Team & Governance - FIEE SGR S.p.A.

Team

A team committed to long-term value creation

A team of dedicated professionals combining financial discipline and deep sector knowledge.

The team brings decades of experience in hedge funds, private equity, and energy markets — combining financial expertise with a deep understanding of the Energy Transition.

Andrea Marano

Managing Partner and Co-CEO

Raffaele Mellone

Managing Partner and Co-CEO

Andrea Longatti

Managing Partner and Co-CEO

Gianluca Caporaso

Partner

Federico Immordino

Partner

Mario Vitiello

Chief Financial & Operating Officer | Environmental Social Officer

Giorgia Abbruzzese

Investment Director

Jamil Ashour

Investment Director

Javier Infante

Investment Director

Giuseppe Zaccaro

Investment Director

Leonardo Crosti

investment associate

Antonella Fata

Head of Finance, Administration & Control

Alessandro Tuzi

Finance, ESG manager

Aurora Marrale

finance associate

Sabrina Magi

Office Manager

Governance

Board of Directors

Chairman	Giorgio Catallozzi
Co-Chief Executive Officers	Raffaele Mellone Andrea Marano Andrea Longatti *
Directors	Maurizio Cereda Roberto Tamburrini Mario Vitiello

* ESG Managing Director

Board of Statutory Auditors

President	Giuseppe Ascoli
Auditors	Silvia Lirici Guido Zavadini

Luca Moro

Chief Investment Officer

Luca Moro, has over 20 years of experience on the buy-side as a Portfolio Manager, mostly managing similar strategies.

Engineer by background, he started his career in JPMorgan Investment Banking and then moved to the buy-side in 2006, working for Halcyon Asset Management as a Senior Analyst, Eyck Capital as Co-Founder and Portfolio Manager, Numen Capital as Portfolio Manager and Ironshield Capital as Portfolio Manager.

He was a Senior Investment Manager at FIEE, on the Private Equity side for 3 years, focusing on Energy Transition, before the launch of SpesX.

Fulvio Conti

President

Chairman since 2020 and Partner since 2016, where he is involved in scouting, screening, assessing, and selecting investments.

He earned a degree in Business Economics at Università La Sapienza di Roma

He was a Board Member of RCS Mediagroup and Barclays, and Deputy Director of Confindustria. Held, among others, positions as Finance Director at Enel and Exxon Mobil Europa, and General Manager and Finance Director of Telecom and Ferrovie dello Stato.

He was Chief Executive Officer and General Manager at Enel from 2005 to 2014 and Chairman of Eurelectric from 2009 to 2013. Member of the Board of Directors of Aon, Unidad Editorial and Istituto Italiano di Tecnologia.

He was appointed Cavaliere del Lavoro of the Italian Republic and Officier de la Légion d’Honneur of the French Republic.

Andrea Marano

Managing Partner and Co-CEO

Founding and Managing Partner of the SGR since 2014, co-CEO since 2020, where, inter alia, he is in charge of scouting, screening, assessing and selecting investments.

He earned a degree in Business Economics at Università Bocconi and an MBA from Harvard Business School; he is a CFA® Charterholder. He was a manager at Capital Group, one of the largest asset management companies in the world, with over € 1 trillion in total assets. Previously, an executive at Enel Green Power, where he carried out investments in renewables for € 300 million. Formerly, Partner and Chief Executive Officer of Lucos Alternative Energies S.p.A., one of the first ESCos to have invested profitably in energy efficiency in Italy.

Raffaele Mellone

Managing Partner and Co-CEO

Founding and Managing Partner of the SGR since 2014, co-CEO since 2020, where, inter alia, he is in charge of scouting, screening, assessing and selecting investments.

He earned a degree in Business Economics at Università Bocconi and an MBA from Harvard Business School. Formerly, Chief Executive Officer of Merrill Lynch in the Energy Sector, where he was involved in M&A and lending transactions amounting to more than € 100 billion.

Previously, Founder and Chief Executive Officer of Lucos Alternative Energies, one of the first ESCos to have invested profitably in energy efficiency in Italy.

Andrea Longatti

Managing Partner and Co-CEO

Andrea Longatti is a Managing Partner and Co-CEO at FIEE, since 18 December 2024.

Andrea is responsible for scouting, screening, assessing and selecting investments, as well as its ESG-related activities.

On behalf of Lamse (one of FIEE's founding shareholders), he has been involved with FIEE since inception. Prior to FIEE, Andrea served as a Director of Lucos Alternative Energies S.p.A., one of the first ESCos to have invested profitably in energy efficiency in Italy.

He also served as a non-executive director at Nobis Assicurazioni, an Italian insurance company now part of the AXA Group. He received a MSc and BSc with honors in Economics and Management from Università di Torino.

Gianluca Caporaso

Partner

Member of the Investment Team, where he selects and executes investment opportunities in collaboration with the Key Managers.

He earned his MSc in Corporate Finance at Università Luiss Guido Carli in Rome. He was analyst in the Investment Banking Division of Mediobanca in the Energy team, mainly dealing with M&A projects. He was an M&A analyst at Eni, dealing with M&A and equity capital market transactions.

More recently, he has spent 6 years as an Investment Manager in PM&Partners, a private equity firm focused on Italian mid-cap companies. In such a capacity, he served as a member of the board of directors of one of the fund’s portfolio companies.

Federico Immordino

Partner

Member of the Investment Team, where he selects and executes investment opportunities in collaboration with the Key Managers.

He earned a degree in Business Economics at Università La Sapienza in Rome.He was Senior Auditor at PricewaterhouseCoopers, where he performed accounting audits of listed and unlisted companies. Formerly, Senior Controller of ENGIE Italia, where he was responsible for systems producing electricity from wind power for a total of 636 MW, with an annual turnover of Euro 145 million.

Previously worked in the Structured Finance Department of ERG S.p.A., where he participated in negotiating loans for around € 1 billion.

Anton Kyriakides

Senior Investment Manager

Anton is a Senior Investment Manager at SpesX, joining in 2023.

Prior to that, Anton was a Senior Research Analyst at Numen Capital (2019-2023). Previously, he was an Investment Analyst at Legatum (2017-2019) and at Eyck Capital (2011-2017). These research roles focused on cross capital-structure special situations, as well as stressed and distressed credit.

Anton and Luca Moro have directly worked together for more than 7 years at Eyck Capital and Numen.Anton is a CFA charterholder. He earned a BSc Hons in Economics and Statistics from UCL (2012)

Eligio Fabio Zerella

Chief Operating Officer

Chief Operating Officer since July 2024, he is in charge of operations, middle-back office, data analysis and reporting activities, as well as risk management support for the Open Funds managed by the SGR.

He holds a Master Degree in Economics of Markets and Financial Intermediaries from the University of Rome – Tor Vergata.He has over 14 years of experience in the Settlement Area at Generali Investments SGR, mastering all Operations processes and becoming a point of reference for the Generali Group’s strategic investments.

He further enhanced his knowledge in Operations by obtaining the ADVANCED GLOBAL SECURITIES OPERATIONS certification, issued by the Chartered Institute For Securities & Investment.Finally, he obtained the certification of CRYPTOCURRENCY EXPERT, issued by the Blockchain Council institute.

Mario Vitiello

Chief Financial & Operating Officer | Environmental Social Officer

Chief Financial & Operating Officer and Environmental Social Officer since July 2020, inter alia, he is in charge of the administration, finance, and planning & control of the SGR and its funds, in addition to managing the corporate secretary, relationship with supervisory bodies, outsourcers, personnel and IT coordination.

As ESO he oversees the implementation of Fiee ESG Policy, ensuring the proper functioning of its Environmental Social Management System.

Master Sc. Degree in Engineering at Politecnico di Milano and a Master in Finance at London Business School, also specializing in Corporate Finance at SDA Bocconi. Formerly, he was CFO in BNP Paribas REIM SGR for five years (also, ad interim appointed Head of Valuation and Risk Correspondent), dealing with over 30 funds for over € 5 billion AUM and € 2 billion Debt.

Previously, he was Head of Fund Management at Prisma SGR for over 2 years, Finance Manager in Sinergia Holding for 4 years and Fund Manager in Sai Investimenti SGR for 3 years, where he was also in charge of the investments in alternative funds within the Finance HQ of Fondiaria Sai insurance group. During these stints, he executed over 100 transactions – investment, financing, and restructuring – for over € 8 billion value. Prior to that, he was Manager at Telecom Italia in the Corporate Planning & Control department for 2 years, Senior Analyst in a boutique merchant bank for 3 years and Researcher at CEFRIEL of Politecnico di Milano for 4 years.

Giorgia Abbruzzese

Investment Director

Member of the Investment Team, where she selects and executes investment opportunities in collaboration with the Key Managers.

She earned a Master Degree with honors in Administration, Corporate Finance and Control at Università Bocconi in Milan. During her studies she participated in an exchange program at University of Western Australia and attended a Options, Futures and other Financial Derivatives class at the London School of Economics and Political Science.

After a brief experience at the Debt Advisory & Restructuring department at Rothschild, she worked at Banca Imi as member of the Project & Acquisition Finance team, specializing in the Energy & Utility sectors and in debt restructuring operations.

Afterwards she worked in the Strategic Equity Investments and Group Planning & Control teams at Cassa Depositi e Prestiti, where, inter alia, she dealt with investment funds’ restructuring, extraordinary transactions, and monitoring of a portfolio of several funds.

Alessandro Tuzi

Finance, ESG manager

Finance & ESG Manager of the Fund Administration area, he reports directly to the Chief Financial & Operating Officer, also in relation to the monitoring of the ESG results of the Funds’ investments.

He holds a Master’s Degree in Economics and Management from the University of Rome ‘Tor Vergata’.Previously, he worked at Gardant Investor SGR in the Operations area reporting directly to the COO. In Gardant Investor SGR, he was in charge of the administrative and middle office activities of the SGR and the Funds.

Before that, he worked for more than five years at PwC as an auditor, obtaining the title of senior associate – financial services. At PwC, he was mainly involved in the audit of financial intermediaries, with a particular focus on banking and asset management companies. At PwC, he developed a significant expertise in asset management companies, as well as in the applicable Bank of Italy and regulatory regulations.

Javier Infante

Investment Director

Member of the Investment Team, where he selects and executes investment opportunities in collaboration with key managers.

He earned an MSc in Energy Systems at Cranfield University (UK) and an MSc in Electrical Engineering at the Universidad Politécnica de Madrid (Spain).He spent 11 years at The Boston Consulting Group, where he became a Partner in the energy and industry practices, working closely with private equity firms on origination strategy, deal execution, and post-acquisition full potential plan transformations.

More recently, he spent 3 years as Head of M&A and New Business at Ignis, focusing on analyzing potential deals in the energy transition sector and evaluating international expansion opportunities.

Jamil Ashour

Investment Director

Member of the Investment Team, where he selects and executes investment opportunities in collaboration with the Key Managers.

He received the MSc in Electronic Engineering – Digital Microelectronics at University of Rome La Sapienza and attended a class in Analysis and Management of Financial Risk at the London School of Economics and Political Science (LSE).

He worked in the Corporate Finance division of EY, dealing mainly with M&A and Investor Relations projects.

Giuseppe Zaccaro

Investment Director

Member of the Investment Team, where he selects and executes investment opportunities in collaboration with the Key Managers.

He earned a Master Degree in Administration, Corporate Finance and Control at Università Bocconi in Milan. He worked as a Senior Analyst in the Corporate Finance Department of EY in Milan, mainly dealing with Valuations & Modelling.

He was Senior Analyst for Enel Green Power, working in the Valuation Team, where he monitored wind and solar assets, analysing more than 4 GW in investments; furthermore, he was the team representative for the valuation of Innovation projects, supporting the approval of the first PV combined with storage project.

Antonella Fata

Head of Finance, Administration & Control

Associate Administration SGR and Funds, reports directly to the Chief Financial & Operating Officer, dealing with the administrative and middle office activities of the SGR and closed-end Funds.

She holds a Master Degree in Business Administration from the University of Calabria.

Formerly she worked 5 years in EY with the role of Senior Auditor mainly for companies belonging to the financial sector among which the SGR companies operative both in the estate and asset market, companies belonging to the bank sector and equity capital holdings.

Aurora Marrale

finance associate

Aurora is a Finance Associate who supports the Head of Finance, Administration & Control in the administrative and middle office activities of the Firm and its closed-ended funds.

Prior to joining FIEE in 2024, Aurora worked in the Accounting department of Mesauda Group and Studio Pontesilli. She received a Diploma in Accounting.

Leonardo Crosti

investment associate

Leonardo Crosti is an Investment Associate at FIEE. Prior to joining the firm in 2025.

He worked at Deloitte Financial Advisory in the Energy & Infrastructure team, where he supported M&A transactions across the renewable energy, utilities, and infrastructure sectors, on both sell-side and buy-side mandates.

Leonardo holds a Master’s degree in Finance from IE Business School in Madrid and a Bachelor’s degree in Economics and Management from Università Cattolica del Sacro Cuore in Milan

Sabrina Magi

Office Manager

Sabrina is the Company’s Office Manager. She organises corporate events, meetings and business trips, and provides general support to the Company’s CEOs.

She is in charge of facility management and office equipment supply, and ensures compliance with workplace safety regulations in her role as designated Safety Representative (RLS).

She holds a degree in Translation from the University of Forlì/Bologna and furthered her studies at the University of Heidelberg. Her career took her abroad for 13 years in Brussels and 6 years in Munich. After returning to Italy, she earned a Master’s degree in Event Management and joined FIEE in 2023.

Team

A team committed to long-term value creation

Andrea Marano

Raffaele Mellone

Andrea Longatti

Gianluca Caporaso

Federico Immordino

Mario Vitiello

Giorgia Abbruzzese

Jamil Ashour

Javier Infante

Giuseppe Zaccaro

Leonardo Crosti

Antonella Fata

Alessandro Tuzi

Aurora Marrale

Sabrina Magi

Governance

Board of Directors

Board of Statutory Auditors

Funds

Investments

The firm