In September 2026, the first exit of our PIPE Fund was completed, bringing to a close\u2014less than three years after our entry\u2014our investment pathway in TXT e-solutions, an international group operating in the provision of software and digital solutions for high-complexity sectors.<\/p>\n\n\n\n
The transaction closed with high double-digit returns, outperforming key benchmark timeframes, and serves as the first concrete validation of the PIPE Fund's strategy: identifying Italian small-cap companies\u2014whether listed or near-listing\u2014with strong fundamentals and growth potential not yet fully recognized by the market, and actively contributing to their value creation.<\/p>\n\n\n\n
Alkemia invested in TXT e-solutions in 2023, identifying the Group\u2019s strong fundamentals, high-quality management team, and growth prospects as the core elements of its investment thesis. Throughout the holding period, Alkemia supported the company as an active shareholder, providing expertise and networks to back its growth path and bolster its dialogue with the financial community.<\/p>\n\n\n\n