Monica Perricone
Investment Associate
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- Full Name
- Monica Perricone
- Title
- Investment Director
- Firm
- Three Hills Capital Partners (THCP / Three Hills)
- Firm Type
- Private Equity — European "structured capital" / flexible growth capital
- Investment Stage
- Growth / mid-market (established, entrepreneur-led businesses — not seed/venture)
- Check Size
- Firm typically deploys ~€25m–€100m+ per deal; deals Perricone has been associated with include ~€50m (SEC Newgate) and up to ~€64m (Digital360). Fund IV closed at a ~€1bn hard cap; firm AUM is €2bn+.
- Target Company Profile
- Successful, profitable, entrepreneur- and management-led businesses in the European mid-market seeking flexible capital for growth, M&A, buyouts, delistings, or liquidity — without ceding control
- Sector Focus
- Sector-agnostic, with THCP activity across healthcare & healthcare software, consumer/hospitality, communications/marketing services, energy/renewables, industrials and digital/technology
- Geographic Focus
- Pan-European (with notable strength in Italy); portfolio and pipeline span ~8 countries
- Location
- London, UK (with strong ties to Milan, Italy; Italian national)
Background
Monica Perricone is an Investment Director at Three Hills Capital Partners, the London-headquartered European structured-capital firm founded in 2008 by Mauro Moretti. She joined Three Hills in February 2019 as a Senior Investment Manager and has since been promoted to Investment Director, sitting within the firm's core investment team alongside partners such as Marco Anatriello, Pablo Vélez and Pauline Ammeux. At THCP she has led or worked on Italian-focused transactions, reflecting both her background and the firm's significant Italian deal flow.
Before Three Hills, Perricone spent approximately four years at Deutsche Bank, working in the European Leveraged Finance Group and in Equity Capital Markets. She progressed through several roles there after joining full-time following a summer internship in the Equity Capital Markets division — experience in debt and equity financing that maps closely onto THCP's hybrid "structured capital" approach, which blends preferred equity, debt and equity instruments.
Academically, she holds an MSc in Finance (cum laude) from Bocconi University in Milan, and her profile also references study associated with Columbia Business School. She is bilingual in Italian and English.
Three Hills, where she works, describes itself as a pioneer and leader in European structured capital, providing flexible, non-control-oriented capital to Europe's highest-quality entrepreneur-led businesses. The firm manages over €2bn and closed its fourth flagship fund (THCS IV) at a hard cap of just over €1bn, a substantial step up from the €540m THCS III (2019). It has offices in London, Milan, New York and Luxembourg and a team of roughly 47 people including ~19 partners.
Investment Thesis & Focus
- Invests flexible / "structured" capital — preferred equity, loans and equity blended per deal — rather than plain-vanilla control buyouts; the pitch is *capital without loss of control* for founders and management teams.
- Backs profitable, established, entrepreneur-led mid-market businesses in Europe, not early-stage/venture; capital is used for growth, M&A roll-ups, public-to-private delistings, and shareholder liquidity.
- Pan-European and sector-agnostic, with a clear track record in Italy and in healthcare, hospitality/consumer, communications, energy transition and digital services.
- Says "yes" to businesses with strong management teams and a clear buy-and-build / M&A growth story, where THCP's flexible instrument can bridge a gap that neither traditional PE nor lenders fill.
- Check sizes and deal structures are large and bespoke (tens of millions of euros up to €100m+), consistent with a €1bn fund and €2bn+ AUM.
Notable Investments
- SEC Newgate S.p.A. — Global strategic communications group; THCP committed ~€50m of preferred capital to support its delisting from London's AIM and fund an ongoing M&A strategy. (SEC Newgate later secured a further ~$100m equity investment from Investcorp.)
- Digital360 — Leading Italian provider of digital marketing, advisory and digital-transformation services; THCP committed up to ~€64m (mix of preferred capital, loan and equity) to back its delisting from Euronext Growth Milan (Borsa Italiana) and M&A plans.
- Dedalus — International group in the healthcare software industry (THCP portfolio).
- Alliance Pharma — International consumer healthcare company (THCP portfolio).
- Castellet Hospitality — Budget/midscale hotel investment and operations platform in France (THCP portfolio).
- Kernel Global — THCP platform/growth investment (announced portfolio addition).
- Other THCP portfolio names include ACT (energy commodities trading), Aquafil (nylon), CareTech (UK social care), Building Energy (renewables), Destia (French home care) and Catom (Dutch fuel distribution).
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