Fondoposte

Fondoposte

Fondoposte was established on 31 July 2002 to provide supplementary retirement benefits to Poste Italiane staff and subsidiaries. The fund operates under Italian pension regulations with oversight from a board that includes Chairman Antonio Nervi and Vice Chairman Vito Romaniello. Its mandate centers on delivering stable long-term returns for postal workers without external capital raising. The portfolio mixes public bonds, equities, and private markets. Fixed-income holdings include Italian BTPs, German Bunds, Japanese government bonds, US Treasuries, and euro credit funds from HSBC and SSgA. Equity exposure features Microsoft shares inside the Bilanciato sub-fund. Private-market commitments cover CDP Real Assets Infrastructure Fund-of-Funds, Fondo Italiano d'Investimento Private Equity and Private Debt Fund-of-Funds, and LGT Capital Partners private markets portfolio, all located in Italy or broader Europe. Geographic reach centers on Italy and select European and global developed markets. Assets total 3069 million USD with a team of 20 professionals based in Rome. The fund belongs to Assofondipensione and uses service providers including BNP Paribas Securities Services as custodian, KPMG as auditor, and asset managers Allianz Global Investors, Amundi, AXA, Schroders, UBS, Eurizon, and PIMCO. August 2025: representatives attended the LGT Group AGM in Vienna to review private-markets exposure. Governance separates investment decisions from the sponsor Poste Italiane through an independent board and external risk and audit mandates. This structure limits sponsor influence while preserving access to Poste Italiane employee contribution flows.