Fonchim
Also known as Fondo Pensione Fonchim, Fondo pensione complementare a capitalizzazione per i lavoratori dell’industria chimica e farmaceutica e dei settori affini
Milan negotiated pension fund for the chemical and pharma industry (COVIP no. 1); ~€9.9bn assets (end-2025); €10M in Fondo Italiano’s PE fund of funds and a €115M PE/infra mandate.
- HEADQUARTERS
- Milan, Italy
- FOUNDED
- —
- AUM
- €9.9B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- —
Focus
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityFunds (as LP)Public equities
- GEOGRAPHY
- ItalyEurope
Overview
Fonchim is the negotiated supplementary pension fund for workers in Italy’s chemical, pharmaceutical and related industries, registered with COVIP as no. 1 and based in Milan. Its net assets grew from €9.2bn to about €9.9bn in 2025, invested mainly through liquid balanced, bond and equity mandates. Private markets are a small sleeve: a €10M commitment (2022) to Fondo di Fondi Private Equity Italia managed by Fondo Italiano d’Investimento SGR, and from April 2025 private equity and infrastructure fund-of-funds mandates with Neuberger Berman capped at €100M (Stabilità) and €15M (Crescita).
PORTFOLIO (3)
- Fondo di Fondi Private Equity Italia (Fondo Italiano d’Investimento SGR; €10M commitment)since 2022
- Neuberger Berman private equity and infrastructure FIA mandate – Stabilità (€100M maximum commitment)since 2025
- Neuberger Berman private equity FIA mandate – Crescita (€15M maximum commitment)since 2025
Links
Frequently asked questions
Fonchim is a institutional investor based in Milan, Italy.
Fonchim does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Fonchim invests at Growth and Buyout stages.
Fonchim's investments include Fondo di Fondi Private Equity Italia (Fondo Italiano d’Investimento SGR; €10M commitment), Neuberger Berman private equity and infrastructure FIA mandate – Stabilità (€100M maximum commitment) and Neuberger Berman private equity FIA mandate – Crescita (€15M maximum commitment).
No. Fonchim invests its own capital and does not raise money from outside investors.