The Italian Independent Investment Bank
Focused on Clients, Driven by Excellence
The Italian Independent Investment Bank
Focused on Clients, Driven by Excellence
MISSION
Financially empowering our clients with long-term growth and value creation.
Financially empowering our clients with long-term growth and value creation.
At FR Capital, we are committed to delivering independent, insightful, and innovative advisory services, uniquely tailored to meet the specific needs of every client.
Through our commitment to excellence, integrity, and strategic collaboration, we strive to be the trusted partner that delivers exceptional outcomes, helping our clients navigate complex financial landscapes and achieve their most ambitious goals.













About us
Who We Are
FR Capital is a leading advisory firm that uniquely combines M&A, structured finance and capital markets expertise.
FR Capital is specialized in structuring and executing M&A, raising private equity and debt capital, and offering strategic and tactical advice in complex transactions.
20+
20+
20+
Year experience. Our team boasts extensive experience in the industry, ensuring you have access to a wealth of knowledge and expertise.
98%
98%
98%
Client satisfaction rate. The vast majority of our clients are thrilled with the exceptional service they receive.
Why Choose Archi Real Estate?
Who we are
Wo We Are
Experience the difference exceptional service makes. At Archi Real Estate, we're dedicated to exceeding your expectations throughout your real estate journey. Our commitment to excellence is reflected in our proven track record and dedication to our clients.
FR Capital is a leading advisory firm that uniquely combines M&A, structured finance and capital markets expertise.
FR Capital is specialized in structuring and executing M&A, raising private equity and debt capital, and offering strategic and tactical advice in complex transactions.
FR Capital is a leading advisory firm that uniquely combines M&A, structured finance and capital markets expertise.
FR Capital is specialized in structuring and executing M&A, raising private equity and debt capital, and offering strategic and tactical advice in complex transactions.


founders
David Caviglia
Managing Partner
David Caviglia serves as Managing Partner at FR Capital. He has extensive experience in M&A and structured finance and is based in the Firm’s Rome office.
With over two decades of expertise, David has led numerous transactions in real estate corporate finance, M&A, debt and equity capital markets, strategic advisory and financial restructuring.
Prior to founding FR Capital, David was the Managing Partner of Finance Roma, an Italian investment vehicle specialized on the acquisition of NPEs. Prior to that, he spent 14 years at Houlihan Lokey, where he rose to the position of Italian Head of Real Estate, and 7 years at Lazard.
Throughout his career, David has successfully originated, structured and executed transactions for a total volume in excess of €25 Billions.
David holds a Bachelor’s Degree with honors from Sapienza University.
20+
Years of experience
€25Bn+
transactions' total volume


Our founders
David Caviglia
Managing Partner
David Caviglia serves as the Managing Partner at FR Capital. He has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over two decades of expertise, David has led numerous transactions in real estate corporate finance, M&A, debt and equity capital markets, strategic advisory, and financial restructuring.
Prior to founding FR Capital, David was the Managing Partner of Finance Roma, an Italian investment vehicle specialized on the acquisition of NPEs. Prior to that, he spent 14 years at Houlihan Lokey, where he rose to the position of Italian Head of Real Estate.
Throughout his career, David has successfully originated, structured and executed transactions for a total volume in excess of €25 Billions.
David holds a Bachelor’s Degree with honors from Sapienza University.
20+
years of experience
€25Bn+
TRansactions' volume


Our founders
David Caviglia
Managing Partner
David Caviglia serves as the Managing Partner at FR Capital. He has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over two decades of expertise, David has led numerous transactions in real estate corporate finance, M&A, debt and equity capital markets, strategic advisory, and financial restructuring.
Prior to founding FR Capital, David was the Managing Partner of Finance Roma, an Italian investment vehicle specialized on the acquisition of NPEs. Prior to that, he spent 14 years at Houlihan Lokey, where he rose to the position of Italian Head of Real Estate.
Throughout his career, David has successfully originated, structured and executed transactions for a total volume in excess of €25 Billions.
David holds a Bachelor’s Degree with honors from Sapienza University.
20+
years of experience
€25Bn+
TRansactions' volume


Our founders
David Caviglia
Managing Partner
David Caviglia serves as the Managing Partner at FR Capital. He has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over two decades of expertise, David has led numerous transactions in real estate corporate finance, M&A, debt and equity capital markets, strategic advisory, and financial restructuring.
Prior to founding FR Capital, David was the Managing Partner of Finance Roma, an Italian investment vehicle specialized on the acquisition of NPEs. Prior to that, he spent 14 years at Houlihan Lokey, where he rose to the position of Italian Head of Real Estate.
Throughout his career, David has successfully originated, structured and executed transactions for a total volume in excess of €25 Billions.
David holds a Bachelor’s Degree with honors from Sapienza University.
20+
years of experience
€25Bn+
Transactions' volume


Our founders
David Caviglia
Managing Partner
David Caviglia serves as the Managing Partner at FR Capital. He has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over two decades of expertise, David has led numerous transactions in real estate corporate finance, M&A, debt and equity capital markets, strategic advisory, and financial restructuring.
Prior to founding FR Capital, David was the Managing Partner of Finance Roma, an Italian investment vehicle specialized on the acquisition of NPEs. Prior to that, he spent 14 years at Houlihan Lokey, where he rose to the position of Italian Head of Real Estate.
Throughout his career, David has successfully originated, structured and executed transactions for a total volume in excess of €25 Billions.
David holds a Bachelor’s Degree with honors from Sapienza University.
20+
years of experience
€25Bn+
Transactions' volume


Our founders
David Caviglia
Managing Partner
David Caviglia serves as the Managing Partner at FR Capital. He has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over two decades of expertise, David has led numerous transactions in real estate corporate finance, M&A, debt and equity capital markets, strategic advisory, and financial restructuring.
Prior to founding FR Capital, David was the Managing Partner of Finance Roma, an Italian investment vehicle specialized on the acquisition of NPEs. Prior to that, he spent 14 years at Houlihan Lokey, where he rose to the position of Italian Head of Real Estate.
Throughout his career, David has successfully originated, structured and executed transactions for a total volume in excess of €25 Billions.
David holds a Bachelor’s Degree with honors from Sapienza University.
20+
years of experience
€25Bn+
Transactions' volume


founders
Raffaello Naim
Partner
Raffaello has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over 6 years of experience in the Investment Banking and Real Estate sector, he was a Senior Associate in the Real Estate and Secured Lending team at Morgan Stanley in London.
Throughout his career, Raffaello has successfully originated, structured and executed real estate financings for a total volume in excess of €5 Billions.
Raffaello holds a Bachelor’s Degree with honors from LUISS University and a MSc of Finance from Bocconi University.
6+
Years of experience
€5Bn+
transactions' total volume


Our founders
Raffaello Naim
Partner
Raffaello has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over 6 years of experience in the Investment Banking and Real Estate sector, he was a Senior Associate in the Real Estate and Secured Lending team at Morgan Stanley in London.
Throughout his career, Raffaello has successfully originated, structured and executed real estate financings for a total volume in excess of €5 Billions.
Raffaello holds a Bachelor’s Degree with honors from LUISS University and a MSc of Finance from Bocconi University.
6+
years of experience
€5Bn+
TRansactions' volume


Our founders
Raffaello Naim
Partner
Raffaello has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over 6 years of experience in the Investment Banking and Real Estate sector, he was a Senior Associate in the Real Estate and Secured Lending team at Morgan Stanley in London.
Throughout his career, Raffaello has successfully originated, structured and executed real estate financings for a total volume in excess of €5 Billions.
Raffaello holds a Bachelor’s Degree with honors from LUISS University and a MSc of Finance from Bocconi University.
6+
years of experience
€5Bn+
TRansactions' volume


Our founders
David Caviglia
Managing Partner
David Caviglia serves as the Managing Partner at FR Capital. He has extensive experience in European real estate finance and is based in the Firm’s Rome office.
With over two decades of expertise, David has led numerous transactions in real estate corporate finance, M&A, debt and equity capital markets, strategic advisory, and financial restructuring.
Prior to founding FR Capital, David was the Managing Partner of Finance Roma, an Italian investment vehicle specialized on the acquisition of NPEs. Prior to that, he spent 14 years at Houlihan Lokey, where he rose to the position of Italian Head of Real Estate.
Throughout his career, David has successfully originated, structured and executed transactions for a total volume in excess of €25 Billions.
David holds a Bachelor’s Degree with honors from Sapienza University.
20+
years of experience
€25Bn+
Transactions' volume


Our founders
Raffaello Naim
Partner
Raffaello Naim is a Partner at FR Capital. Raffaello has extensive experience in European real estate finance and is based in the Firm’s Rome office.
Raffaello has over 6 years of experience in the Investment Banking and Real Estate sector.
Prior to co-founding FR Capital, Raffaello was a Senior Associate in the Real Estate and Secured Lending team at Morgan Stanley in London.
Throughout his career, Raffaello has successfully originated, structured and executed real estate financings for a total volume in excess of €5 Billions.
Raffaello holds a Bachelor’s Degree with honors from LUISS University and a MSc of Finance from Bocconi University.
6+
years of experience
€5Bn+
Transactions' volume


Our founders
Raffaello Naim
Partner
Raffaello Naim is a Partner at FR Capital. Raffaello has extensive experience in European real estate finance and is based in the Firm’s Rome office.
Raffaello has over 6 years of experience in the Investment Banking and Real Estate sector.
Prior to co-founding FR Capital, Raffaello was a Senior Associate in the Real Estate and Secured Lending team at Morgan Stanley in London.
Throughout his career, Raffaello has successfully originated, structured and executed real estate financings for a total volume in excess of €5 Billions.
Raffaello holds a Bachelor’s Degree with honors from LUISS University and a MSc of Finance from Bocconi University.
6+
years of experience
€5Bn+
Transactions' volume
services
Providing unconflicted and independent strategic advice to the world’s most sophisticated clients.

Values
Everything we do at FR Capital is driven by our core values
Guided by Principles that define our Purpose and shape our clients’ success.
Premium Client Service
Prioritizing the distinct needs and goals of each client, striving to forge lasting relationships and exceed expectations with innovative and independent advice to achieve outstanding results.
Premium Client Service
Prioritizing the distinct needs and goals of each client, striving to forge lasting relationships and exceed expectations with innovative and independent advice to achieve outstanding results.
Integrity
Upholding the highest ethical standards in every transaction, ensuring transparency, honesty, and trustworthiness in all client interactions.
Integrity
Upholding the highest ethical standards in every transaction, ensuring transparency, honesty, and trustworthiness in all client interactions.
Excellence
Relentlessly committing to exceptional quality and execution in all services, striving for superior results for our Clients.
Excellence
Relentlessly committing to exceptional quality and execution in all services, striving for superior results for our Clients.
Innovation
Embracing creative strategies and forward-thinking approaches to navigate complex situations and deliver optimal results.
Innovation
Embracing creative strategies and forward-thinking approaches to navigate complex situations and deliver optimal results.

Values
Everything we do at FR Capital is driven by our core values
Guided by Principles that define our Purpose and shape our clients’ success.
Premium Client Service
Prioritizing the distinct needs and goals of each client, striving to forge lasting relationships and exceed expectations with innovative and independent advice to achieve outstanding results.
Integrity
Upholding the highest ethical standards in every transaction, ensuring transparency, honesty, and trustworthiness in all client interactions.
Excellence
Relentlessly committing to exceptional quality and execution in all services, striving for superior results for our Clients.
Innovation
Embracing creative strategies and forward-thinking approaches to navigate complex situations and deliver optimal results.

Values
Everything we do at FR Capital is driven by our core values
Guided by Principles that define our Purpose and shape our clients’ success.
Premium Client Service
Prioritizing the distinct needs and goals of each client, striving to forge lasting relationships and exceed expectations with innovative and independent advice to achieve outstanding results.
Integrity
Upholding the highest ethical standards in every transaction, ensuring transparency, honesty, and trustworthiness in all client interactions.
Excellence
Relentlessly committing to exceptional quality and execution in all services, striving for superior results for our Clients.
Innovation
Embracing creative strategies and forward-thinking approaches to navigate complex situations and deliver optimal results.
