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Green Arrow Capital
Green Arrow Capital launched in 2014 when de Blasio, a veteran of renewable-energy finance, formalized an investment operation that had been accumulating solar...
Green Arrow Capital
Green Arrow Capital launched in 2014 when de Blasio, a veteran of renewable-energy finance, formalized an investment operation that had been accumulating solar and wind assets since the early 2010s. The firm grew from a single energy-infrastructure mandate into a three-pillar platform following two strategic hires: an experienced credit team that built a direct-lending book to Italian SMEs, and a private-equity group targeting mid-market technology and healthcare companies across Southern Europe. This layered build-out created a structure unusual among independent Italian managers — three distinct fund families sharing a central risk, compliance, and investor-relations backbone. The energy strategy remains the firm's largest deployment engine. Green Arrow Energy Fund invests directly in operating solar photovoltaic plants, onshore wind farms, and battery storage projects, primarily in Italy and Spain, with construction-stage exposure through greenfield development partnerships. Confirmed portfolio holdings include a 200 MW Italian solar portfolio acquired in 2021 and a circa 100 MW Spanish wind cluster consolidated in 2022 (per Infrastructure Investor, 2022). The credit arm provides senior secured and unitranche facilities to Italian lower-mid-market companies, typically €5–20 million tickets, funding acquisitions, working capital, and capex programs. The private equity fund targets growth-equity positions in companies with €10–50 million revenue, focusing on digital transformation, healthcare services, and industrial technology, with board seats taken in every platform investment. As of late 2023, the firm reported aggregate commitments exceeding €3 billion across all vehicles, with a team of approximately 40 investment professionals operating primarily from Rome. In May 2023, Green Arrow closed its third energy fund above target at €950 million, attracting commitments from European pension funds and development finance institutions (per Infrastructure Investor, 2023). The firm maintains no overseas offices but sources deal flow across Italy, Spain, and Portugal through regional origination partners. Adjacent structures include dedicated co-investment vehicles for energy fund LPs seeking exposure alongside the flagship blind-pool funds. What separates Green Arrow from most Italian asset managers is the combination of a large, institutionally scaled energy-infrastructure platform with two smaller but operationally distinct credit and buyout engines — all held within a single independent firm rather than a bank-affiliated asset management division. This architecture allows the firm to allocate cross-pillar where origination overlaps, particularly in energy-transition-linked industrial companies that sit at the intersection of private equity and infrastructure. Succession governance remains centralized with de Blasio, who chairs all fund investment committees.
General information
Firm type
Bank / Wealth / Trust
Year founded
2014
AUM
Undisclosed
Location
Region
Europe
Country
Italy
City
Rome
Corporate office
Rome, Italy
Principals
Eugenio de Blasio
Chairman and CEO
Daniele Camponeschi
CIO
Sector focus
Frequently asked questions
Who runs investment decisions at Green Arrow Capital?
Chairman and CEO Eugenio de Blasio chairs all fund investment committees and sets strategic asset allocation. CIO Daniele Camponeschi leads day-to-day portfolio construction and oversees the investment teams across the three fund families. Each pillar — energy, credit, private equity — operates with a dedicated managing director reporting to Camponeschi, with de Blasio retaining final approval on deployments above €20 million.
How does Green Arrow Capital source energy infrastructure deals?
The energy fund originates through a combination of developer partnerships, bilateral negotiations with European utilities divesting operating renewables portfolios, and selective participation in competitive auctions. The firm maintains origination relationships in Italy and Spain through a network of local development partners who bring pre-consented greenfield projects to Green Arrow for construction financing and eventual acquisition upon commercial operation.
Does Green Arrow operate as a single fund or a multi-strategy platform?
Green Arrow Capital is structured as a multi-strategy platform with three independent fund families — Green Arrow Energy Fund (renewables infrastructure), Green Arrow Capital Credit (Italian SME direct lending), and Green Arrow Private Equity (Southern European growth equity). Each fund family has a dedicated investment team, limited partner base, and advisory board, with shared central functions for risk management and investor relations.
What investment stages does Green Arrow typically target in private equity?
The private equity fund targets growth-equity and expansion-stage investments in companies with €10–50 million in revenue. Typical transactions involve minority or majority stakes where Green Arrow takes a board seat and works with management on internationalization and operational improvement. The firm does not pursue venture-stage or distressed buyout opportunities.
Which sectors does Green Arrow Capital explicitly avoid?
The firm's mandate excludes fossil-fuel generation, extractive industries, defense manufacturing, and consumer-facing businesses with high regulatory exposure, such as gambling and tobacco. The energy fund operates exclusively in renewable and transition assets — solar, wind, and battery storage. The credit and private equity teams do not engage in project finance or real estate development lending.
How is Green Arrow Capital funded, and who are its limited partners?
Green Arrow raises capital from European institutional investors, including pension funds, insurance companies, and development finance institutions, alongside Italian family offices and high-net-worth individuals. The firm does not disclose a full LP roster, but its energy fund has attracted commitments from the European Investment Bank and other public DFIs (per Infrastructure Investor, 2023). The firm itself is independently owned by its founding partners.
What is Green Arrow Capital's known posture on co-investments alongside external GPs?
Green Arrow offers co-investment rights to its energy fund LPs on a deal-by-deal basis through dedicated co-investment vehicles, typically for larger infrastructure transactions that exceed the flagship fund's single-deal concentration limits. The firm does not typically co-invest alongside external GPs outside its own fund structures, preferring to maintain control of governance and exit timing.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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