Floen

Floen is owned 50% by the Brazilian family-owned industrial holding Votorantim S.A. and 50% by the Canada Pension Plan Investment Board (CPP Investments). This structure means Floen invests directly off the balance sheets of its two sole shareholders, eliminating third-party fundraising cycles. Investment decisions are governed jointly, combining Votorantim’s deep operational experience in energy and infrastructure with CPP Investments’ long-horizon global mandate.

No. Floen is structured as an investment company rather than a conventional blind-pool GP/LP fund. It functions as an operating joint venture between Votorantim and CPP Investments, with a permanent capital base and no external investors to re-up. That architecture allows it to hold assets indefinitely and measure returns on an absolute basis rather than against a fund-life timetable.

Floen invests on a buyout basis, typically acquiring controlling stakes in operating companies. The firm looks for businesses with proven technologies and high-growth potential that can be scaled using the industrial and financial resources of its two sponsors. It does not operate as a venture capital firm, preferring established companies ready for operational transformation.

Auren Energia is a renewable energy generation and trading platform that was also formed as a joint venture between Votorantim and CPP Investments, making it a direct corporate sibling to Floen. While Auren focuses primarily on renewable power generation and commercialization, Floen targets a broader range of energy-transition opportunities including new fuels, mobility, clean tech, and carbon management.

CEO Raphaella Gomes leads the investment team at Floen. She joined from Raízen, one of Brazil’s largest energy companies. Investment governance ultimately runs through a board-level process that aligns the interests of both shareholders, Votorantim and CPP Investments, represented at the senior level by João Schmidt and Ricardo Szlejf respectively.

Floen itself does not run philanthropic programs, but its shareholder Votorantim S.A. maintains the separately governed Instituto Votorantim. The institute is a corporate foundation focused on education and social development in Brazilian communities and operates independently from the investment activities of Floen.

Floen is headquartered in São Paulo and invests in energy-transition companies in Brazil. Its shareholders also point to investment activity abroad, and the firm’s public statements reference acting in Brazil and internationally, but the near-term pipeline appears concentrated on the domestic market where Votorantim’s operating footprint and CPP Investments’ regional infrastructure presence are strongest.