Strategy

Safeguarding and enhancing assets under management are achieved through the development of a diversified infrastructure portfolio and the consistent execution of an industrial growth strategy across portfolio holdings

The investment strategy focuses on the creation of a diversified portfolio of infrastructure that is essential for economic activities and the lives of citizens. The investment process is based on a rigorous selection of potential targets and subsequent active management of the holdings, grounded in industrial development strategies, both organic and external, with the aim of generating sustainable and long-term returns for investors. Sustainability is an integral part of F2i's strategy, which adopts high ESG standards in the evaluation and management of investments.

F2i creates value along two main operating lines, supported by strict financial discipline:

  • Buy and Consolidate: acquisition of small and medium-sized operators in highly fragmented sectors, with subsequent integration and rationalization to achieve economies of scale and greater operational efficiencies
  • Buy and Build: enhancement of the portfolio through the promotion of new projects and the prudent management of the risks associated with their construction and development, entrusted to investee companies

This model makes it possible to consolidate entire industrial sectors, improving their operational performance and creating leading operators in their respective sectors.

Over the years, F2i has enhanced its portfolio through successful divestment processes, generating significant excess returns. The buyers' profile is broad and diversified, including both industrial groups and leading international investors.

F2i's debt funds offer investors the opportunity to diversify into an asset class with little correlation with other financial instruments, stable and predictable cash flows, low risk and no j-curves

F2i’s Debt Investment Team comprises professionals with extensive experience acquired across leading domestic and international financial institutions.

IDF 1 (vintage 2022), the first pan-European infra debt fund managed by F2i, reached its target of €500m in 2024, establishing itself in that year as one of the largest infra debt funds in terms of size to have completed funding. Two years after the first closing, the fund has fully invested the capital raised in infrastructure debt investments in Europe and has financed 14 transactions in six sectors: telecommunication networks, energy for the transition, water network, utilities, sustainable mobility and social and healthcare infrastructure. The fund integrates ESG criteria into its investment decisions.