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 for development and specific industrial skills. 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

2020 data, PLT Energia investee of both funds.

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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