Mediobanca Private Banking has teamed up with Russell Investments to launch the second version of its private markets illiquid fund unveiled in October last year.
Mediobanca Private Markets Fund II1 has been set up by the US manager Russell Investments and will be distributed exclusively by Mediobanca until the 29 of October. Russell Investments was also the fund manager of the Mediobanca Private Markets Fund I, the fund's first version.
Aimed at private banking clients, the new fund will provide private investors access to those asset classes traditionally associated with institutional clients, including private equity, private debt, real assets and venture capital, through a broad diversification in terms of investment strategies and geographies.
The fund's launch follows the the success obtained with the Mediobanca Private Markets Fund I, which during its placement period raised €135m.
Theo Delia-Russell, deputy head of Mediobanca Private Banking and head of Products & Services, said: "It is now possible to invest in real assets through "club deals" or through exposure to private assets."