The Sorgente Group began operations in the real estate fund sector in Italy with the establishment of Sorgente SGR in 1999, one year after the introduction of the legislation that consolidated the sector.
In the early years, between 2000 and 2006, Sorgente SGR launched 3 Italian real estate funds. As of the end of 2010 Sorgente SGR's managed and promoted funds stand at 21.
The Group's international focus, which initially involved real estate investment activities in the United States in particular, was consolidated in 2007 with the establishment of a investment management company in Luxembourg, Main Source S.A.
Over the last three years an additional 9 Italian registered real estate funds have been established as well as 2 registered in Luxembourg.
In 2010 the Italian registered Michelangelo Fund was liquidated at maturity with an internal rate of return of 8.5%.