Xenon AIFM
Private equityLuxembourg · 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.
Team · 1 people
from the firm's websiteLuca 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.
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