# Floen

Floen is an Asset Manager based in Sao Paulo, Brazil.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Sao Paulo, Brazil
- **Region:** Latin America
- **Address:** Sao Paulo, Brazil
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** floen.com.br
- **LinkedIn:** https://www.linkedin.com/company/wearefloen

## Regulatory record

- **Reports private funds:** No

## About

Floen is an investment company founded in 2023 in Sao Paulo, Brazil. It focuses on investments in companies that develop renewable energy generation and storage, low-carbon fuels and materials, mobility solutions, and carbon management technologies.

## Sectors

- Energy Transition & Renewables
- ClimateTech
- Mobility & Transportation

## People

- Raphaella Gomes — CEO

## Questions

### Who owns Floen, and how does that ownership shape its investment decisions?

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.

### Is Floen a traditional private equity fund?

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.

### How is Floen related to Auren Energia?

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.

### Who runs investment decisions at Floen?

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.

## Related profiles

- [Floating Point](https://altss.com/profile/floating-point)
- [F-LOG Ventures](https://altss.com/profile/f-log-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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