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Plan de Pensiones de Empleados de Telefónica de España
The plan was established in 1990 by Telefónica de España S.A.U. as the dedicated retirement vehicle for its workforce. Fonditel has served as investment...
Plan de Pensiones de Empleados de Telefónica de España
The plan was established in 1990 by Telefónica de España S.A.U. as the dedicated retirement vehicle for its workforce. Fonditel has served as investment manager since 1992. The portfolio spans listed equities, investment-grade and high-yield bonds, direct real estate, and private-market funds. Confirmed positions include a commitment to Partners Group Real Estate 2019, the Imopólis commercial real estate vehicle in Spain and Portugal, Barings European Private Loan Fund II, Palladium Equity Partners III, and Altamar VI Emerging Markets PE FCR. Geographic exposure covers Spain, Portugal, broader Europe, the United States and selected emerging markets. Assets under management stand at approximately $3.1 billion. The fund maintains signatory status with UNPRI since 2018 and is a founding member of Spainsif through Fonditel. No material governance or personnel changes have been recorded in the last 24 months. The structure is a single corporate pension plan whose mandate is defined by Spanish occupational-pension regulation and whose investment decisions are executed exclusively by the affiliated manager Fonditel.
General information
Firm type
Pension Fund
Year founded
1990
Location
Region
Europe
Country
Spain
City
Madrid
Corporate office
Ronda de la Comunicación, s/n South Building 1 1st Floor, Metro Line 10, 28050
Sector focus
Frequently asked questions
Who manages the investments of Plan de Pensiones de Empleados de Telefónica de España?
Fonditel Pensiones EGFP, S.A. has acted as investment manager since 1992 under a mandate from the plan sponsor.
What asset classes does the plan allocate to?
Allocations include listed equities in the US, Europe and Japan, fixed income across Spain, Italy, Germany and the US, real estate, private equity, venture capital, private debt and infrastructure.
Does the plan commit to external funds or make direct investments?
The plan participates as a limited partner in third-party funds and holds certain direct real estate positions.
Where does the underlying capital originate?
The capital is contributed by Telefónica de España S.A.U. on behalf of its employees under Spain's occupational pension framework.
Is the plan a signatory to responsible investment initiatives?
The plan is a UNPRI signatory since 2018 and Fonditel is a founding member of Spainsif.
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