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Xenon AIFM

Private equity

Luxembourg · Growth–Late Stage · 1 people tracked

Also known as XENON AIFM S.A.

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Investment thesis

Xenon invests in Italian small and mid-cap companies to create lasting value through a build-up (growth-by-acquisition) approach. It works alongside entrepreneurs and managers facing generational transitions, structural transformations, strategic shifts, or extraordinary growth phases. The firm operates three strategies: a Flagship Fund taking majority stakes in industrial or B2B service companies in manufacturing, infrastructure or high-tech services (capital investments up to EUR 75M); a Small Cap Fund for innovative B2B knowledge-intensive business services (up to EUR 15M); and the Fidec Fund for companies with enabling technologies for the energy transition and circular economy under SFDR Article 9 (up to EUR 25M).

Source: firm website, verified Oct 13, 2026.

Stage
Growth–Late Stage
Check
$82M
HQ
Luxembourg, LU
Leads rounds
Leads
Instruments
Equity
Private fund assets
$737.7M

Team · 1 people

from the firm's website
Luca Civita· Partnerin

Luca Civita is a Partner at Xenon AIFM since 2019, overseeing investment management and portfolio company operations. He holds an MBA from INSEAD and a master's degree in Business Economics from ESCP Business School. Prior to joining Xenon, he served as Senior M&A Manager at Enel X, leading sourcing and acquisition activities in energy transition, electric mobility, and smart cities, and previously spent five years as a consultant at Booz & Company across multiple offices.

Frequently asked questions

What stage does Xenon AIFM invest at?
Xenon AIFM invests at the Growth, Late Stage stages.
What is Xenon AIFM's typical check size?
Xenon AIFM typically writes checks of $82M.
What sectors does Xenon AIFM focus on?
Xenon AIFM focuses on Advanced Manufacturing, AI & Machine Learning, Circular Economy, Cleantech, Cybersecurity, Energy, Enterprise Software.
Where is Xenon AIFM located?
Xenon AIFM is headquartered in Luxembourg, LU.
Does Xenon AIFM lead rounds?
Yes, Xenon AIFM leads investment rounds.

Images

Xenon AIFM photoXenon AIFM photo

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