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Ente Nazionale di Previdenza e Assistenza Farmacisti (ENPAF)
ENPAF was established in 2000 as the national social security institution for Italian pharmacists. It collects mandatory contributions and distributes...
Ente Nazionale di Previdenza e Assistenza Farmacisti (ENPAF)
ENPAF was established in 2000 as the national social security institution for Italian pharmacists. It collects mandatory contributions and distributes pensions, maternity support, and survivor benefits to members and their families. The foundation allocates across public equities, direct real estate, and fund commitments. Confirmed holdings include an $85 million public equity portfolio, the headquarters building at Viale Pasteur 49 in Rome valued at €8.2 million, and a primary stake in the closed-end Fondo FIEPP real estate fund. Additional properties are held in Ravenna, Carrara, and Ragusa. Geographic exposure centers on Italy with limited international positions through Advanced Capital PERE International. ENPAF employs 100 professionals at its Rome headquarters. It maintains an 8.9 percent ownership in InvestiRE SGR SpA and participates in the ADEPP and Mefop professional networks. In July 2025 the entity appeared before the Italian parliamentary commission on pension entities to address financial stability and asset allocation. ENPAF operates under a statutory mandate that separates benefit administration from investment activity. Governance ties to the Federazione Ordini Farmacisti Italiani shape board composition and contribution policy.
General information
Firm type
Endowment / Foundation
Year founded
2000
Location
Region
Europe
Country
Italy
City
Rome
Corporate office
Viale Pasteur n. 49, Rome, Italy
Principals
Maurizio Pace
President
Marco Lazzaro
Director General
Sector focus
Frequently asked questions
Who runs investment decisions at ENPAF?
Maurizio Pace as president and Marco Lazzaro as director general oversee investment policy alongside statutory benefit administration.
Does ENPAF participate in fund commitments or only direct deals?
ENPAF holds both direct real estate assets and a primary quotaholder position in the closed-end Fondo FIEPP real estate fund.
Where does the underlying capital come from?
Capital originates from mandatory social security contributions paid by registered Italian pharmacists and their employers.
How is ENPAF related to InvestiRE SGR SpA?
ENPAF owns an 8.9 percent stake in InvestiRE SGR SpA, which serves as its real estate asset manager.
What asset classes appear in ENPAF statements?
Public equities, direct commercial real estate, and closed-end real estate funds constitute the disclosed investment portfolio.
Does ENPAF maintain external service providers for custody and advice?
BNP Paribas Securities Services acts as custodian and UBS Italia provides investment advisory services.
Which professional networks does ENPAF belong to?
ENPAF participates in ADEPP, the association of Italian private pension funds, and Mefop.
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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