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ENPAP
ENPAP was established in 1996 as the national social-security institution for Italian psychologists. It collects contributions and pays statutory benefits...
ENPAP
ENPAP was established in 1996 as the national social-security institution for Italian psychologists. It collects contributions and pays statutory benefits while managing an investment portfolio to support long-term obligations. President Federico Conte and CIO Riccardo Rasi oversee operations from the Rome headquarters. The fund allocates across fixed-income securities, listed equities, real-estate funds and alternative assets. Confirmed holdings include a diversified bond portfolio, a diversified equity portfolio, limited-partner interests in F2i SGR infrastructure funds and BlackRock European middle-market private debt. Geographic exposure centers on Italy and broader Europe, with additional holdings in global public markets. Real-estate exposure comprises both direct ownership of the Via Andrea Cesalpino 1 headquarters and Via Cesare Beccaria 94/96 redevelopment site plus limited-partner stakes in Italian real-estate funds. ENPAP reports no disclosed headcount. It maintains membership in ADEPP, the association of Italian private pension funds, and is a signatory to the UN Principles for Responsible Investment. In January 2024 ENPAP participated as speaker at the Stati Generali della Previdenza dei Liberi Professionisti conference in Rome. ENPAP operates as a statutory public-law entity rather than a private family office or commercial asset manager. Its mandate is defined by Italian legislation governing professional pension funds, which separates benefit administration from investment management and requires periodic reporting to supervisory authorities.
General information
Firm type
Pension Fund
Year founded
1996
Location
Region
Europe
Country
Italy
City
Rome
Corporate office
Via Andrea Cesalpino 1, Rome, Italy
Principals
Federico Conte
President
Riccardo Rasi
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at ENPAP?
President Federico Conte and Chief Investment Officer Riccardo Rasi oversee the investment program.
Does ENPAP participate in fund commitments or only direct deals?
ENPAP acts primarily as a limited partner in external funds. It holds positions in infrastructure, private-equity and real-estate vehicles while also retaining direct ownership of two Rome office properties.
What asset classes does ENPAP allocate to?
The fund maintains exposure to government and corporate bonds, global public equities, Italian real-estate funds, infrastructure and private-equity fund-of-funds.
Where does ENPAP source its deal flow?
Commitments are made through established managers such as Schroders, F2i SGR and BlackRock. Direct real-estate acquisitions are executed internally.
Is ENPAP a signatory to responsible-investment frameworks?
Yes. ENPAP is a signatory to the UN Principles for Responsible Investment and a member of ADEPP, the Italian association of private pension funds.
How is ENPAP related to ADEPP?
ENPAP is a member of ADEPP, the association representing Italian private pension funds, and participates in its industry coordination activities.
What welfare programs does ENPAP operate alongside its investment activities?
ENPAP runs a statutory welfare program that provides maternity benefits, health assistance and professional-training grants to Italian psychologists.
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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