Company lists · Data refreshed September 2026

Top 25 Lower middle market pe firms based in Italy

RevenueBase identified 52 lower middle market pe firms headquartered in Italy as of September 2026 and tracks 519 professional contacts across them, including 202 with verified work emails. Milan is the largest hub.

This list covers lower middle market pe firms headquartered in Italy, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 20, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 20, 2026 86% judged on-target in blind review
52Companies
519Contacts tracked
202Verified emails
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The 25 largest lower middle market pe firms based in Italy

Ranked by team size
Top 25 of 52 lower middle market pe firms based in Italy, ranked by team size, largest first. Data refreshed Sep 20, 2026. RevenueBase Smart Search rates how each company's information relates to lower middle market pe firms: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#CompanyRevenueBase Smart SearchHeadquartersEmployeesContacts
1Partial evidenceTreviso, ItalyHQ checked Sep 20, 202651-200115 contacts →

Partial evidence

“21 Invest was founded in Italy in 1992 by Alessandro Benetton to invest in mid-market companies and make them grow.”

Source: RevenueBase Database · checked Sep 20, 2026
2Indirect evidenceMilano, ItalyHQ checked Sep 20, 202611-5030 contacts →

Indirect evidence

“PM & Partners is one of the leading private equity managers in Italy.”

Source: RevenueBase Database · checked Sep 20, 2026
3Indirect evidenceMilan, ItalyHQ checked Sep 20, 202611-5029 contacts →

Indirect evidence

“Directed to Growth.”

Source: RevenueBase Database · checked Sep 20, 2026
4Indirect evidenceMilan, ItalyHQ checked Sep 20, 202611-5022 contacts →

Indirect evidence

“Aksìa Group is an Italian private equity player, specialized in SMEs, that actively manages and develops the companies it acquires, providing them with finance, strategy…”

Source: RevenueBase Database · checked Sep 20, 2026
5Partial evidenceMilan, ItalyHQ checked Sep 20, 202611-5021 contacts →

Partial evidence

“Charme Capital Partners is a European mid-market private equity fund, supporting management teams and shareholders to achieve transformational change, growth and…”

Source: RevenueBase Database · checked Sep 20, 2026
6Indirect evidenceMilano, ItalyHQ checked Sep 20, 202611-5021 contacts →

Indirect evidence

“Riello Investimenti SGR è una società indipendente di gestione del risparmio attiva da oltre 20 anni nel settore degli Investimenti Alternativi, nella gestione di fondi di private…”

Source: RevenueBase Database · checked Sep 20, 2026
7Indirect evidenceMilano, ItalyHQ checked Sep 20, 202611-5016 contacts →

Indirect evidence

“HAT SGR is the leading Italian private equity firm, based in Milan and London, specializing in the technology and innovation sectors.”

Source: RevenueBase Database · checked Sep 20, 2026
8Indirect evidenceMilano, ItalyHQ checked Sep 20, 20261,001-5,00016 contacts →

Indirect evidence

“Mutares Italy è stata fondata nel 2017 e fa capo alla società di investimento Mutares SE & Co KGaA quotata alla borsa di Francoforte.”

Source: RevenueBase Database · checked Sep 20, 2026
9Indirect evidenceMilan, ItalyHQ checked Sep 20, 202611-5015 contacts →

Indirect evidence

“Alkemia Capital is an independent asset management firm dedicated to identifying and nurturing value through strategic investments.”

Source: RevenueBase Database · checked Sep 20, 2026
10Indirect evidenceMilan, ItalyHQ checked Sep 20, 202611-5014 contacts →

Indirect evidence

“Established in 2005, Progressio SGR is an independent Private Equity firm dedicated to fueling the growth of Italian SMEs.”

Source: RevenueBase Database · checked Sep 20, 2026
11Indirect evidenceMilano, ItalyHQ checked Sep 20, 202611-5013 contacts →

Indirect evidence

“Alto Partners, founded by Stefano Scarpis and Raffaele de Courten, is an independent GP based in Milano, controlled by the management team.”

Source: RevenueBase Database · checked Sep 20, 2026
12Indirect evidenceVenice, ItalyHQ checked Sep 20, 20261-1013 contacts →

Indirect evidence

Source: RevenueBase Database · checked Sep 20, 2026
13Indirect evidenceMilano, ItalyHQ checked Sep 20, 20261-1010 contacts →

Indirect evidence

“Siamo una società di private equity indipendente controllata dal management che affianca investitori istituzionali nell’investimento del capitale di piccole e medie aziende…”

Source: RevenueBase Database · checked Sep 20, 2026
14Indirect evidenceRoma, ItalyHQ checked Sep 20, 20261-1010 contacts →

Indirect evidence

“Ibla Capital is an independent investment company, targeting Private Equity investments in small and medium-sized businesses headquartered in Italy.”

Source: RevenueBase Database · checked Sep 20, 2026
15Indirect evidenceMilano, ItalyHQ checked Sep 20, 20261-1010 contacts →

Indirect evidence

“First Capital S.p.A.”

Source: RevenueBase Database · checked Sep 20, 2026
16Indirect evidenceRome, ItalyHQ checked Sep 20, 20261-108 contacts →

Indirect evidence

“B4 Investimenti is an independent private equity house established in 2012 with the aim to identify and invest in Italian SMEs characterized by good profitability, clear…”

Source: RevenueBase Database · checked Sep 20, 2026
17Indirect evidenceMilan, ItalyHQ checked Sep 20, 202611-508 contacts →

Indirect evidence

“Mittel è una investment holding con una storia che affonda le radici nel 1885.”

Source: RevenueBase Database · checked Sep 20, 2026
18Indirect evidenceMilan, ItalyHQ checked Sep 20, 20261-107 contacts →

Indirect evidence

“Augens Capital is a private equity investment firm founded in 2014 by experienced professionals with significant backgrounds in leading global financial institutions (Vestar…”

Source: RevenueBase Database · checked Sep 20, 2026
19Indirect evidenceMilan, ItalyHQ checked Sep 20, 20261-106 contacts →

Indirect evidence

“VERTEQ Capital is a Milan-based private equity holding company investing its own capital alongside professional and institutional co-investors, focusing on expansion and buy-out…”

Source: RevenueBase Database · checked Sep 20, 2026
20Indirect evidenceMilan, ItalyHQ checked Sep 20, 202611-506 contacts →

Indirect evidence

“Assietta Private Equity SGR is an independent management company whose mission is to raise and manage closed-end Private Equity funds.”

Source: RevenueBase Database · checked Sep 20, 2026
21Indirect evidenceMilan, ItalyHQ checked Sep 20, 20261-104 contacts →

Indirect evidence

“Space Capital Advisors is the advisory company to Arca Space Capital, the Private Equity Fund launched in partnership with Arca Fondi SGR to invest in high growth potential…”

Source: RevenueBase Database · checked Sep 20, 2026
22Indirect evidenceMilan, ItalyHQ checked Sep 20, 20261-104 contacts →

Indirect evidence

“Lakeview Partners is an investment firm dedicated to acquiring, actively managing, and growing high-potential small to medium enterprises (SMEs).”

Source: RevenueBase Database · checked Sep 20, 2026
23Indirect evidenceMilan, ItalyHQ checked Sep 20, 20261-103 contacts →

Indirect evidence

“Innovest, fondata nel 1993, è una holding di partecipazioni specializzata in operazioni di private equity e distressed equity.”

Source: RevenueBase Database · checked Sep 20, 2026
24Indirect evidenceMilan, ItalyHQ checked Sep 20, 20261-103 contacts →

Indirect evidence

“Innovative-RFK (i-RFK) is an Investment Holding founded in 2017 and listed on the Euronext Access Paris.”

Source: RevenueBase Database · checked Sep 20, 2026
25Indirect evidenceMilan, ItalyHQ checked Sep 20, 20261-102 contacts →

Indirect evidence

“Innovazione costante e passione che uniscono capitali e sviluppo costruttivo di impresa.”

Source: RevenueBase Database · checked Sep 20, 2026

Showing 25 of 52 lower middle market pe firms based in Italy

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Lower middle market pe firms based in Italy at a glance

As of Sep 20, 2026
38.9%Verified-email coverage
10.0Average contacts per company
1-10Median size (employees)
32.7%Largest-city concentration · Milan
Sep 20, 2026Page data refreshed

Companies by employee count

1-10
34
11-50
16
51-200
1
1,001-5,000
1

Email recency for this list is measured worldwide rather than for Italy, so it is reported there. Company counts and contact totals on this page are exact for Italy, over 52 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among lower middle market pe firms, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies
Companies headquartered in Italy whose own description of what they do matches “lower middle market pe firms”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search
RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names lower middle market pe firms), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude
Companies whose own description does not clearly place them among lower middle market pe firms, and records with no verified work email. Companies headquartered outside Italy are excluded even when they keep an office there.
Match quality
In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking
Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification
Every listed company carries at least one verified work email, 202 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh
This page's figures were pulled from the company graph on September 20, 2026. Lists refresh periodically as the graph is re-checked.
Corrections
Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names lower middle market pe firms, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many lower middle market pe firms are there based in Italy?

RevenueBase identified 52 lower middle market pe firms headquartered in Italy as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

21 Invest, headquartered in Treviso, tops this list with the largest team on record.

Which city has the most lower middle market pe firms?

Milan leads with 17 headquartered companies, followed by Milano (12) and Treviso (4).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 202 verified decision-maker contacts tracked across these 52 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 20, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.