Fund I
Fund I is the first closed-end alternative investment fund promoted and managed by FIEE SGR.
Fund 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, Fund I closed its investment period ahead of schedule, ultimately investing in five portfolio companies.
In December 2022, the investee PLT Energia was fully sold to Eni Plenitude at a total price of € 900 million.
Also in December 2022, Selettra S.p.A. finalised the sale of 100% of Selettra Pubblica Illuminazione S.r.l. to PATRIZIA Infrastructure Ltd. Selettra Pubblica Illuminazione was the Public Lighting division of Selettra S.p.A. and was sold at an Enterprise Value of EUR 92 million.
In May 2023, Fund I completed the sale of the stake to PATRIZIA Infrastructure Ltd. In September 2023, Fund I completed 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.
In June 2025, Fund I finalised the sale of Plangreen 2e S.r.l. to Vivi Energia S.p.A.
Investors
FIEE Fund I is supported by top-tier institutional investors both Italian and International. Our LP base includes leading banks, foundations, insurance groups, and family offices, all of which play a central role in the country’s long-term capital ecosystem.
The European Investment Bank serves as the anchor investor and represents the largest contributor to the fund, reinforcing FIEE’s commitment to driving Italy’s energy transition and supporting high-impact infrastructure initiatives.
Fund I
A Solid Track Record in Energy Efficiency Investments
Fund I is well established as a leading investor and partner in the energy efficiency market in Italy by providing venture capital for development and specific industrial expertise.
Through its two existing investments, Fund I is currently the first Italian private operator in public lighting and among the top three in residential energy services.
5
Investments
562
Employees
551
mln €
Turnover
205
mln €
EBITDA
Our Investments
Explore the portfolio of Fund I and discover the companies driving the Energy Transition
