Cassa Dottori Commercialisti
Also known as CNPADC, CDC, Cassa Nazionale di Previdenza e Assistenza a favore dei Dottori Commercialisti
Rome pension fund of Italian chartered accountants; €14.3bn assets at market value (end-2025); about 100 closed-end PE, private debt, infrastructure and real-estate funds.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 2 people
FOCUS
- STAGES
- Series AGrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityVenture capitalPrivate creditReal estatePublic equitiesHedge funds
- GEOGRAPHY
- ItalyEuropeGlobal
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
ABOUT
Cassa Nazionale di Previdenza e Assistenza a favore dei Dottori Commercialisti is the pension body of Italy’s chartered accountants, based in Rome. At the end of 2025 its assets were about €14.3bn at market value, of which illiquid alternatives €2.82bn: private equity €889M, private debt €285M, infrastructure €578M and real estate €1.07bn. Its closed-end fund portfolio (€1.99bn called capital in 101 funds) spans Italian and international buyout, venture, private debt and infrastructure managers; it also holds 3.67% of Banca d’Italia.
PORTFOLIO (15)
- FSI II
- Investindustrial VII and VIII
- Clessidra Capital Partners 3
- Wisequity IV, V and VI
- Alcedo IV and V
- Ambienta II, III, IV and Ambienta Small Cap
- United Ventures One SICAF EuVECA
- Consilium Private Equity Fund III
- Permira VI, VII and VIII
- CVC Capital Partners IX
- Apax IX, X and XI
- Italia FoF Private Debt
- Muzinich Italian Private Debt Fund
- F2i Rete Digitale and F2i Fondo per le Infrastrutture Sostenibili
- Banca d’Italia (3.67%, 11,000 shares)
TEAM
LINKS
FAQ
Cassa Dottori Commercialisti is a institutional investor based in Rome, Italy.
Yes. Cassa Dottori Commercialisti invests directly in private companies. It also commits capital to third-party funds as an LP.
Cassa Dottori Commercialisti invests at Series A, Growth and Buyout stages.
Key people at Cassa Dottori Commercialisti include Ferdinando Boccia (President) and Antonino Dattola (Vice-President).
Cassa Dottori Commercialisti's investments include FSI II, Investindustrial VII and VIII, Clessidra Capital Partners 3, Wisequity IV, V and VI, Alcedo IV and V, Ambienta II, III, IV and Ambienta Small Cap, United Ventures One SICAF EuVECA and Consilium Private Equity Fund III, among others.
Cassa Dottori Commercialisti states that it accepts submissions through its official contact page.
No. Cassa Dottori Commercialisti invests its own capital and does not raise money from outside investors.