ENPAP
Also known as Ente Nazionale di Previdenza ed Assistenza per gli Psicologi, Ente di Previdenza degli Psicologi
Rome pension body of Italian psychologists; €2.96bn investments at book value (end-2025); LP in dedicated PE and private debt funds of funds and global private-markets funds.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- AUM
- €3B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 2 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityPrivate creditReal estatePublic equitiesFunds (as LP)
- GEOGRAPHY
- GlobalEuropeItaly
Overview
ENPAP is the privatised pension and welfare body of Italian psychologists, based in Rome. At the end of 2025 its securities and real-estate investments totalled about €2.96bn at book value, excluding cash. It invests in private equity through two dedicated Schroders Capital funds of funds (PSY Private Equity I and II) and in private debt through a StepStone-managed fund of funds, and in 2025 committed €335M to new private equity and private credit funds including Hamilton Lane, Blackstone, LGT and HarbourVest vehicles.
PORTFOLIO (14)
- PSY Private Equity (Schroders Capital fund of funds)
- PSY Private Equity II (Schroders Capital fund of funds)
- PSY ENPAP Private Debt Fund (StepStone fund of funds)
- Hamilton Lane Senior Credit Opportunities Fund (€70M commitment)since 2025
- Blackstone European Private Credit Fund (€55M commitment)since 2025
- LGT Global Private Credit (€55M)since 2025
- Fasanara Global Diversified Alternative Debt (€20M)since 2025
- Hamilton Lane Global Private Assets (€40M commitment)since 2025
- HarbourVest Global Private Solution (€40M commitment)since 2025
- Blackstone Private Equity Strategies (€20M commitment)since 2025
- LGT Global Private Equity (€20M commitment)since 2025
- BlackRock Global Infrastructure Solutions 4
- Pantheon Global Infrastructure Fund IV
- Fondo SI – Social Impact
People
Links
Frequently asked questions
ENPAP is a institutional investor based in Rome, Italy.
ENPAP does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
ENPAP invests at Growth and Buyout stages.
Key people at ENPAP include Federico Conte (President) and Fortunata Pizzoferro (Vice-President).
ENPAP's investments include PSY Private Equity (Schroders Capital fund of funds), PSY Private Equity II (Schroders Capital fund of funds), PSY ENPAP Private Debt Fund (StepStone fund of funds), Hamilton Lane Senior Credit Opportunities Fund (€70M commitment), Blackstone European Private Credit Fund (€55M commitment), LGT Global Private Credit (€55M), Fasanara Global Diversified Alternative Debt (€20M) and Hamilton Lane Global Private Assets (€40M commitment), among others.
No. ENPAP invests its own capital and does not raise money from outside investors.