Skip to content
Corporate VCPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 5 SOURCES

BNP Paribas BNL Equity Investments

Sub-holding wholly owned by the BNP Paribas group BNP Paribas (BNL)

Also known as BNP Paribas BNL Equity Investments S.p.A., BBEI, BNL Equity Investments

Milan sub-holding of the BNP Paribas group launched in February 2024; minority stakes of €1–15m in Italian SMEs with €10–200m revenue, long-term holding with no fixed exit timeline.

HEADQUARTERS
Milan, Italy
FOUNDED
2024
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
2 people

Focus

STAGES
Growth
SECTORS
—
ASSET MIX
Direct investmentsPrivate equity
GEOGRAPHY
Italy

Overview

BNP Paribas BNL Equity Investments (BBEI) is a sub-holding wholly owned by the BNP Paribas group, presented in Milan in February 2024 to take minority stakes in Italian medium-sized companies, with a stated goal of a portfolio of about €500m within three to four years. It invests €1–15m in established, profitable small and mid-caps with revenues of €10–200m, as a long-term non-intrusive shareholder alongside founding families and co-investors, with typical holding periods of 3–10 years. Disclosed investments include Femogas (January 2024) and hlpy (September 2026).

Investment thesis

Minority equity in high-potential Italian SMEs with established growth and profitability, supporting organic growth, strategic projects, international expansion and generational transitions; capital appreciation rather than income, no predefined exit timeline.

PORTFOLIO (2)

  • hlpy
    Mobility & Logistics · since 2026
  • Femogas
    Climate & Energy · since 2024

People

  • Lorenzo Langella
    CEO · source
  • Vittorio Ogliengo
    Chairman · source

Frequently asked questions

BNP Paribas BNL Equity Investments is a corporate venture arm based in Milan, Italy, founded in 2024.

Yes. BNP Paribas BNL Equity Investments invests its own capital in private companies.

BNP Paribas BNL Equity Investments invests at Growth stage.

BNP Paribas BNL Equity Investments's stated ticket size is €1M–€15M.

Key people at BNP Paribas BNL Equity Investments include Lorenzo Langella (CEO) and Vittorio Ogliengo (Chairman).

BNP Paribas BNL Equity Investments's investments include hlpy and Femogas.

The most recent publicly reported investment by BNP Paribas BNL Equity Investments is hlpy (Entry into the capital in hlpy’s €20M funding round), announced in Sep 2026.

No. BNP Paribas BNL Equity Investments invests its own capital and does not raise money from outside investors.