Arca Fondi SGR earns this recognition for translating scale, governance discipline and product design into credible private-market access for Italian savers and institutions while maintaining a demonstrable focus on risk control and suitability. The judging panel highlights how the firm has developed the operational depth and governance structure required to broaden access to historically institutional asset classes without compromising prudence or transparency. A defining element of this capability is Arca Space Capital, which reached final closing in July 2025 at €205m and reported three investments within its first eighteen months. This measured deployment signals disciplined sourcing, careful pacing and a robust investment approval framework suited to the complexities of illiquid markets. Importantly, the strategy is framed not as a headline offering but as a thoughtfully integrated portfolio allocation tool, with liquidity planning, portfolio construction and investor communication treated as central safeguards. Such emphasis reduces behavioural and operational risk for investors while supporting capital formation in innovative sectors such as space technologies. The panel also values the consistency of the firm’s broader investment governance, reinforced by industry recognition including the Premio Alto Rendimento from Il Sole 24 Ore, awarded thirteen times, reflecting durable portfolio oversight and process discipline. Together these elements illustrate a manager capable of extending private-market participation responsibly while preserving fiduciary rigour. The Capital Finance International (CFI.co) Judging Panel congratulates Arca Fondi SGR on winning the Best Private Market Fund 2026 Award (Italy).