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XENON AIFM S.A.

XENON AIFM S.A. is a Seed, Series C+, buyout and other fund in IT writing $15M–$75M checks into manufacturing, b2b-services, high-tech-services, energy-transition, circular-economy and high-tech.

Stages
Seed, Series C+, buyout, other
Sectors
manufacturing, b2b-services, high-tech-services, energy-transition, circular-economy, high-tech
Check size
$15M–$75M
Invests in
IT
Round role
Leads rounds
Actively investing
Yes
Founded
2009
Assets under management
€1B

Thesis

XENON AIFM S.A. is an independent private equity firm based in Luxembourg with a significant presence in Milan, Italy, boasting over thirty years of experience. The firm specializes in investing in small and medium-sized Italian companies across various sectors, with a particular emphasis on specialized manufacturing and B2B services. XENON operates through three distinct strategies: the Flagship Fund (targeting industrial and B2B companies with capital investments up to €75 million), the Small Cap Fund (focusing on innovative B2B services and Knowledge Intensive Business Services with capital investments up to €15 million), and the FIDEC Fund (investing in companies with enabling technologies for energy transition and circular economy, aligning with Article 9 of SFDR, with capital investments up to €25 million). As of March 2026, XENON AIFM S.A. reported €1 billion in assets under management and manages six private capital funds historically. The firm is an authorized Alternative Investment Fund Manager (AIFM) by the CSSF. In March 2026, Equita Group Spa announced an agreement to integrate Xenon Private Equity into its group, expected to close in the second half of 2026.

Common questions

Does XENON AIFM S.A. invest at the Seed stage?

Yes. XENON AIFM S.A. lists Seed, Series C+, buyout and other among the stages it invests in.

What check size does XENON AIFM S.A. write?

XENON AIFM S.A. writes $15M–$75M checks.

Where does XENON AIFM S.A. invest?

XENON AIFM S.A. invests in IT.