VAM Investments is a private equity holding company located in Milan, founded in 2011 as the investment vehicle of its partners alongside private and institutional co-investors.

We focus on growth and buyout private equity investments, with a broad scope in terms of industries, taking majority or significant minority positions with active control powers and clear exit paths.

We also look for asset-based “yield” investments in renewable energy and real estate.


Marco Piana

Founder & Managing Partner


  • 11 years in private equity with: Fondo Italiano di Investimento (Partner), 3i (Director), Magenta (Director), Investitori Associati (Senior Associate)
  • 2 years with McKinsey & Company, Milan (Associate)
  • MBA, Columbia Business School, NY
  • MS Mechanical Engineering, Polytechnic Institute of Turin

Giuliano Palazzo

Managing Partner


  • Principal investor and M&A advisor
  • 4 years principal investing with Absolute Energy Capital (Partner)
  • 9 years investment banking with JPMorgan (VP), Dresdner Kleinwort (VP) and CA Indosuez (Associate)
  • Executive Programme in Finance, Insead, Fontainebleau
  • MS Engineering, Federico II, Naples

Armando Golia

Investment Associate


  • 4 years with Principia SGR, Milan, venture capital and private equity fund (Investment Analyst)
  • Internship with Insinger de Beaufort and Crowd Puller Srl
  • MS General Management - Finance, LUISS University, Rome

Andrea Valenti

Investment Associate


  • 2 years with Banco Popolare, Finance Department, London & Milan
  • 2 years with Bank of America Merrill Lynch, London (M&A Analyst)
  • 1 year with Barclays Wealth, Milan (Graduate Programme)
  • MSc Investment Management, Cass Business School, London
  • BS Business Administration, Bocconi, Milan

Guido Maria Dania

Investment Analyst


  • Internship with Mediobanca, Corporate Finance and M&A, Milan
  • Internship with Accenture Consulting, Corporate Banking, Rome
  • MSc Management - Corporate Finance, LUISS, Rome
  • BS Economics and Management, LUISS, Rome

Valeria Milanesi

Office Manager


  • 5 years Executive Assistant with Deloitte, Milan
  • 2 years Office Manager with Mexeco Consulting, Milan
  • 4 years Executive Assistant with Allianz, Milan
  • MS in Foreign Languages and Literatures, IULM, Milan

Senior Advisors