Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 24 SOURCES

Palladio Holding

Also known as PFH, PFH Palladio Holding, Palladio Holding S.p.A., Palladio Finanziaria

Milan and Vicenza permanent-capital holding investing in Italian SMEs through majority or qualified minority stakes; created the Venice and VEI Capital funds and the VEI Green renewables platform.

HEADQUARTERS: Milan, Italy
FOUNDED: —
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 8 people

Focus

STAGES: GrowthBuyout
SECTORS: Industrial & Manufacturing Media & Entertainment Consumer & E-commerce Climate & Energy
ASSET MIX: Private equityDirect investments
GEOGRAPHY: Italy

Investment arms & vehicles

VEI Capital
Private equity fund established by PFH in 2010 with over €500M; PFH main investor alongside banking and insurance LPs
VEI Green / VEI Green II
Renewable energy investment platform (solar PV, wind, energy NPL/UTP) created by PFH in 2011; VEI Green II launched 2018 with partners and co-investors
Palladio Corporate Finance (PCF)
Advisory services, independent from the investment activity

Overview

Palladio Holding (PFH) is an independent holding company with permanent capital, with offices in Milan and Vicenza, that invests in private equity and renewable energy. It grew out of Palladio Leasing, founded by Roberto Meneguzzo with Veneto entrepreneurs and sold to Mediobanca in 1989; the proceeds started Palladio Finanziaria, today PFH, whose shareholders include entrepreneurs, professionals and Italian financial institutions. PFH raised the Venice vehicle (over €200M, 2006) and VEI Capital (over €500M, 2010, with banking and insurance limited partners), and in 2011 started the VEI Green renewables platform (VEI Green II launched 2018; the site gives an investment period of 2011–2022). Recent direct investments include Wisycom (2022), DPA Microphones and Nice Footwear (2023) and Eagleprojects (2024).

Investment thesis

SMEs with industrial growth plans, ideally with an international vocation and add-on potential; niche leaders or companies that can become aggregation platforms; majority or qualified minority stakes alongside entrepreneurs and managers, with flexible timing and structures.

PORTFOLIO (16)

EagleprojectsNOTABLE
Software & SaaS · since 2024
F.I.L.A. groupNOTABLE
Consumer & E-commerce · since 2013 · Exited
DPA Microphones
Media & Entertainment · since 2023
Nice Footwear
Consumer & E-commerce · since 2023
Wisycom
Media & Entertainment · since 2022
VEI Green
Climate & Energy · since 2011
RINA
since 2014
Eleventy
Consumer & E-commerce · since 2014
Snaitech
since 2011 · Exited
Cellularline
Consumer & E-commerce · since 2010 · Exited
Tesmec
Industrial & Manufacturing · since 2010 · Exited
Cofle
Industrial & Manufacturing · since 2010 · Exited
Ala
Industrial & Manufacturing · since 2010 · Exited
MarterNeri
since 2015 · Exited
Policlinico di Monza
since 2007 · Exited
Riello
Industrial & Manufacturing · since 2000 · Exited

People

Nicola Iorio
Managing Partner · source
Simone Giovannelli
Senior Partner · source
Nadia Buttignol
Partner · source
Massimiliano Mattietti
Partner · source
Otello Cavaliere
Partner · source
Jacopo Meneguzzo
Head of Strategy; Managing Partner Alternative Assets · source
Roberto Meneguzzo
Founding Partner & Vice Chairman · source
Marcello Sala
Chairman · source

Frequently asked questions

Palladio Holding is a private equity fund based in Milan, Italy.

Yes. Palladio Holding invests its own capital in private companies.

Palladio Holding invests at Growth and Buyout stages in Industrial & Manufacturing, Media & Entertainment, Consumer & E-commerce and Climate & Energy.

Key people at Palladio Holding include Nicola Iorio (Managing Partner), Simone Giovannelli (Senior Partner), Nadia Buttignol (Partner) and Massimiliano Mattietti (Partner).

Palladio Holding's investments include Eagleprojects, F.I.L.A. group, DPA Microphones, Nice Footwear, Wisycom, VEI Green, RINA and Eleventy, among others.

The most recent publicly reported investment by Palladio Holding is Eagleprojects (Follow-on (additional 9.5%, combined stake with managers 69.5%)), announced in Oct 2025.

Yes. Palladio Holding manages capital from outside investors.