Fondo Concreto

Fondo Concreto

Fondo Concreto operates as a national capitalisation pension fund registered with COVIP under number 122. It was established to deliver retirement benefits to workers in the cement, lime and gypsum sectors through contributions from both employees and employers represented by Fillea Cgil, Filca Cisl, Feneal Uil and Federbeton. The fund pursues a fund-of-funds approach with allocations to private equity, private debt and renewable energy. Confirmed holdings include Goldman Sachs Global Environmental Impact Equity Portfolio, Capital Dynamics Clean Energy Europe SCSp, Tages Helios Net Zero, Muzinich Diversified Enterprises Credit II and Tikehau Direct Lending VI. Geographic exposure centres on Italy and broader Europe. Investment managers include Anima SGR, BlackRock and UnipolSai; BFF Banking Group acts as custodian. Assets total $268 million. The fund maintains memberships in Assofondipensione and COVIP. No additional offices are recorded. Service providers also include Ria Grant Thornton as auditor and Accenture for administration. The fund's governance ties it directly to the trade unions and employer association that founded it, creating a mandate anchored in sector-specific labour agreements rather than open-market capital raising.