The recent appointments in important national economy companies particularly highlight the importance of Italy’s management turnover. In an increasingly competitive global environment the new managers need to prove solid international experience and skills. Carlo Michelini certainly is one of the managers that oversaw and completed important international transactions in recent years.
Born in Genoa in 1968, Michelini currently manages the Investment Team of F2i – Fondi italiani per le infrastrutture, the asset management company founded by Vito Gamberale in 2007, where Carlo Michelini is CIO, and head of fund raising and investor relations
As one of F2i’s co-founders, Carlo Michelini has been first Senior Partner of the fund, after working for 16 years at Morgan Stanley, where he became Managing Director at the age of 38.
In the company managed by Gamberale, Michelini headed some major transactions, including an important merger and aggregation in 2009 that led to the launch of 2i Rete Gas at the beginning of 2014 (first national independent operator in gas distribution).
Michelini’s professional path started in 1986, when he earned his classical secondary school diploma at the “A. D’Oria” highschool in Genoa. He received his degree in Business Economics at the Bocconi University in Milan. In the autumn of 1989, he took part to the Lemberg Program in International Economics and Finance at the Brandeis University in Waltham, Massachusetts (USA).
After university, he started in 1991 his extensive career at Morgan Stanley, first at its London premises, then in Milan.
In his 20 year long career, Michelini had basically two major experiences: at Morgan Stanley and F2i, the latter proving to be a winning choice. In 2007 Michelin accepted Gamberale’s proposal to join a still developing team. Now, after seven years, the results speak for themselves: F2i’s First Fund has almost entirely invested its initial asset (1852 million Euros) within the scheduled investment period (4 years), and manages today investments in 10 companies leader of key infrastructure sectors, such as gas distribution, water services, airports, optic fibre network, highways and renewable energy. F2i’s Second Fund started its investment activity and counts to date four major participations in airports, waste management sector, gas distribution, and immaterial infrastructures for bank payments and other financial services; the still ongoing fund raising activities already collected subscriptions from its investors for over 755 million Euros. F2i recently announced that in 2014 the company forecasts a 6.1% net dividend, a record figure for European infrastructure funds.