.5M commitment)since 2025
- ARCA Space Capital (€2.5M commitment)since 2025
- Alkemia PIPE fund (€2.5M commitment)since 2025
- Sinloc ITEF – Infrastructure & Energy Transition (€2.5M commitment)since 2025
- 360 Life II Main Sub-Fund (€2M commitment)since 2025
- Barcamper Ventures (€2M commitment)since 2017
- XGEN Life Sciences Venture (€1.5M commitment)Biotech & Life Sciences · since 2022
- Rialto I EuVECA (€1.5M commitment)since 2025
- Programma 102 (€1M commitment)since 2019
- Vertis SGR (direct stake)since 2014
- Utopia SIS (direct stake)
- Sardex (direct stake)
- Moneyfarm (direct stake)Fintech
People
Links
Frequently asked questions
Fondazione di Sardegna is a institutional investor based in Sassari, Italy, founded in 1992.
Yes. Fondazione di Sardegna invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Fondazione di Sardegna invests at Seed, Series A, Growth and Buyout stages.
Key people at Fondazione di Sardegna include Giacomo Spissu (President), Micaela Morelli (Vice-President) and Carlo Mannoni (Director General).
Fondazione di Sardegna's investments include FSI II (€25M commitment), F2i Fondo per le Infrastrutture Sostenibili (€25M commitment), F2i IDF – European Infrastructure Debt, comparto Europa (€15M commitment), CDP Real Asset FoF Infrastrutture (€10M commitment), Vertis Venture 2 Scaleup (€10M commitment, reduced to €6M), Vertis Capital (€8.5M commitment), Vertis Venture 5 Scaleup (€5M commitment) and Italia Venture I (€5M commitment), among others.
No. Fondazione di Sardegna invests its own capital and does not raise money from outside investors.