Green Arrow Capital

What Green Arrow Capital does

Green Arrow Capital S.p.A. Società Benefit is an independent Italian alternative-investment platform founded in 2012 and headquartered in Rome, with operational offices in Milan, Luxembourg (Green Arrow Capital AIFM SARL, CSSF-authorised) and Madrid. The group operates seven investment strategies — Private Equity, Energy & Digital Infrastructure, Private Credit (Direct Lending), Special Situations, NPL, Client Solutions and Real Estate — through 31 active funds with €8 billion of total capital raised and a footprint spanning 49 countries and 150+ investors. Strategy-level reach includes €1.6bn revenue generated through Private Equity, €4.5bn through Direct Lending, €2.4bn equity / €30bn nominal credits in NPL, 6,000 GWh of cumulative renewable production since 2012, and 255 electric buses / 120 charging points under operation.

The platform is the product of a sustained buy-and-build strategy: Quadrivio SGR was acquired in 2018 (now Green Arrow Capital SGR), Quercus in 2019 (Luxembourg renewable-infrastructure platform), Quaestio's NPL business unit in 2019, and DeA Capital Alternative Funds SGR in May 2026 — the largest transaction to date, which combined with prior capital increases from Intesa Sanpaolo (2020), ENPAM and ITAS Mutua (2024) underpins the €8bn AUM scale. Revenue is generated through management fees on committed/invested capital across fund vintages, carried interest linked (in some cases) to ESG-linked incentives, advisory and managed-account mandates (ICF III, DeA Endowment Funds I & II), and club-deal / co-investment origination such as the €150m Mi.To Real Estate fund and the May 2026 €1bn+ JV with Gruppo Lazzari for renewable-powered data centres across Italy.

Distribution is exclusively institutional: senior Managing Directors and the founder-led Top Management team cover pension funds, insurance groups, foundations and large family offices directly. ESG is embedded throughout the platform — UN PRI 5-star rating, UN Global Compact signatory (2021), B Corp / Società Benefit status, and a carbon-neutrality target by 2028 — supported by an integrated ESG Committee, ESG Manager and Champions structure. The technology stack combines proprietary investor platforms (Mi.To Real Estate real-time portal), a Servicer ESG questionnaire for NPL funds, and integrated renewable-asset management across 356 MW photovoltaic, 106 MW wind, 2 MW biogas, 4 MW hydroelectric and 15 MW storage capacity across Italy, Spain, the UK and Eastern Europe.

Name

Green Arrow Capital

Legal name

Green Arrow Capital S.p.A. Società Benefit

Website

https://greenarrow-capital.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Green Arrow Capital is an independent Italian alternative-investment platform managing €8bn AUM across 31 active funds in 7 strategies (Private Equity, Energy & Digital Infrastructure, Private Credit, Special Situations, NPL, Client Solutions, Real Estate), serving 150+ institutional investors across 49 countries from offices in Italy, Luxembourg and Spain.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Finance Services (6199), Asset-Backed Securities (6189)

akta.pro primary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

akta.pro secondary industries

Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA), Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM), Independent Venture Debt Funds / Platforms (FSANAIAB)

Keywords

• Alternative asset management
• Private equity funds
• Private credit lending
• Renewable infrastructure investments
• Non-performing loan servicing

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: Recurring management fees charged on €8 billion of AUM across 31 active funds organised into 7 strategies (Private Equity, Energy & Digital Infrastructure, Private Credit, Special Situations, NPL, Client Solutions, Real Estate). Underlying fee structure typical of European alternative asset managers — management fees on committed/invested capital.
2. Performance Fees / Carried Interest: Carried interest on fund returns across PE, Energy Infrastructure, Private Credit, Special Situations and Real Estate vehicles, tied to ESG-linked incentives (mentioned in press release 'Investimenti Sostenibili: come Green Arrow combatte il Green Washing' — incentives linked to carried interest).
3. Advisory and Client Solutions Mandates: Customised advisory mandates, fund-of-funds management (ICF III vintage 2014, Managed Accounts), consulting and delegated management services for institutional investors and endowments (e.g., DeA Endowment Fund I & II).
4. Co-investment and Club Deal Origination: Origination and structuring of club deals (Mi.To Real Estate) and co-investments with industrial partners (Crea.Re Advisory, Apeiron S.r.l.) generating transaction-based revenue alongside carried interest.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Green Arrow Capital is an independent Italian alternative investment platform that raises, structures, and manages private market funds across seven strategies (Private Equity, Energy & Digital Infrastructure, Private Credit, Special Situations, NPL, Client Solutions, and Real Estate), deploying capital into Italian SMEs, renewable energy and digital infrastructure assets, distressed credits, residential real estate, and microfinance vehicles on behalf of qualified institutional investors. The group operates regulated fund management entities in Italy (SGR) and Luxembourg (AIFM) and manages €8 billion in capital across 31 active funds for 150+ investors in 49 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Green Arrow Private Equity: Private equity buyout strategy investing in Italian SMEs.
• Green Arrow Asset Selection
• Green Arrow Infrastructure of the Future Fund (GAIF)
• Green Arrow Infrastructure for Mobility Fund
• Green Arrow Private Debt
• Microfinanza (Impact Investment)
• Mi.To Real Estate
• Fondo Atlante
• Italian Recovery Fund
• Core Stack

Quantifiable outcome

• €8 billion capital raised across 31 active funds in 7 strategies
• +7 more outcomes

Named customers8 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered flagship, core and minor.

• DeA Capital Alternative Funds SGRflagshipStrategic or Co-development Partner · 12 May 2026Closing on 12 May 2026 of Green Arrow Capital's acquisition of 100% of DeA Capital Alternative Funds SGR, completing the regulatory process started in August 2025 with the relevant Supervisory Authorities. Combined entity manages €8bn AUM and is positioned as the leading independent Italian alternative asset manager and reference SGR for Southern Europe.
• Gruppo Lazzari / Core StackflagshipStrategic or Co-development Partner · 1 May 2026Joint venture announced 26 May 2026 to invest over €1 billion in a network of renewable-powered data centers across Italy. Implemented through Core Stack (launched by Gruppo Lazzari in 2025), which has 11 projects underway with construction approvals expected in 2026. Each facility will include on-site renewable energy generation under a self-consumption model, responding to growing demand for cloud and AI computational capacity in Italy.
• Stern EnergycoreImplementation/ SI/ Consulting Partner · 27 January 2026Joint revamping intervention (January 2026) on a utility-scale photovoltaic plant in Partanna (Trapani, Sicily), combining Green Arrow Capital's asset ownership with Stern Energy's technical O&M and revamping services.
• Verdalia Bioenergy (Goldman Sachs Alternatives portfolio)coreStrategic or Co-development Partner · 11 December 2024Buyer in December 2024 of a portfolio of five greenfield biomethane plants in Northern Italy (Lombardy and Veneto) from funds managed by Green Arrow Capital and Lazzari & Lucchini. Combined capacity 170 GWh, supporting Verdalia's €1bn investment target by 2026.
• Crea.Re AdvisorycoreImplementation/ SI/ Consulting PartnerIndustrial partner of the Mi.To Real Estate Investment Fund (target €150M, vintage 2024, Art. 8 SFDR), focused on residential mid-size development along the Milan-Turin axis. The fund has completed 8 investments including trophy assets in Via Vivaio and Via Bazzini, Milan.
• Lazzari & LucchiniminorStrategic or Co-development PartnerCo-manager with Green Arrow Capital of the five Northern Italian biomethane plants divested to Verdalia Bioenergy in December 2024.
• Green Future ProjectcoreGTM or Marketing PartnerClimate Pioneer Partnership dedicated to reforestation and CO2 reduction; each tree planted by partner projects removes 308 kg of CO2 over its lifetime. Cumulative impact: 11,368 tCO2e absorbed or avoided (scientifically validated), 200,000 trees planted, 11.56 hectares of protected area.
• MarevivominorGTM or Marketing PartnerListed as one of Green Arrow Capital's sustainability/impact partnerships focused on marine environmental protection.
• Croce Rossa Italiana (Italian Red Cross)minorGTM or Marketing PartnerListed as one of Green Arrow Capital's sustainability/impact partnerships supporting social initiatives.
• So PowerfulminorGTM or Marketing PartnerListed as one of Green Arrow Capital's sustainability/impact partnerships.
• AIFI (Italian Private Equity, Venture Capital and Private Debt Association)coreOthersIndustry association membership; Eugenio de Blasio on Consiglio Direttivo from June 2026 (previously Consiglio Generale member). The association also received GAC's CEO on the Strategic Committee.
• United Nations PRI (Principles for Responsible Investment)flagshipOthersFormal signatory of UN PRI since 2019 with up to 5-star rating; framework adopted for ESG integration across all strategies.
• United Nations Global CompactflagshipOthersSignatory since 2021, supporting all 17 Sustainable Development Goals; commitment translated into Società Benefit status (2021) and carbon neutrality goal by 2028.

Scale indicators16 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• DeA Capital: Italian alternative asset manager whose Alternative Funds SGR was acquired by GAC in 2026. Historically the closest comparable in Italian mid-market PE, private credit and special situations strategies.
• Ardian: Paris-headquartered private investment house with significant Italian mid-market PE, private debt and infrastructure activity; a benchmark pan-European competitor for fundraising and deal flow.
• Eurizon Capital: Asset management arm of Intesa Sanpaolo (GAC's institutional shareholder). Andrea Beltratti, GAC credit committee member, is Chairman of Eurizon - making it a closely linked incumbent.
• Anima Holding: Italy's largest independent asset manager with significant retail and institutional distribution; comparable in Italian investor base though focused more on liquid asset classes.
• Antin Infrastructure Partners: Pan-European infrastructure manager with growing Italian renewable infrastructure activity; competing with GAC's €1bn Lazzari data-center JV for capital and deals.

Direct peers

• F2i Sgr: Italy's largest infrastructure fund manager, focused on transport, energy and digital infrastructure - directly overlapping with GAC's Energy & Digital Infrastructure strategy.
• Clessidra Capital Partners: Leading Italian mid-market private equity firm with comparable focus on Italian SMEs and mid-market buyouts; Stefano Russo (GAC board) previously sat on Clessidra's board.
• Wise Equity: Italian mid-market private equity manager; comparable in size and Italian mid-market focus. Giacomo Drago (GAC Investment Director) was previously at Wise Equity.
• Alto Partners: Italian mid-market PE firm with comparable Italian SME investment focus. Tommaso Molinaro (GAC Senior Director) was previously Investment Director at Alto Partners.
• Fondo Italiano d'Investimento: Italian private equity fund-of-funds and direct investor backed by CDP and major banks; comparable in Italian mid-market focus and platform strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/eugenio-de-blasio-a308a41
• Xx.com/GA_Capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A21 records

Investments22 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Green Arrow Capital