Tages Capital SGR, asset manager specialised in alternative infrastructure investment funds and investments in the energy sector, has appointed Daniele Spada as new General Manager.
Daniele Spada shall report directly to the SGR Board of Directors and will work with Umberto Quadrino, Tages’ Chairman and Tages Capital SGR’s Head of Investments. He will also be responsible for marketing in Italy the investment solutions of Investcorp-Tages Limited, the new joint venture between Tages Group and Investcorp S.A. in the field of liquid alternative products and impact investing, in close coordination with Salvatore Cordaro and Lionel Erdely, co-CEOs of Investcorp-Tages.
Daniele Spada has almost 20 years of international experience in the Asset and Wealth Management industry, acquired in two French banking groups, both in the space of alternative investments and long only funds. He has gained strong professional skills and a unique experience in fund management, as well as business transformation and development in the asset management business.
Following a degree in Economics with specialisation in Finance at Bocconi University, he joined the Executive Committee of Lyxor Asset Management in Paris in 2018, as Head of Strategy and Development. In the same year he was appointed CEO of SG 29 Haussmann, Société Générale’s management company focused on funds and portfolios management for the group’s private clients. The company had 45 professionals and almost 8 billion euros AUM.
Previously, Daniele held several senior management roles at Lyxor Asset Management in Paris. He led the Managed Account and Fund Selection Platform, the second largest fund platform in the world. The platform, with more than 25 billion euros in assets and around 300 managed or selected funds, provides international investors with access to alternative and traditional funds. At Lyxor he also worked as a manager in the multi-management team and as Head of the Investment Advisory team.
From 2001 to 2007 he worked firstly at BNP Paribas Asset Management as Risk & Performance analyst and then, since 2004, at BNP Paribas Securities Services as Head of the Performance & Risk Measurement department, an international team of 40 people dedicated to providing value-added services to institutional clients in Europe, Asia and Australia.
“We are proud to have in our team a professional of Daniele’s experience, who will give a paramount support to our business – stated Umberto Quadrino. We are growing significantly and we need people with international experience who are passionate about their job and have the capability to work in teams and by objectives. Tages Capital SGR, through Tages Helios and Tages Helios II funds, has so far raised more than 500 million euros, winning the interest of major institutional investors – including leading insurance companies, pension funds, banking foundations and banks – and positioning itself as Italy’s second largest operator in the photovoltaic industry for assets held in its portfolio. As we grow, we intend to continue the fundraising to invest in the renewable energy sector, whilst consolidating Tages group’s leading position in the ESG, impact and environmental investing and private debt sector, together with Investcorp-Tages”.
“After almost 20 years of international experience, I am honoured to join an Italian company with a strong development dynamic in alternative asset classes and to be able to contribute to a further phase of growth, both internationally, byconsolidating its presence in Europe, and in new funds development, alongside a team of highly qualified professionals. I am convinced that our work will continue to provide new investment solutions for our investors, in a context that puts infrastructure investments, and alternatives in general, even more at the centre of investment choices” – commented Daniele Spada.
Tages Capital SGR
Tages Capital SGR, part of Tages Group, is an independent asset management company specializing in alternative products managing infrastructure funds with a focus on renewable energy.
Tages Capital SGR is the second largest photovoltaic operator in Italy with assets worth over 1 billion euros, managed through two funds, Tages Helios and Tages Helios II, with an innovative owner-manager model and a buy and hold strategy.
Tages is an international asset management group active in several businesses: i) in the alternative liquid funds and impact investing sector, through Investcorp-Tages the recent joint venture with Investcorp S.A, with over $6 billion in revenue generating assets; ii) in the renewable energy sector with Tages Capital SGR, and iii) in private equity through a strategic partnership with Vam Investments Group, an investment company specialised in growth capital and buyouts. Founded in 2011 by Panfilo Tarantelli, Sergio Ascolani and Salvatore Cordaro and with offices in New York, London and Milan, Tages’ partners also include Umberto Quadrino and Francesco Trapani. Tages’ shareholders also hold a minority stake in Credito Fondiario, a leading operator in the Italian credit sector.
Milan, XX September 2020