Mediobanca Private Banking has bolstered its alternative investments offering for Italian private clients with the launch of Mediobanca Private Markets Fund III, the third fund from the investment programme developed in collaboration with Russell Investments.

Having raised over $250 million with the first two funds, the new strategy is spread over three main sectors: secondary market, distressed strategies and opportunities in dislocated industrial sectors.

The portfolio will be structured in order to exploit new opportunities that arise, particularly in the most distressed vintage funds, the firms said.

At th...