CDP and Assofondipensione, the association of occupational pension funds, presented a project aimed at attracting investments in the real Italian economy and supporting business development.
The plan, presented on 2 December as part of the Annual Meeting of Assofondipensione, aims to encourage the flow of investments into the national economy through a platform, made up of funds of funds and managed by the Fondo Italiano di Investimento SGR (FII SGR ), which would invest in private equity funds, private debt, as well as potentially other asset classes. The goal of funding from pension funds is at least 500 million euro, to which would also be added the resources that CDP will be able to invest alongside the pension funds in the platform managed by FII SGR.
CDP CEO Fabrizio Palermo explained that: “We need to start a new season of cooperation between long-term national investors to activate sufficient financial resources to create stimulus and growth for our country. This project goes exactly in this direction. We have two common goals: channeling important financial resources to the Italian economy and bringing participating pension funds closer to an interesting investment opportunity”, said Fabrizio Palermo, CDP Chief Executive Officer.
"Pension funds currently manage over 100 billion euros on behalf of their members, representing an important pool of resources that can be mobilized in favor of investments in the real economy, while at the same time seizing the possibility of higher returns for their members", said Giovanni Maggi, president of Assofondipensione.
