FIEE I Fund
FIEE I is the first closed-end alternative investment fund promoted and managed by FIEE SGR.
FIEE I was established in July 2016 and reached a size of € 166 million in 20 December 2017, exceeding its initial target of € 150 million.
In May 2020, FIEE I closed its investment period ahead of schedule, ultimately investing in six portfolio companies.
FIEE I has established itself as a reference investor and partner in the energy efficiency sector in Italy, by providing capital, know-how, and network for its development. In particular, through its portfolio companies, FIEE I is currently the first Italian private player in public lighting and among the top three in energy service in residential buildings.
6
Investee companies
330+
Employees
€ 221mln
Revenue
€ 71mln
EBITDA
402.103 MWh
Generation from renewable sources
220.108 tCO2
CO2 emissions avoided
293.444 MWh
Energy saved
Investors
According to the different classes of units subscribed, Investors are divided into two main categories:
- Qualified Investors: professional and retail investors, A share subscribers for a total of € 162 million;
- Management of FIEE SGR: subscribers of A share for a total of € 2.5 million and of B share for a total of € 1.5 million.
The chart below shows the breakdown of fund inflows by investor class.
Advisory Board
Collegial body representing investors which operates with advisory or binding functions, pursuant to the Fund LPA.
The Advisory Board expresses its non-binding opinions in relation to particular important events for the Fund. Furthermore, FIEE Board of Directors requests its prior consent in some specific instances, e.g. in cases of potential conflict of interests, co-investments or requests for concentration limits’ extensions.