Barings Supports Fondo Italiano d’Investimento and The Equity Club’s Investment in Isoclima

Barings, one of the world's leading alternative investment managers, today announced its role as lead lender of senior secured credit facilities to support Fondo Italiano d'Investimento and The Equity Club's investment in Isoclima.

The transaction builds on Barings' longstanding relationship with Isoclima, which began in 2021 when Barings partnered with Stirling Square Capital Partners and the management team to support the refinancing of the business. Barings' continued backing of Isoclima through multiple ownership cycles underscores its strong conviction in the business and reinforces its commitment to supporting leading Italian companies.

Founded in 1977 and headquartered in Italy, Isoclima is a global leader in the design and manufacture of high-performance transparent solutions for applications across Aerospace, Civilian Armored and Defense Vehicles, High-Performance Cars, Yachting, Security Architecture, and Rail. Isoclima partners with leading international OEMs and blue-chip clients across the world's most demanding markets and is renowned for its advanced engineering capabilities, extensive patent portfolio, and strong commitment to sustainability.

Joe Plank, Managing Director, Barings Global Private Finance Group, said:
"We are proud to support Isoclima as it embarks on its next chapter under the ownership of Fondo Italiano d'Investimento and The Equity Club. Our continued partnership reflects our confidence in Isoclima's market leadership and differentiated capabilities. The transaction also highlights Barings' growing presence in the Italian market and our ongoing commitment to delivering flexible, long-term financing solutions to high-quality businesses across the country."

About Barings
Barings is a $502 billion* global alternative asset manager that partners with institutional, insurance and wealth clients and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual with a minority investment from MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.

*As of June 30, 2026

About Fondo Italiano d'Investimento SGR
Established in 2010 on the initiative of the Ministry of Economy and Finance (MEF) and backed by CDP Equity, Intesa Sanpaolo, UniCredit, Fondazione ENPAM, Fondazione ENPAIA, ABI, Banco BPM and BPER Banca, Fondo Italiano d'Investimento SGR's primary objective is the management of closed-end investment funds dedicated to channeling capital towards the system of Italian companies of excellence, combining the objective of a return on invested capital, in line with international benchmarks, with that of developing the Italian production system. Fondo Italiano manages 25 closed-end investment funds reserved for qualified investors, totaling over €5 billion, and operates through direct and indirect investments (funds of funds). Fondo Italiano considers sustainability a fundamental value and is committed to integrating environmental, social and governance (ESG) criteria into its investment activities.

About The Equity Club
The Equity Club is a club deal initiative promoted by Roberto Ferraresi, Filippo Penatti, and Mediobanca, established with the aim of creating a flexible private capital platform. Now in its second edition, the initiative involves some of Italy's leading entrepreneurial families, with aggregate soft commitments of approximately €900 million. Through its first investment program, The Equity Club promoted investments of around €500 million in successful Made in Italy companies, including Jakala, La Bottega, Philogen, Lincotek, HSA, Regi, ART, and Tatuus (now Korus). Through its second program, The Equity Club has completed investments in Club del Sole, Rainbow, Forgital, Isoclima, Lux Entertainment, CareHub and Korus.