CACEIS in Italy has been appointed by Oltre Venture Srl as depositary of Oltre II SICAF EuVECA SpA, the first fund of its kind authorised by the Bank of Italy.
Oltre Venture is the investment holding company established by Luciano Balbo and Lorenzo Allevi. The investment policy of this SICAF focuses on venture capital transactions with a strong social impact in sectors linked to personal services, education, health, social housing, agricultural supply chain and the distribution of locally-produced products, the development of disadvantaged suburban areas and work placement.
CACEIS will provide custody and depositary services, as well as all control functions. It will also calculate the NAV and maintain the register of shareholders.