FIEE I Fund
The Italian Fund for Energy Efficiency (FIEE I) is the first closed-end alternative investment fund promoted and managed by FIEE SGR.
The Italian Fund for Energy Efficiency (FIEE I) was established on 15 July 2016 and the placement activity raised € 166 million on 20 December 2016, thus exceeding the initial target of 150 million.
In May 2020, FIEE I completed the investment period in advance, investing in six investee companies.
FIEE I has established itself as a reference investor and partner in the energy efficiency sector in Italy, by providing risk capital for development and specific industrial skills. In particular, through the invested six investee companies, FIEE I is currently the first Italian private player in public lighting and among the top three in the residential energy service.
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 illustrates 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 Regulations.
The Advisory Board expresses its non-binding opinion in relation to particular important events for the Fund. Furthermore, the Board of Directors requests its prior consent or favorable opinion with regard to some cases provided for by the Fund Regulations, such as for example in cases of investment thresholds breach, transactions involving conflicts of interest or co-investment.