Cassa Nazionale del Notariato
Also known as Cassa del Notariato, CNN
Rome pension fund of Italian notaries; €1.69bn securities portfolio and €1.94bn net assets (end-2025); about €95M in PE funds; six Italy-focused PE commitments (€24M) in 2025.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- AUM
- €1.7B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityPrivate creditReal estatePublic equities
- GEOGRAPHY
- ItalyEurope
Overview
Cassa Nazionale del Notariato is the pension and welfare body of Italian notaries, based in Rome. At the end of 2025 it had net assets of €1.935bn and a securities portfolio of €1.69bn, mostly UCITS funds and government bonds, plus directly held real estate and real-estate funds. Its private equity funds were valued at €94.7M and private debt funds at €5.0M; in March 2025 the board approved six Italy-focused private equity funds for a total commitment of €24M.
PORTFOLIO (12)
- Clessidra Capital Partners 4
- Quadrivio Silver Economy Fund and Quadrivio Industry 4.0
- Alto Capital V
- Ambienta II, III and IV
- Armònia Italy Fund IIsince 2025
- Azimut Imprese per la Crescita 3since 2025
- Arca Space Capitalsince 2025
- Aksia Capital VIsince 2025
- Azzurra Capital Investmentssince 2025
- NB Renaissance Partners Fund IV (€4M uncalled at end-2025)since 2025
- Macquarie European Infrastructure Fund 7 and MEIF 7 co-investments
- Equita Private Debt Fund III
People
Links
Frequently asked questions
Cassa Nazionale del Notariato is a institutional investor based in Rome, Italy.
Cassa Nazionale del Notariato does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Cassa Nazionale del Notariato invests at Growth and Buyout stages.
Key people at Cassa Nazionale del Notariato include Patrizia Sara Siciliano (President), Franco Amadeo (Vice-President) and Danilo Lombardi (Director General).
Cassa Nazionale del Notariato's investments include Clessidra Capital Partners 4, Quadrivio Silver Economy Fund and Quadrivio Industry 4.0, Alto Capital V, Ambienta II, III and IV, Armònia Italy Fund II, Azimut Imprese per la Crescita 3, Arca Space Capital and Aksia Capital VI, among others.
No. Cassa Nazionale del Notariato invests its own capital and does not raise money from outside investors.