# Fondo Concreto

Fondo Concreto is a Pension Fund based in Rome, Italy.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Rome, Italy
- **Region:** Europe
- **Address:** Via del Tritone, n.169, 00187 Rome, Italy
- **Assets under management:** 268 (Altss estimate)
- **Website:** www.fondoconcreto.it

## Regulatory record

- **Reports private funds:** No

## About

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 and Muzinich Diversified Enterprises Credit II. 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.

## Sectors

- Private Equity
- Renewable Energy
- Private Debt

## People

- Sebastiano Spagnuolo — Director
- Hicham Oursani — Member of the Board of Directors

## Questions

### Who runs investment decisions at Fondo Concreto?

Sebastiano Spagnuolo serves as Director. The board includes Hicham Oursani representing Fillea Cgil. Day-to-day portfolio management is delegated to external firms including Anima SGR and BlackRock.

### Does Fondo Concreto participate in fund commitments or only direct deals?

The fund operates primarily through fund commitments and co-investments via Progetto Economia Reale. It holds positions in multiple private equity, private debt and renewable energy vehicles.

### Which sectors does Fondo Concreto target?

Allocations focus on private equity, renewable energy and private debt. Public equity and bond holdings form the core portfolio with liquidity requirements.

### Where does the underlying membership come from?

Participants are workers in the cement, lime, gypsum and related manufacturing industries. The fund was created under agreements involving Fillea Cgil, Filca Cisl, Feneal Uil and Federbeton.

### How is Fondo Concreto regulated?

It is registered with COVIP under Albo number 122 and is a member of Assofondipensione. Some sub-funds fall under SFDR Article 6 while ESG criteria are applied to alternatives.

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

Canonical page: https://altss.com/profile/fondo-concreto

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