12:28 - 2.05.2025

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May 2, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) has acquired a stake in a private equity fund based in Dubai, SOFAZ said in response to APA's inquiry.

In the first quarter of 2025, the Fund acquired a €20 million stake in the private equity fund Azzurra Capital Fund I, managed by the company Azzurra Capital.

It should be noted that this private equity fund was established in 2023 and is based in the United Arab Emirates. The fund has a portfolio size of $652 million and primarily targets investments in leading companies across Europe, with a focus on Italy.

Recall that SOFAZ continues to diversify its equity investments. Earlier this year, in February, the Fund announced a €34.5 million investment in Italo, one of Italy’s leading high-speed rail operators.