MILAN, June 26 (Reuters) - Nextalia, the asset manager founded by Italian investment banker Francesco Canzonieri, has raised 300 million euros ($327 million) for a fund that will invest in troubled loans and businesses, it said on Monday.

Nextalia, which is backed by Intesa Sanpaolo and UnipolSai, raised the money in less than three months after receiving a regulatory green light, and could gather more by the end of the year when the final closing will take place.

The fund, dubbed Nextalia Credit Opportunities, was financed for roughly one third by 10 leading banks and insurers. Another third came from family offices and business owners and the rest from investors such as pension funds and banking foundations.

The asset manager a year ago raised 800 million euros for its Nextalia Private Equity fund.

"The first closing of the (Credit Opportunities) fund ... allows Nextalia – in less than two years from the start of operations – to exceed one billion euro in assets under management," Canzonieri said in a note.

A former Barclays and Mediobanca banker, Canzonieri left his mark on Italy's financial industry when he worked with Intesa Sanpaolo in its 2020 takeover of smaller rival UBI, in a deal that was aided by the involvement of UnipolSAI-backed BPER Banca . ($1 = 0.9167 euros) (Reporting by Valentina Za Editing by Keith Weir)