Equita Group has reported net revenues of €11.2m (£9.7m) in its alternative asset management business in 2025, an increase of 29 per cent on the €8.7m recorded in 2024.
Revenues related to the group’s liquid strategies, private debt, private equity and renewable infrastructure also grew by 29 per cent year on year to reach €9m in 2025, following the launch and subsequent raising of new illiquid funds starting in the second half of 2024.
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Overall, the group announced net revenues for the year of €111.7m, up 41 per cent year on year from €79.4m in 2024, with all areas of the business making a positive contribution.
Revenues from customer-facing activities also increased by double digits, growing 35 per cent to reach €96.7m.
Equita called 2025 “the best year since listing, with net revenues more than doubling over the last nine years”.
The Italian investment bank also announced a new commercial partnership with the BCC Iccrea Group, which will see it acquire a minority stake in Equita.
The BCC Iccrea Group is the second largest banking group in Italy by number of branches.
The partnership will “activate” commercial relationships in Equita’s main business areas, including alternative asset management.
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Iccrea Banca will enter Equita’s capital through the subscription of a reserved capital increase for an amount of approximately €20m and the purchase of 5.1m shares from some shareholder-managers, taking its participation to approximately 15 per cent of the company’s share capital.
“2025 confirmed the effectiveness of the diversification strategy we have invested in,” said Andrea Vismara, chief executive of Equita Group. “The group achieved excellent results, both financially and in terms of positioning.”
“The partnership with Iccrea Banca is a long-term strategic decision, aimed at establishing commercial relationships across all of Equita’s business areas. We want to combine the expertise of our professionals and our role as Italy’s leading independent investment bank with the solidity and widespread regional presence of the BCC Iccrea Group,” Vismara added.
The transaction is expected to close in the second half of 2026.
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