The investment targets of the Fund are Italian, preferably unlisted, SMEs which require financial resources in order to face their growth plans. The transactions are generally structured as senior unsecured bonds (although we also consider secured transactions), listed on the market ExtraMOT Pro operated by Borsa Italiana. Each investment accounts for no more than 10% of the Fund total capital and each company needs to obtain an ESMA compliant IG rating in order to be eligible for investment. In addition each company needs to comply with a minimum dimensional criteria (indicative min. EBITDA 7-10 million) and show positive economic performance and solid financial structure. All industries are considered for investment, with an eye towards diversification and with a few exceptions (e.g. financial and real estate sector).