What investment strategy does NUO Capital focus on?

NUO Capital focuses on Growth, Buyout strategies in the private equity space.

How many portfolio companies does NUO Capital have?

NUO Capital has 10 active portfolio companies and 2 completed exits and 1 fund tracked on GP Intel.

Where is NUO Capital headquartered?

NUO Capital is headquartered in Milan, Italy.

What is NUO Capital's assets under management?

NUO Capital manages approximately €500M in assets under management.

When was NUO Capital founded?

NUO Capital was founded in 2016.

What sectors does NUO Capital invest in?

NUO Capital invests across Consumer, Software.

Home/GPs/NUO Capital

NUO Capital

Milan, Italy·Founded 2016·

Growth Equity Buyout

·nuo.com

NUO Capital (branded NUO) is a Milan-based evergreen investment holding founded in 2016 by WWICL, the Hong Kong family office of the Pao Cheng family; since 2021 the Agnelli-Elkann holding Exor is a 50 percent co-shareholder alongside WWICL. It deploys patient, long-term minority and selective majority capital into premium Italian consumer and lifestyle brands with Asian growth potential, chaired by Stephen Cheng and led by CEO Tommaso Paoli. The firm reports roughly 500 million euros deployed across about fifteen companies.

AUM

€500M

Funds

vintages 2016

Portfolio

Exits

SectorsConsumer Software

Key facts

HQMilan, Italy

Founded2016

Websitenuo.com

Recent exits

Terra Moretti

Consumer2023 · 6yr hold

Tannico

E-commerce2022 · 4yr hold

Coverage notes

1 fund tracked, 12 portfolio companies (10 active · 2 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

12 companies

Consumer

10 · 83%

Software

1 · 8%

E-commerce

1 · 8%

Funds & portfolio

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

1 fund

NUO Capital EvergreenGrowthActive

2016 · 10yr10 active · 2 realized

Unrealized

10 held

Company	Sector	Geo	Entry
Andriani	Consumer	Italy	2022
Bending Spoons	Software	Italy	2019
Bialetti	Consumer	Italy	2025
Ludovico Martelli	Consumer	Italy	2019
Montura	Consumer	Italy	2021
Sacs Tecnorib	Consumer	Italy	2024
Scarpa	Consumer	Italy	2024
Slowear	Consumer	Italy	2018
Subdued	Consumer	Italy	2024
Venchi	Consumer	Italy	2021