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 ECE

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

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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Global coalition of real economy leaders creating pressure on governments to stick with the climate commitments

Purpose: to encourage governments to enhance their upcoming national climate plans to align with the Paris Agreement’s goal of keeping global warming to 1.5°C. This is a crucial opportunity to ensure the long-term success of our economies, society, and the environment.

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First Impact Fund launched by Miura, Spain’s second-largest Private Equity Asset Manager

Purpose: Miura invests in three themes: promoting healthy living, fostering thriving communities, and protecting the planet through sustainable solutions. Vintage: 2023.

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International financial services company

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Norway’s largest provider of waste management and environmental services

Purpose: Support the agglomeration of local waste management firms in the Nordics.

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First Italian pure nutra-ceuticals CDMO

Purpose: Manufacture and develop innovative products in nutraceuticals, food supplements, medical devices, probiotics and cosmetics, enabling preventative health and wellness solutions.

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Organisation providing flexible funding to non-profits/social enterprises facing unexpected financial obstacles

Purpose: to make the financial system work better for organisations addressing social inequality and climate change around the world by addressing systemic funding gaps in the social sector. This grant is allocated to the Philanthropy Discretionary Bucket, which represents 10% of our annual philanthropy budget and covers topics beyond our main impact strategy.

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An elderly care company

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Fifth fund by Owl Ventures, US-based investment firm specialising in Education focusing on early and late-stage VC

Purpose: Owl mainly invests in low-GDP countries (e.g. India, Thailand) companies, that in many cases support underserved population segments to qualify for a modern working environment, even if it has still to develop a thorough ESG framework. Vintage: 2021.

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Nonpartisan network of British millionaires dedicated to ending extreme wealth

Purpose: to leverage the voice of wealth to build a more just, stable, and inclusive economy and to accelerate the end of extreme wealth.

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Italian-Swiss biotech and biopharma group

Philogen innovates to advance the treatment of cancer and other serious diseases, developing a strong pipeline of clinical-stage products.

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Italian university group focusing on artistic and musical education

Purpose: foster sustainable design studies within Italy's higher education segment.

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First Vintage by Praesidium, Italy-based fund of funds focusing on US mid-market funds

Vintage: 2017.

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A platform helping organisations to initiate and sustain transformational change

Purpose: to support institutions, private organizations, and cross-sector groups to strengthen their capacities for leading system transformation, and achieving greater impact in their work.

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Social enterprise based in Italy that promotes sustainable fashion

Purpose: to promote ethical manufacturing, circular economy principles, and social inclusion by reusing surplus textiles, with a focus on employing vulnerable individuals, especially women. This grant is allocated to the Philanthropy Discretionary Bucket, which represents 10% of our annual philanthropy budget and covers topics beyond our main impact strategy.

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Second Fund by Progressio, asset manager focused on Italian mid-market companies

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Trusted, science-based, and independent guide for effective climate action across the globe

Purpose: to provide a scientifically sound, accessible, and independent guide to help governments, businesses, communities, and individuals adopt concrete strategies to reduce emissions, enhance climate resilience, and promote social equity. The proposed solutions cover sectors such as energy, agriculture, transportation, waste management, and land use.

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Philanthropic fund supporting civic activism in Italy

Purpose: to strengthen civic activism in Italy by offering financial and operational support to activists, movements, and nonviolent organisations dedicated to addressing the root causes of societal challenges. This grant is allocated to the Philanthropy Discretionary Bucket, which represents 10% of our annual philanthropy budget and covers topics beyond our main impact strategy.

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Cable and infrastructure solutions

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US-based Infrastructure Fund focused on solar power generation and distribution facilities

Purpose: the focus of Quinbrook is decarbonization and transition to renewable energy sources production and distribution Vintage: 2022.

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Peace Academy for youth from conflict zones

Purpose: to unite young people from conflict areas in a neutral space where they can live, study, and transform enmity into dialogue and lasting peace. This grant is allocated to the Philanthropy Discretionary Bucket, which represents 10% of our annual philanthropy budget and covers topics beyond our main impact strategy.

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German multinational energy company

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Electrical power products and solutions

Schneider Electric SE plays a pivotal role in driving digital transformation across industries with its innovative electrical solutions and technologies.

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Foundation supporting organisations advancing gender equality and women's rights in Italy

Purpose: to mobilise resources that strengthen grassroots activism and promote systemic change towards a more just and inclusive society through funding, capacity building, and strategic partnerships. This grant is allocated to the Philanthropy Discretionary Bucket, which represents 10% of our annual philanthropy budget and covers topics beyond our main impact strategy.

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Engineering and manufacturing conglomerate