Agirc-Arrco
Also known as Fédération Agirc-Arrco, Régime de retraite complémentaire Agirc-Arrco
Federation running the mandatory supplementary pension scheme for French private-sector employees; €91.2bn of reserves at market value (end 2025); rules allow up to €3.2bn in PE funds (FPCI).
- HEADQUARTERS
- Paris, France
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equityPublic equitiesReal estate
- GEOGRAPHY
- Europe
Overview
Agirc-Arrco is the federation of supplementary pension institutions (IRC) governed by the Code de la sécurité sociale that runs the mandatory pay-as-you-go supplementary scheme for private-sector employees, managed by the social partners. Its available reserves were €91.2bn at market value at the end of 2025. The reserves are invested by the member institutions under a federation financial rulebook that caps non-euro-zone securities at 5% of the quota base; private-equity investments must take the form of French FPCI funds, need prior federation approval and are capped at a long-term commitment of €3.2bn.
People
Links
Frequently asked questions
Agirc-Arrco is a institutional investor based in Paris, France.
Agirc-Arrco does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Key people at Agirc-Arrco include Diane Milleron-Deperrois (Présidente), Brigitte Pisa (Vice-Présidente) and François-Xavier Selleret (Directeur général).
No. Agirc-Arrco invests its own capital and does not raise money from outside investors.