Other

KPN

Dutch multinational telecom and IT provider.
Business and organisational models that are sustainable

Brick

Buy-and-build in the German technical-building-services sector focused on energy renovation.
Food & water that are healthy, sustainable and affordable

Healtion

Italy’s largest developer and distributor of high-quality, healthy, organic, and free-from food products.
Private Equities - Directs

SOS Relazioni

Italian digital provider of relational development and personal growth programs.
Private Equities - Funds

Capital Dynamics CEE

Value-Add renewable infrastructure strategy by Capital Dynamics.
Impact

Copenhagen Infrastructure Partners

Fifth fund of the flagship value-add renewable infrastructure strategy by Copenhagen Infrastructure Partners.
Consumption and Production that is circular

Norsk Gjenvinning

Norway’s largest provider of waste management and environmental services.
Historical Assets

Hugo Boss AG

Fashion apparel brand.
Historical Assets

Forint

Professional clothing manufactoring company.
Listed equities

Schneider Electric SA

Electrical power products and solutions.
Listed equities

Intuitive Surgical Inc

Surgical systems and tools.
Sustainable

Air Liquide SA

Global industrial and healthcare gas provider.
Bonds

Iberdrola International

Global energy company.
Bonds

Enel SpA

Multinational power company.
Traditional

STYLE CAPITAL

Italian-based fund focusing on global companies in the Fashion & Lifestyle industry.
Private Equities - Funds

Trill Impact I

Swedish Impact investment fund focusing on small-mid buyouts.
Energy that is responsible and clean

QUINBROOK NET ZERO POWER FUND

US-based Infrastructure Fund focused on solar power generation and distribution facilities.
Education that grows responsible humans

ACHIEVE EDUCATION TECHNOLOGY I

First fund by US-based fund Achieve Partners, specialised in education with a small/mid-buyout strategy.
Multi-Theme

APOLLO IMPACT MISSION I

First Impact fund by the leading US-based PE player Apollo.
Responsible

PRAESIDIUM US MID-MARKET I

First Vintage by Praesidium, Italy-based fund of funds focusing on US mid-market funds.
Food & water that are healthy, sustainable and affordable

HERITAGE GROCERS GROUP

US-based retailer of ethnic food.
Impact

A WILDERNESS WAY

UK-based provider of children's therapeutic and residential care.
Sustainable

WHITE LAB

Italy-based testing, inspection, and certification firm.
Business and organisational models that are sustainable

E80

European leader in automated logistics solutions.
Private Equities - Directs

HIPPOCRATES

Northern-Italy based pharmacy group.
Education that grows responsible humans

MASTERY PREP

US-based provider of education services.
Healthcare that is preventive and healing

OVER GROUP

An elderly care company.

Portfolio Overview

49%
Listed equities
Some examples
25%
Private Equities - Directs
Some examples
16%
Private Equities - Funds
Some examples
6%
Bonds
Some examples
3%
Real Estate
Some examples
22%
Impact
Some examples
53,7%
Sustainable
Some examples
23,2%
Responsible
Some examples
1,1%
Traditional
Some examples
8,6%
Business and organisational models that are sustainable
Some examples
3,6%
Consumption and Production that is circular
Some examples
5,2%
Education that grows responsible humans
Some examples
16,9%
Energy that is responsible and clean
Some examples
6,2%
Food & water that are healthy, sustainable and affordable
Some examples
18,1%
Healthcare that is preventive and healing
Some examples
0,8%
Land & Ocean Regeneration
Some examples
5,5%
Multi-Theme
Some examples
9,8%
Historical Assets
Some examples
25,4%
Other
Some examples

Investment Portfolio Overview

49%

Listed equities

We invest in large-cap companies committed to sustainability.
Some examples

25%

Private Equities - Directs

We co-invest in small to mid-sized private buyouts with clear impact or sustainability outcomes.
Some examples

16%

Private Equities - Funds

We invest in funds with clear sustainability or impact outcomes.
Some examples

6%

Bonds

We invest in green or transition bonds.
Some examples

3%

Real Estate

In the past, we invested in real estate to enhance environmental and energy efficiency.
Some examples

Hover over each section of the chart to see its name and percentage

Hover over each section of the chart to see its name and percentage

22%

Impact

Contributes to solutions, actively seeking measurable positive social or environmental outcomes alongside financial returns.
Some examples

53,7%

Sustainable

Benefit stakeholders, integrating environmental, social, and governance (ESG) factors to enhance long-term value.
Some examples

23,2%

Responsible

Avoids harm by screening out harmful practices or industries (e.g., tobacco, weapons).
Some examples

1,1%

Traditional

Focused solely on financial returns, with no consideration for social or environmental impact.
Residue of the previous investment strategy, before the shift towards Impact.
Some examples

Hover over each section of the chart to see its name and percentage

8,6%

Business and organisational models that are sustainable

Promote businesses with organisational models that can create long-term environmental and social impacts. 
Some examples

3,6%

Consumption and Production that is circular

Promote consumption and production models that minimise waste and maximise resource reuse, recycling, and sustainability. 
Some examples

5,2%

Education that grows responsible humans

Ensure inclusive and equitable quality education to grow responsible humans. 
Some examples

16,9%

Energy that is responsible and clean

Promote production and access to affordable, sustainable and clean energy for all. 
Some examples

6,2%

Food & water that are healthy, sustainable and affordable

Ensure affordable access to clean drinking water, achieve food security, and guarantee sustainable and healthy nutrition. 
Some examples

18,1%

Healthcare that is preventive and healing

Ensure healthy lifestyles, preventive measures and modern, efficient healthcare for everyone.
Some examples

0,8%

Land & Ocean Regeneration

Safeguard, restore, and enhance the biodiversity of terrestrial and aquatic ecosystems and their habitats. 
Some examples

5,5%

Multi-Theme

Assets that address multiple thematic outcomes. 
Some examples

9,8%

Historical Assets

Assets which entered PFC portfolio before our shift towards Impact in 2019.
Some examples

25,4%

Other

Other thematic outcomes beyond our main impact strategy. 
Some examples

And what about Philanthropy?

At PFC, we see philanthropy and investments as complementary approaches to creating powerful, lasting impact.
Discover our Philanthropy

Legend

All the exits realized in the past years.

Investments made before 2019, when PFC shifted its investment strategy towards impact.

Grants in line with our main impact strategy, making up to 90% of our annual philanthropy budget.

Grants for topics beyond our main impact strategy, making up to 10% of our annual philanthropy budget.

Asset Classes
Thematic Outcomes
Spectrum of Capital
Exits
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Pilot fund to support young climate activists.

Purpose: support young climate activists to amplify their messages and reach wider audiences.

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Cybersecurity firm protecting critical infrastructure from cyber threats.

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Fifth fund of the flagship value-add renewable infrastructure strategy by Copenhagen Infrastructure Partners.

Purpose: By investing in large-scale renewable greenfield energy infrastructure assets, CIP's funds directly contribute to increasing the stock of renewable. Vintage: 2023.

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Non-profit organisation that opposes abuses by multinational corporations.

Purpose: to protect public health, human rights, the environment, and democracy from the threat posed by the private interests of large corporations.

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European initiative supporting independent local journalism through collaborative investigations, training and shared resources.

CORRECTIV.Europe aims to strengthen the resilience and sustainability of local journalism across Europe. By providing shared investigative resources, training and community engagement tools, it helps local newsrooms build stronger relationships with their audiences, develop sustainable revenue models and support independent journalism over the long term.

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Global non-profit network accelerating investment in climate and sustainability solutions.

CREO Syndicate works to mobilise private capital towards climate solutions by connecting investors, sharing knowledge and facilitating investment opportunities. Through its research platform and dedicated working groups, it helps overcome barriers to climate finance, with a particular focus on nature-based solutions and biodiversity protection.

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Leading global life sciences and diagnostics innovator.

Purpose: improving healthy living and well-being around the world, by specializing in new products and technologies.

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Clinical-healthcare software company.

Purpose: Help hospitals improve efficiency in operations with the intent to increase available capacity and treat more patients.

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Italian leading manufacturer in the Vascular Access Devices segment.

Purpose: Consolidation operation in the Vascular Access Devices sector to create a key player in Italy and Europe with a sustainable production process.

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Italian company active in the machine tools, packaging, paper, and ceramics sectors.

Dierre designs, manufactures, and markets technologically advanced and aesthetically impactful protections and components for industrial automation in various sectors, from Food to Ceramics, Automotive to Pharmaceuticals, Nautical to Electronics.

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The biggest Italian real estate consulting firm.

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Leading Italian pharmaceutical CDMO.

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European leader in automated logistics solutions.

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Electricity and gas services.

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A leading global consulting, construction engineering and operating firm.

Purpose: Egis works side by side with clients to build a more balanced, sustainable and resilient world.

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Education services group focused on teacher recruitment and behavioural management training.

ELG generates social impact by improving inclusion for students with Special Educational Needs and Disabilities (SEND), enhancing teaching quality and supporting schools in addressing the structural shortage of teachers, contributing to a more equitable and inclusive education system.

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Multinational power company.

Enel SpA manages renewable energy sources such as wind, solar, geothermal, and hydropower plants.

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A leading French multinational in renewable energy, natural gas, and energy services.

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Integrated Italian HR services platform.

Etjca offers staffing, training, and active labour market solutions through a complementary “one-stop-shop” model, while providing access to public initiatives that support disadvantaged workers, thereby positively impacting underserved labour segments — particularly in manufacturing.

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European private equity fund supporting the circular economy and the preservation of natural resources.

The Fund draws on the scientific Planetary Boundaries framework, which identifies critical environmental thresholds for maintaining the stability of Earth's ecosystems. Eurazeo supports companies developing solutions for a regenerative and circular economy, climate change mitigation and adaptation, and ecosystem preservation. Its investment themes include material reuse and recycling, resource efficiency, sustainable agriculture, and technologies designed to reduce chemical use and protect water resources.

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Everest logo

Italian group specialising in photovoltaic, electrical and HVAC systems.

Everest supports the energy transition by helping businesses adopt renewable energy and improve the efficiency of their buildings and facilities. Its photovoltaic installations enable on-site renewable electricity generation and self-consumption, while its electrical and HVAC solutions contribute to reducing energy consumption and associated emissions. By bringing together specialised operators, the Group aims to accelerate the deployment of these technologies across Italy.

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International initiative combining research and public engagement to address the societal impact of extreme wealth and economic inequality.

The Extreme Wealth Line initiative aims to establish a recognised benchmark for identifying when the concentration of wealth becomes harmful to society. Through academic research, public engagement and advocacy, it seeks to reshape the debate on extreme wealth and its consequences for inequality and democracy, providing evidence to inform public policy and encourage systemic change.

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Leading Spanish smart mobility and infrastructure management platform.

EYSA enhances sustainability and urban efficiency through smart mobility, parking, and infrastructure management solutions that reduce congestion, emissions, and operational costs.

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Private equity fund focused on healthcare, environmental transformation and digitalisation.

GENUI III supports the growth of companies operating in healthcare, environmental transformation and digitalization. Its investment strategy encompasses healthcare diagnostics and treatment solutions, technologies and services promoting resource efficiency, and digital tools supporting cybersecurity. The Fund combines capital with entrepreneurial expertise to develop its portfolio companies and strengthen their social and environmental contribution, assessing investments through sustainability indicators and company-specific impact objectives.