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

360+

Employees

€ 294 mln

Revenue

€ 112 mln

EBITDA

464.064 MWh

Generation from renewable sources

254.883 tCO2

CO2 emissions avoided

341.258 MWh

Energy saved

Data as of 31.12.2021 , PLT Energia investee of both funds.
Cremonesi S.r.l. incorporated by Comat Servizi Energetici S.p.A. since 01.01.2022.

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.

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