Benetton holding Edizione completes 21 Next asset management merger

Edizione S.p.A., the family office of the Benetton family, has completed the integration of 21 Invest and Tages into a single alternative asset management platform, 21 Next, with the closing announced on 3 September 2026. Edizione holds 55 per cent of the new company and the founders and senior management hold the remaining 45 per cent, a group that includes Alessandro Benetton on the 21 Invest side and Panfilo Tarantelli, Umberto Quadrino and Sergio Ascolani on the 21 Tages side. The platform starts with roughly 3 billion euros under management across eleven active funds and more than 100 professionals in Treviso, Milan and Paris, and it targets more than 10 billion euros over time. Edizione is committing 500 million euros of seed capital for growth, and a new pan-European private equity fund of 800 million euros is being prepared for lower mid-market buyouts. The existing funds cover four flagship buyout vehicles, three energy transition funds holding more than 500 plants and around one gigawatt of capacity, a healthcare fund, a mid-market infrastructure fund, a private debt fund and a continuation fund. Clearances came from the European Commission, the Italian competition authority, the Bank of Italy and the French regulator.

About Edizione: The Benetton family holding

Edizione S.p.A. is the investment holding company of the Benetton family, based in Treviso and founded in 1981 as the group holding for a knitwear business the Benetton brothers had started in 1955. It calls itself one of Europe’s leading investment holding companies and describes its philosophy as that of an active investor operating a platform for innovation and sustainable value creation. Its holdings span transport and digital infrastructure, travel retail and food and beverage, clothing and textiles, real estate and agriculture, financial institutions, venture capital and alternative asset management. The portfolio it publishes includes Mundys at 57.01 per cent, Avolta at 22.77 per cent, Cellnex at 10.25 per cent, Assicurazioni Generali at 4.80 per cent and Banca Monte dei Paschi di Siena at 1.45 per cent, alongside wholly owned positions in Benetton Group, Olimpias Group, Maccarese, Edizione Property and Compañia de Tierras Sud Argentino. Edizione also owns half of the venture firm 2100 Ventures and holds Benetton Rugby and Verde Sport. The 55 per cent stake in 21 Next now sits within that list as the family’s alternative asset management arm.

Picture Source: Unsplash+

Article Source: Edizione [September 3, 2026]