F2i SGR
Also known as F2i SGR S.p.A., F2I SGR S.P.A., F2i, F2i – Fondi Italiani per le Infrastrutture, F2i Fondi italiani per le infrastrutture
Independent Milan infrastructure fund manager (2007); equity funds in airports, energy transition, digital networks, logistics and healthcare, plus infra debt funds; €11bn raised.
- HEADQUARTERS
- Milan, Italy
- FOUNDED
- 2007
- AUM
- €8.3B (2024)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 9 people
Focus
- STAGES
- Buyout
- ASSET MIX
- Private equityPrivate credit
- GEOGRAPHY
- ItalySpain
Overview
F2i SGR is an independent Italian infrastructure asset manager founded in 2007, owned by 19 shareholders including banking foundations, banks, public institutions, pension funds, a sovereign wealth fund and asset managers. Its funds, reserved for institutional investors and family offices, have raised €11 billion since inception and take controlling or significant stakes in Italian infrastructure operators in energy for transition, digital infrastructure, transport and logistics, circular economy, social and healthcare infrastructure and distribution networks, following buy-and-consolidate and buy-and-build strategies. Holdings include airports such as SEA (Milan), Naples, Turin and Olbia, Sorgenia, IGS, EI Towers and a stake in FiberCop. Since 2022 it has also run infrastructure debt funds, and AUM reached €8.3 billion in 2024.
Investment thesis
Diversified portfolio of infrastructure essential to the economy, actively managed with industrial strategies: buy-and-consolidate of small and mid-sized operators in fragmented sectors and buy-and-build of new projects through portfolio companies; infrastructure debt in Italy and Europe through separate debt funds.
PORTFOLIO (26)
- SEANOTABLEMobility & Logistics · since 2011
- SorgeniaNOTABLEClimate & Energy · since 2020
- FiberCopNOTABLEsince 2024
- 2i Rete GasNOTABLEExited
- EI Towerssince 2018
- IGSClimate & Energy · since 2021
- FHP GroupMobility & Logistics
- GesacMobility & Logistics · since 2010
- SagatMobility & Logistics · since 2012
- GeasarMobility & Logistics · since 2021
- SOGEAALMobility & Logistics
- Aeroporto Friuli Venezia GiuliaMobility & Logistics
- Persidera
- InfracisMobility & Logistics
- Compagnia Ferroviaria ItalianaMobility & Logistics · since 2020
- HISIHealthTech · since 2023
- F2i MedtechHealthTech · since 2022
- ReLifeClimate & Energy · since 2021
- F2i LevanteMobility & Logistics · since 2026
- Iren AcquaExited
- Aeroporto di BolognaMobility & Logistics · Exited
- MetrowebExited
- KosHealthTech · Exited
- Farmacie ItalianeHealthTech · Exited
- IRIDEOSExited
- SIAFintech · Exited
People
- Renato RavanelliCEO · source
- Matteo MelleyChairman · source
- Mauro MiglioCo-Chief Investment Officer (Equity) · source
- Corrado SantiniCo-Chief Investment Officer (Equity) · source
- Gianluca GustaniChief Investment Officer Debt · source
- Fabio AlbanoSenior Partner · source
- Laura PascottoSenior Partner · source
- Alberto PontiHead of Capital Formation and ESG · source
- Alessandra MoianaCFO · source
Links
Frequently asked questions
F2i SGR is a private equity fund based in Milan, Italy, founded in 2007.
Yes. F2i SGR invests its own capital in private companies.
F2i SGR invests at Buyout stage in Climate & Energy, Mobility & Logistics, Industrial & Manufacturing and HealthTech.
Key people at F2i SGR include Renato Ravanelli (CEO), Matteo Melley (Chairman), Mauro Miglio (Co-Chief Investment Officer (Equity)) and Corrado Santini (Co-Chief Investment Officer (Equity)).
F2i SGR's investments include SEA, Sorgenia, FiberCop, 2i Rete Gas, EI Towers, IGS, FHP Group and Gesac, among others.
The most recent publicly reported investment by F2i SGR is Marina di Lavagna (F2i Levante) (50-year concession signed; F2i Levante starts managing the tourist port), announced in Apr 2026.
Yes. F2i SGR manages capital from outside investors.