National Institute for Social Security of the Italian Journalists (INPGI)

National Institute for Social Security of the Italian Journalists (INPGI)

The National Institute for Social Security of the Italian Journalists was established in 1926 to administer mandatory pension coverage for the journalism profession. Roberto Ginex holds the presidency. The institute operates separately from the general Italian social security system after the 2022 transfer of its employed-journalist fund to INPS. INPGI invests across private equity, fixed income, equities, and real estate. Its real estate holdings sit inside the Fondo Inpgi Giovanni Amendola, a diversified vehicle managed by InvestiRE SGR that includes properties in Rome, Milan, Naples, and Bologna. The institute also commits to infrastructure funds through the Fondaco Obiettivo Welfare SICAV. Geographic exposure centers on Italy and broader Europe. The institute reported approximately 978 million USD in assets. Filippo Manuelli oversees investment and financial operations. INPGI maintains membership in Mefop and Assoimmobiliare. In November 2024 it participated as a speaker at the Mefop Private Equity Selection Day in Rome. INPGI routes alternative investments through a Luxembourg RAIF structure and retains specialized external managers for real estate and fixed income. Governance ties to the Federazione Nazionale della Stampa Italiana shape mandate and oversight.