Advanced Capital Taps Ex-Italian Minister As Advisor

Apr 5 2012 | 10:05am ET

European alternative investment specialist Advanced Capital has hired academic and former Italian Industry and Foreign Trade Minister Alberto Clô as special advisor for investments in the energy sector.

The firm recently moved into the energy with the launch of its Advanced Capital Energy Fund, an energy fund of funds.

Clô is an independent director with the infrastructure giants Iren, Atlantia, and Italcementi. He holds the professorship of applied economics at Bologna University, is the chief editor of Energia magazine and is the author of Oil Economics and Policy.

Robert Tomei, CEO of Advanced Capital, said in a statement: “Alberto’s world-renowned expertise in energy and infrastructure provides us with another level of insight that will help us to identify the very best opportunities for the Advanced Capital Energy Fund. Additionally, at a time of upheaval and opportunity in the energy sector, Alberto’s front line experience in national and international energy politics provides us with a unique perspective which will help to set the Advanced Capital Energy Fund apart as an investment opportunity.”

Clô’s appointment is in line with Advanced Capital’s move from pure private equity funds (of which it runs three) to niche funds (AC Private Equity Real Estate and AC Global Energy Opportunities). Established in 2005, AC has about €1 billion AUM and offices in Milan, London, Lugano and Luxembourg.

 


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