# Fondazione Enasarco

Fondazione Enasarco is a Pension Fund based in Rome, Italy.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Rome, Italy
- **Region:** Europe
- **Address:** Via Antoniotto Usodimare, 31, Rome, Italy
- **Founded:** 1938
- **Assets under management:** Undisclosed
- **Website:** www.enasarco.it
- **LinkedIn:** https://www.linkedin.com/company/fondazione-enasarco/

## Regulatory record

- **Reports private funds:** No

## About

Fondazione Enasarco was founded in 1938 to deliver pensions, trade union services and aid programs for Italian commercial agents. Patrizia De Luise serves as president with board representation from Confesercenti and Confcommercio. The fund allocates across private equity, real estate and public markets. Confirmed holdings include stakes in Garofalo Health Care. Direct real estate assets encompass Galleria Alberto Sordi in Rome, the Progetto Mercurio portfolio of roughly 18,000 residential units and over 1,000 social housing units. Geographic exposure remains almost entirely within Italy, primarily Rome and Milan. The organization employs external advisors including Prelios SGR for real estate and EY as auditor since 2023. It maintains full ownership of Miria Asset Management and holds positions in funds such as Fondo Megas and Apollo Origination Partnership II. In March 2025 the fund sponsored ConsulenTia25 in Rome. Governance ties to trade associations Confesercenti and Confcommercio shape board composition and mandate focus on member welfare rather than external capital raising.

## Sectors

- Real Estate
- Healthcare
- Financials

## People

- Patrizia De Luise — President
- Antonio Buonfiglio — Director General

## Questions

### Who runs investment decisions at Fondazione Enasarco?

Patrizia De Luise serves as president and Antonio Buonfiglio as director general. The board includes representatives from Confesercenti and Confcommercio.

### Does Fondazione Enasarco participate in fund commitments or only direct deals?

The fund holds both direct real estate assets and limited partner positions in vehicles including Fondo Megas, Fondo Michelangelo 2 and Apollo Origination Partnership II.

### What is Fondazione Enasarco's known posture on co-investments alongside external GPs?

The fund maintains co-investment exposure through private equity and real estate funds alongside direct ownership of operating businesses such as Miria Asset Management.

### How is Fondazione Enasarco related to Confesercenti and Confcommercio?

Both trade associations hold board seats. President Patrizia De Luise also serves as president of Confesercenti.

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

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