The Fund has been established in September 2021 and has an opportunistic risk/ return profile. Its scope is the collective investment of the funds raised, aimed at achieving, through the professional management of the Fund itself, in
view of a subsequent sale, an increase in the value of the investments and the allocation and distribution of net results of the operations following the disposal of the investments made. The typical investment of the Fund shall consist in real estate assets for hotel and hospitality use located in Italy which are already built or to be restored, reconverted, restructured, renovated, completed or enhanced. The fund has acquired the Britannia Excelsior hotel, a majestic 19th century building located on the shore of Lake Como.