Arcadia (www.arcadiasgr.it) is an independent asset management company authorised by the Bank of Italy, specialised in Private Equity investments in Italian non-listed SMEs. The investment team has a cumulated experience of over 100 years in Private Equity and is supported by a group of first-class business experts, who have an extensive experience in their respective industry as C-Level managers in blue-chip international companies. Arcadia has an industrial approach: portfolio companies are managed through an active presence in the BoD and with a significant support to the managerialization and sustainable growth of the business. The first fund raised by Arcadia (Arcadia Small Cap), with a total commitment of Euro 53 million, has completed 4 investments and 3 exits, distributing 100% of the amount drawn. The remaining portfolio company, Vision Group, is the leading Italian specialist distributor and retailer of optical products. In March 2022 the company acquired 174 DOS from EssilorLuxottica, creating the leading independent optical group operating the largest Italian DOS chain and the largest franchise network in the market, with a network of 2,900 stores, of which 500 stores under the banner “VisionOttica”. In 2017 Arcadia raised its second private equity fund, Arcadia Small Cap II (“ASC II”), with a total commitment of Euro 80 million. ASC II has been subscribed by institutional Italian and international investors, among which the European Investment Fund. ASC II has completed seven investments and one divestment to date: Castello Italia, a company active in the extrusion of polyamide and polyurethane coils and tubes for the industrial automation sector and for application in the automotive sector, was sold to Group ARaymond in October 2021. Arcadia is currently raising its third fund, Arcadia Sustainable Capital III, with a target of Euro 120 million. The fund is placed in Article 8 of SFDR and incorporates ESG factors in its investment activity.