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Entangled Capital SGR

Entangled Capital SGR

Milan, Italy·Founded 2019··entangledcapital.com

Entangled Capital SGR is a Milan-based independent private equity manager founded in 2019 that runs the EC I fund, taking control and co-control stakes in lower-mid-market Italian family-owned SMEs (revenues typically below about 50 million euros) across industrial, machinery, packaging and food niches, backing organic growth and buy-and-build. Its founding team previously managed four funds dedicated to Italian SMEs. EC I raised over 100 million euros and booked its first exit with the 2025 sale of pharma-glass platform Alphial to SGD Pharma.

AUM
€102M
Funds
1
vintages 2019
Portfolio
6
Exits
1

Key facts

HQMilan, Italy
Founded2019
Employees11+

Recent exits

Alphial
Alphial
Industrials2025 · 5yr hold

Coverage notes

1 fund tracked, 7 portfolio companies (6 active · 1 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

7 companies
Industrials
5 · 71%
Consumer
1 · 14%
Deep Tech
1 · 14%

Funds & portfolio

Every fund Entangled Capital SGR has raised, with its portfolio companies. Hand-checked from public filings.

1 fund
EC ISmall-Mid BuyoutHarvesting
2019 · 7yr€102M6 active · 1 realized

Unrealized

6 held
Airpower
AirpowerActive
IndustrialsItaly· Entry 2022
IndustrialsItaly· Entry 2023
IndustrialsItaly· Entry 2021
ConsumerItaly· Entry 2024
TecnomasterActive
Deep TechItaly· Entry 2024
Turatti
TurattiActive
IndustrialsItaly· Entry 2022

Realized

1 exit
Alphial
AlphialExited 2025
IndustrialsItaly· Entry 2020
Trade Saleto
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Last updated July 2026 · Sourced from public filings · Report an issue