2016 saw the launch of the Mercury Fund, a separate account fund managed on behalf of CONAD (the largest consortium of independent retailers in Italy) and Gruppo Cattolica Assicurazioni (a leading Italian insurance company).
The Fund allows CONAD to sell and lease back 66 of its retail properties in Italy, worth approximately EUR 300m, enabling the firm to focus on its core retail activities. The Mercury Fund, along with other initiatives launched in 2016, saw our AuM in Italy pass the EUR 2bn mark. We also transacted over EUR 1.1bn of deals in the country last year, representing c. 15% of the total market.
Giuseppe is responsible for the strategy and execution of our European platform, including new business and overseeing the management of existing funds. He has 30 years of experience and joined us initially as Head of Italy in 2012 from Hideal Partners, where he was founding partner and responsible for M&A. He has also worked at Babcock & Brown, ABN AMRO Bank and SBC Warburg.