# ENPAV

ENPAV is a Public Pension Fund based in Rome, Italy.

## Overview

- **Organization type:** Public Pension Fund
- **Headquarters:** Rome, Italy
- **Region:** Europe
- **Address:** Via Castelfidardo, 41, Rome, Italy
- **Founded:** 1958
- **Assets under management:** 1.37B (Altss estimate)
- **Website:** www.enpav.it
- **LinkedIn:** https://linkedin.com/company/enpav-ente-nazionale-di-previdenza-e-assistenza-veterinari/

## Regulatory record

- **Reports private funds:** No

## About

ENPAV was established in 1958 to administer mandatory pension coverage for veterinarian surgeons across Italy. Oscar Enrico Gandola serves as current president. The fund's statutory role centers on retirement and welfare payments funded by professional contributions. The pension fund holds a diversified book that includes commercial and residential real estate in Rome plus a residential complex in Berlin. It maintains positions in Italian infrastructure through F2i Terzo Fondo Italiano per le Infrastrutture and in private equity via Fondo QuattroR and Pantheon Access. Geographic exposure centers on Italy with one cross-border real estate investment in Germany. ENPAV employs 25 professionals at its Rome headquarters. It owns 100 percent of EnpavRe S.r.l. and Edilparking S.r.l., a 50 percent joint venture in Veterinari Editori S.r.l., and a 98 percent interest in E.O. German JV S.à r.l. April 2025: Sponsored the Assemblea Nazionale dei Delegati to approve 2024 financial statements and review ESG integration. The fund belongs to Adepp and EMAPI industry associations. ENPAV operates under direct oversight by Corte dei Conti and retains bfinance and Benchmark & Style as investment advisors. Its structure ties investment decisions to the statutory mission of supporting a single professional category rather than a broader retail or institutional mandate.

## Sectors

- Healthcare
- Real Estate
- Infrastructure

## People

- Oscar Enrico Gandola — President
- Gianni Mancuso — Former President

## Questions

### Who runs investment decisions at ENPAV?

Oscar Enrico Gandola serves as president. The fund retains bfinance and Benchmark & Style as external investment advisors.

### What asset classes does ENPAV allocate to?

The fund holds direct real estate, private equity limited partner interests, and infrastructure commitments. Private equity represents 3.06 percent of assets against a 5 percent target.

### Does ENPAV invest directly or through funds?

ENPAV maintains direct ownership of multiple Rome properties and one Berlin residential asset. It also commits as a limited partner to several Italian and global private equity and infrastructure vehicles.

### Where does ENPAV source its capital?

Capital originates from mandatory contributions by Italian veterinarian surgeons and their families under the fund's statutory framework established in 1958.

### Which geographies does ENPAV cover?

Core operations and most real estate assets are located in Italy. The fund also holds one residential property in Berlin, Germany.

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

Canonical page: https://altss.com/profile/enpav

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