INARCASSA. the Italian pension fund for engineers and architects, is seeking to appoint a consultant that would provide ESG risk assessment and reporting services.

According to the fund’s website, it has opened a tender process with a deadline of 12 February, 13:00 CET.

The fund has been using ESG criteria since 2017 when it signed up for the United Nation’s Principles of Responsible Investment – the first Italian pension fund to do so – and in 2018 hired Vigeo Eiris to analyse its portfolio and prepare an ESG report.

The appointed firm will have a similar contract to that issued to Vigeo Eiris a couple of years ago.

PFA picks La Française for senior housing portfolio

Danish pension fund PFA has selected La Française to run a senior housing portfolio. The mandate will be launched with an initial equity investment of €100m and have a geographic focus on France.

PFA has seized the opportunity to invest in an asset class where demand currently exceeds supply, a statement said. The available stock of senior housing in France is only able to accommodate a small percentage of the population aged of 75 years and older, a growing and solvent segment.

The properties of the senior housing portfolio will be acquired as forward purchases (VEFA) and will initially be sourced across France, the statement said.

Michael Bruhn, managing director of PFA, said this investment “offers the advantage of residential properties with an attractive risk-return profile and a strong societal impact”.