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NewsEnpam eyes bigger bets on asset managers Nextalia and Green Arrow
Italy’s largest doctors’ pension fund explores increasing holdings in private equity and alternative managers
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NewsEnpam targets innovative firms with €190m investment
The Italian pension fund for doctors plans to keep its private markets allocation stable, targeting 12-13% returns in private equity and 7-8% in private debt
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Country ReportCase study: Italian pension fund Enpam creates two-part investment portfolio
Doctors’ fund is repackaging assets into cash flow-matching and return-seeking parcels
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NewsItalian doctors’ fund eyes €120m SME push through National Strategic Fund
Enpam tenders €120m domestic equity mandate via Fondo Nazionale Strategico Indiretto to support Italian SMEs and market liquidity
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Country ReportENPAM looks to preserve cash flow
In February 2024, the board of ENPAM, the first-pillar pension fund for doctors and dentists, approved plans for the fund to transition to an asset liability management (ALM) model that will focus on liability-driven investment (LDI).
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NewsEnpam overturns deficit forecast with €826m profit on invested assets
The scheme will end the current year with a budget surplus of €484m, a result that overturns the previous outlook of a deficit amounting to €84m
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NewsENPAM plans a further €520m investment in private markets
Italian scheme targets domestic private debt, private equity and venture capital allocations
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NewsEnpam shifts to macro portfolio strategies in new LDI approach
Italy’s largest pension scheme is splitting its assets into two macro portfolios
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NewsItalian pension fund defends position in ‘banking M&A risk’ game
Enpam and Fondazione Enasarco offices were raided by Italy’s Guardia di Finanza seeking documentation relating to securities transactions
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NewsTensions mount within Italy’s pension fund association as Enasarco plans exit
Enasarco, Italy’s €9.3bn pension fund for sales representatives, has begun the process to leave Adepp, the country’s pension fund association
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NewsAmundi, Generali, Allianz among managers to join Italy’s national strategic fund
Pension funds Enpam, Arco and Prevedi are yet to decide whether to participate in the Fondo Nazionale Strategico Indiretto
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NewsItaly’s largest pension funds outperform in 2024 amid governance overhauls
Enpam surpasses targets, while Cassa Forense posts double-digit returns and Inarcassa boosts private market exposure
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NewsEnpam and Fon.Te push on with private markets investments
Enpam plans to invest €290m in private equity, venture capital and private debt, while Fon.Te has earmarked €380m for private markets
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NewsItaly roundup: Enpam plans to build up global bond portfolio
Plus: Write downs hit Enasarco; Laborfonds sees sign of return to normality
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NewsPension funds become embroiled in Italy’s banking M&A battles
Cassa Forense, Enasarco, Enpam and Inarcassa face questions over their stakes in Monte dei Paschi di Siena, Mediobanca, and Banco Popolare Milano (BPM)
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NewsEnpam to record negative results this year due to global turmoil
Doctors’ pension fund set to end the current financial year with losses of €564m
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NewsTax incentives push Italian pension funds deeper into venture capital
Regulation on tax-deductible investments has accelerated Italian pension funds’ entry into venture capital
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NewsDemographics and labour shifts strain Italy’s first-pillar pension funds
Italy’s first-pillar pension funds face mounting pressure from ageing demographics, falling membership and labour market shifts
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NewsEconomists call for further regulation of Italy’s first pillar pension funds
The proposal comes as scrutiny of casse di previdenza’s investments in domestic banks intensifies
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NewsAerospace, cyber venture capital test Italy’s pension framework
Italian pension funds increase venture capital bets in aerospace and cybersecurity, urging clearer rules and larger funding rounds




