Fondazione Enpaia
Also known as ENPAIA, Fondazione E.N.P.A.I.A., Ente Nazionale di Previdenza per gli Addetti e per gli Impiegati in Agricoltura
Rome pension foundation for Italian agricultural employees; €1.9bn financial portfolio (end-2025); €682M committed to AIFs incl. PE and VC funds; stakes in Masi, BF and Granarolo.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- AUM
- €1.9B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
Focus
- STAGES
- SeedSeries AGrowthBuyout
- SECTORS
- Food & Agriculture
- ASSET MIX
- Private equityVenture capitalPrivate creditReal estatePublic equitiesDirect investments
- GEOGRAPHY
- Italy
Overview
Fondazione Enpaia is the pension and welfare foundation for employees and white-collar staff of the Italian agricultural sector, based in Rome. Its financial portfolio was about €1.9bn at the end of 2025, alongside real estate. It has committed €682.3M to alternative investment funds (real estate included), among them Italian private equity, venture capital, private debt and infrastructure funds, and holds strategic stakes in agri-food companies Masi Agricola, Bonifiche Ferraresi (B.F. S.p.A.) and Granarolo.
PORTFOLIO (17)
- Masi Agricola (strategic stake)Food & Agriculture
- B.F. S.p.A. – Bonifiche Ferraresi (strategic stake)Food & Agriculture
- Granarolo (strategic stake)Food & Agriculture
- Fondo Italiano Agri and Food – FIAF 3 (fund holding)Food & Agriculture
- CDP Venture Capital fund of funds (fund holding)
- Vertis Venture 2 Scaleup (fund holding)
- Mito Tech Ventures (fund holding)
- Sella Adventure Partners (fund holding)
- Eureka! Fund I Technology Transfer (fund holding)
- Cysero EuVECA (fund holding)
- Assietta Private Equity IV (fund holding)
- Consilium Private Equity Fund IV (fund holding)
- Equinox III (fund holding)
- Armònia Italy Fund II (fund holding)
- Nextalia Private Equity and Nextalia Flexible (fund holdings)
- Quadrivio Industry 4.0 (fund holding)
- NB Renaissance Partners III (fund holding)
People
Links
Frequently asked questions
Fondazione Enpaia is a institutional investor based in Rome, Italy.
Yes. Fondazione Enpaia invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Fondazione Enpaia invests at Seed, Series A, Growth and Buyout stages in Food & Agriculture.
Key people at Fondazione Enpaia include Giorgio Piazza (President), Sergio Retini (Vice-President) and Roberto Diacetti (Director General).
Fondazione Enpaia's investments include Masi Agricola (strategic stake), B.F. S.p.A. – Bonifiche Ferraresi (strategic stake), Granarolo (strategic stake), Fondo Italiano Agri and Food – FIAF 3 (fund holding), CDP Venture Capital fund of funds (fund holding), Vertis Venture 2 Scaleup (fund holding), Mito Tech Ventures (fund holding) and Sella Adventure Partners (fund holding), among others.
No. Fondazione Enpaia invests its own capital and does not raise money from outside investors.