# Foncer

Foncer is a Pension Fund based in Sassuolo, Italy.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sassuolo, Italy
- **Region:** Europe
- **Address:** Via Felice Cavallotti, 106, Sassuolo, Italy, 41049
- **Assets under management:** 620 (Altss estimate)
- **Website:** www.foncer.it
- **LinkedIn:** https://www.linkedin.com/company/fondo-pensione-foncer

## Regulatory record

- **Reports private funds:** No

## About

Foncer operates as the contractual pension fund for the Italian ceramic industry. It was established to manage retirement contributions from employers represented by Confindustria Ceramica and workers represented by FILCTEM-CGIL, FEMCA-CISL and UILTEC-UIL. The fund deploys capital across buyout, growth and natural resources strategies. It participates in Progetto Iride, a private equity vehicle alongside Gomma Plastica, Pegaso and Previmoda focused on European and Italian transactions. It also holds interests in Progetto Vesta infrastructure investments and Progetto Zefiro private debt managed by StepStone Group. Geographic exposure centers on Italy and broader Europe. Foncer maintains service relationships with BFF Bank as custodian, Previnet for administration, Prometeia as advisor and Deloitte as auditor. It belongs to Assofondipensione, Mefop and COVIP. In September 2024 the fund attended Cersaie in Bologna to engage members from the ceramic sector. Governance splits leadership between employer and worker representatives, with investment execution handled through external managers including Eurizon Capital and Generali Insurance Asset Management.

## Sectors

- Diversified
- Renewable Energy

## People

- Giacomo Giovanardi — President
- Massimo Guerranti — Vice President

## Questions

### Who runs investment decisions at Foncer?

Giacomo Giovanardi serves as President and Massimo Guerranti as Vice President. External managers including Eurizon Capital and Generali Insurance Asset Management execute mandates.

### Does Foncer participate in fund commitments or only direct deals?

Foncer commits through joint vehicles such as Progetto Iride, Progetto Vesta and Progetto Zefiro alongside other Italian pension funds.

### What investment stages does Foncer typically target?

The fund targets buyout and growth strategies through its private equity and private debt consortia.

### How is Foncer related to Confindustria Ceramica?

Confindustria Ceramica founded the fund and continues to represent the employer side on its governance board.

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

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

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