Our Story

Clessidra was established in 2003 by Claudio Sposito with a view of creating a highly professional private equity firm dedicated to the upper middle market in Italy, a relatively underpenetrated but extremely attractive market.

In 2010 Clessidra subscribes UN Principles for Responsible Investment, becoming one of the first Italian signatories.

In 2016, following Claudio Sposito’s sudden death, 100% of the share capital of the management company has been acquired by Italmobiliare S.p.A., the investment holding controlled by the Pesenti family, listed on the Milan stock exchange since 1980 and with a market capitalization of approximately €1.2 billion.

Since inception, Clessidra has successfully executed its strategy and is recognised as a leading private equity manager in Italy. Clessidra finalized 24 investments, 27 add-ons and 21 exits through its managed funds. A diversified investor base has supported Clessidra’s activity throughout the years.
In 2019, Clessidra promoted a diversification strategy aimed at expanding the company’s activities historically focused on private equity. Clessidra Holding operations encompass today alternative investments, asset management and factoring through a diversified products and services offer for institutional investors and Italian medium-sized companies. Clessidra Group operates through three companies, Clessidra Private Equity SGR, Clessidra Capital Credit SGR and Clessidra Factoring, respectively specialized in private equity activities, in the Unlikely-to-Pay (“UTP”) and factoring sectors. Each company has its own operational independence.

Governance

Clessidra Private Equity has defined a governance structure allowing a completely independent investment decision process.

Investment and divestment decisions are assumed by the Investment Committee and recommended to the Board of Directors for its approval. The Investment Committee is composed by five Clessidra Private Equity professionals, all based in Milan.
This allows a streamlined and timely decision-making process.

Clessidra Private Equity - Governance
Clessidra Private Equity - Governance

Investment and divestment decisions are assumed by the Investment Committee and recommended to the Board of Directors for its approval. The Investment Committee is composed by five Clessidra Private Equity professionals, all based in Milan.
This allows a streamlined and timely decision-making process.

The Board of Directors is composed of five members and includes three Investment Committee’s professionals.

BOARD OF DIRECTORS

Carlo Pesenti Chairman
Rosario Bifulco Vice-Chairman
Andrea Ottaviano CEO
Marco Carotenuto Member
Paola Mignani Independent member

BOARD OF STATUARY AUDITORS

Marina Brogi Chairman
Franco Abbate Statutory Auditor
Riccardo Andriolo Statutory Auditor

SUPERVISORY AND CONTROL BODY

Andrea Polizzi Chairman
Marco dell’Antonia Member
Michele Colombo Head of compliance

In support of its Board of Directors and corporate structure Clessidra has in place a governance model based on control functions that monitor key areas, such as conflicts of interest, anti-money laundring, compliance, risk management, ESG and internal audit.

Supervisory and Control Body monitors the functioning and observance of the Organizational Model adopted under legislative decree 231/01.

Clessidra Private Equity - Risk Management

Risk Management

It assesses the financial and operational risks of the management company and funds’ portfolio.

Clessidra Private Equity - Compliance

Compliance

It prevents the risk of failing to comply with legal and regulatory requirements and manages anti-money laundering, KYC and conflicts of interest aspects.

Clessidra Private Equity - ESG

ESG

The function supports the management company and portfolio companies in ESG strategies, objectives, action plans and internal processes facilitating transformative solutions and cultural change.

Clessidra Private Equity - Internal Audit

Internal Audit

The independent function performs the internal auditing processes envisaged in article 48 of the Bank of Italy regulation dated 5 December 2019.

Menu