Cassa Geometri
Also known as CIPAG, Cassa Italiana di Previdenza e Assistenza dei Geometri Liberi Professionisti
Rome pension fund of Italian surveyors; €1.78bn invested assets at market value (end-2025); committed €120M to seven private equity funds in 2025; 39% owner of Arpinge.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- AUM
- €1.8B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
FOCUS
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityPrivate creditReal estatePublic equities
- GEOGRAPHY
- ItalyEurope
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
- Infrastructure investment company co-founded with the other casse (39.12% stake)
ABOUT
Cassa Italiana di Previdenza e Assistenza dei Geometri Liberi Professionisti (CIPAG) is the pension body of Italy’s self-employed surveyors, based in Rome. At the end of 2025 its invested assets were €1.78bn at market value, mainly a Quaestio-managed multi-asset compartment, Italian government bonds, F2i infrastructure funds, real-estate funds and property. In 2025 it committed €120M to seven private equity funds, and it holds 39.12% of infrastructure investor Arpinge plus stakes in F2i SGR, Investire SGR and Quaestio Holding.
INVESTMENT THESIS
Accepts unsolicited private-markets proposals for AIFMD-compliant Italian or EU alternative funds open to fundraising, submitted through its published information form.
PORTFOLIO (12)
- Investindustrial VIII SCSp (fund commitment)since 2025
- Fondo Imprese per la Crescita 3 – Azimut Libera Impresa SGR (fund commitment)since 2025
- IK Small Cap IV (€15M residual commitment)since 2025
- NB Renaissance Fund IV (€15M residual commitment)since 2025
- Progressio Investimenti IV (fund commitment)since 2025
- Eurazeo Secondary Fund V (fund commitment)since 2025
- Lifestyle Fund II – Quadrivio Group (fund commitment)since 2025
- F2i Fondo Italiano per le Infrastrutture Sostenibili, F2i III, F2i Rete Digitale, F2i Infrastructure Debt Fund 1
- Arpinge S.p.A. (39.12% stake)
- Quaestio Holding S.A. (10% stake)
- Investire SGR (7.72% stake)
- F2i SGR (5.04% stake)
TEAM
LINKS
FAQ
Cassa Geometri is a institutional investor based in Rome, Italy.
Yes. Cassa Geometri invests directly in private companies. It also commits capital to third-party funds as an LP.
Cassa Geometri invests at Growth and Buyout stages.
Key people at Cassa Geometri include Diego Buono (President), Renato Ferrari (Vice-President) and Maria Luisa Caravita di Toritto (Director General).
Cassa Geometri's investments include Investindustrial VIII SCSp (fund commitment), Fondo Imprese per la Crescita 3 – Azimut Libera Impresa SGR (fund commitment), IK Small Cap IV (€15M residual commitment), NB Renaissance Fund IV (€15M residual commitment), Progressio Investimenti IV (fund commitment), Eurazeo Secondary Fund V (fund commitment), Lifestyle Fund II – Quadrivio Group (fund commitment) and F2i Fondo Italiano per le Infrastrutture Sostenibili, F2i III, F2i Rete Digitale, F2i Infrastructure Debt Fund 1, among others.
Cassa Geometri states that it accepts submissions through its official contact page.
No. Cassa Geometri invests its own capital and does not raise money from outside investors.