MIV Market for Investment Vehicles – is the regulated market managed by Borsa Italiana dedicated to the listing of vehicles that invest in real economy, mainly closed-end Alternative Investment Funds (AIFs).

Several types of AIFs can be listed on MIV: domiciled in Italy or in other EU countries, dedicated to retail or professional investors, constituted under the law of contract, under trust law, under statute, or as any other legal form, including ELTIF, EuVECA and EuSEF.

Special Purpose Acquisition Companies (SPACs) and other non-AIFs can be listed on the MIV under certain conditions, e.g. SIIQs (Società di Investimento Immobiliare Quotate) that have not already fully completed the investment strategy.

The MIV is neutral in relation to the investment strategies.

For example, AIFs with the following investment strategies can be listed:

venture capital

Venture Capital

private equity

Private Equity

private debt

Private Debt



Real Estate

Real Estate





For more information, it is possible to:

  • download the presentation of the market at the following link
  • view listed funds on the MIV at the following link
  • view listed corporate based investment vehicles on the MIV at the following link

Contacts: investmentvehicles@borsaitaliana.it

Sustainable Finance
Discover  the new  section of Borsa Italiana website dedicated to Sustainable Finance
Amendments to the MIV rules
With resolution no. 20906 of the 2 May 2019, Consob approved the amendments to the Rules of the Markets managed and organized by Borsa Italiana, already approved by Borsa Italiana’s Board of Directors on 25 March 2019

The amendments include the review of the rules governing alternative funds (AIFs) to be listed on the MIV market (Market for Investment Vehicles). The amendments entered into force on 3 June 2019

MIV: The Italian Regulated Market for Alternative Investment Funds

Download the presentation: VISUALIZZA PDF pdf

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