FIEE SGR S.p.A.

FIEE SGR is a ‘native ESG’ private equity company committed to setting up and managing alternative investment funds (AIFs) that invest in energy transition projects (energy efficiency, renewables, electrification, energy communities, …) with attractive returns and low volatility.

One of the leading European funds focused on energy transition

Main Italian private player in public lighting: over 800,000 lighting points in 200 cities

Main national player in buildings energy efficiency: management of 3,000 buildings, major player in HVACR technology innovations (Heating, Ventilation, Air Conditioning, Refrigeration)

Major player in renewables: over 250MW in operation

First mover in energy communities and energy storage (hydrogen-to-power)

Market & Investment strategy

Broad and growing market: € 145 billion by 2030

Market-oriented sectors, public subsidy-free

Investment and divestment effective and proven strategy:

€ 157 million invested by the first fund FIEE I (‘Fondo Italiano per l’Efficienza Energetica’), investment period completed
Four exits successfully completed with high returns
More than € 143 million already allocated through IEEF II (“Italian Energy Efficiency Fund II”), ongoing investment period

Funds & Investors

FIEE I:

Start-up: 2016
Assets under management: € 191 million, of which € 166 million direct and € 25 million indirect
Investments: € 157 million completed in 6 deals.
Four exits successfully completed with high returns
More than € 143 million already allocated through IEEF II (“Italian Energy Efficiency Fund II”), ongoing investment period
Expiry date: 2028

IEEF II:

Start-up: 2020
Assets under management: € 201 million, funding completed above the € 200 million threshold (over 70% raised by FIEE I investors)
Investments: over € 143 million already committed by IEEF II, thereof € 133 million already invested
First successful exit for € 38 million and high returns
Expiry date: 2032

Investors:

The investors are leading international financial institutions: insurance companies, funds of funds, banks, banking foundations, as well as family offices and SGR’s partners and managers.
European Investment Bank is Anchor Investor in both Funds, with € 25 million on FIEE I and € 40 million on IEEF II

Appealing returns & Low risk profile

Investments with stable and predictable cash flow generation

Funds with attractive low-volatility returns

FIEE I has a positive J-Curve, regular distributions, and a double-digit return
IEEF II confirms the same risk-return profile as FIEE I

Team & Track record

Highly qualified Team with proven track record in the energy and finance sectors

Partners and Key Managers with track records on different business ventures too

Partners and Managers are also investors in the established and managed Funds

Portfolio

Native ESG private equity platform aiming at energy transition

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7

Companies currently in portfolio, after divestments

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1000+

Employees

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Over € 2 billion

capex performed or in progress in the energy transition

In December 2022, PLT Energia (invested by both funds) was sold to ENI Plenitude.
FIEE I fund also finalised in May 2023 the sale of Selettra S.p.A. to the German private equity fund managed by PATRIZIA Infrastructure Ltd and in September 2023 the sale of Comat SE S.p.A. to two investment funds managed by Pioneer Point Partners LLP and Marguerite III GP S.à r.l., respectively.

With a high-level relationship system, experience, and strategic vision in our fields of expertise and a strong track record, we are the ideal private equity platform to invest in the energy transition.

The investors are leading international financial institutions: insurance companies, funds of funds, banks, banking foundations, as well as family offices and the SGR’s partners and managers.