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Institutional LPNo direct investingLAST VERIFIED Oct 2026 · 4 SOURCES

Fondo Pensione ARCO

Also known as Fondo Arco, ARCO, Fondo Pensione Complementare per i lavoratori dei settori legno, sughero, mobile, arredamento e boschivi/forestali, laterizi e manufatti in cemento, lapidei, maniglie

Milan negotiated pension fund for wood, furniture, brick and stone sector workers; €919M net assets (end-2025); €77.6M committed to PE, private debt and infrastructure funds of funds.

HEADQUARTERS
Milan, Italy
FOUNDED
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
3 people

FOCUS

STAGES
GrowthBuyout
SECTORS
—
ASSET MIX
Private equityPrivate creditFunds (as LP)Public equities
GEOGRAPHY
ItalyEurope

WHAT IT IS

Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.

ABOUT

Fondo Pensione ARCO is the negotiated supplementary pension fund for workers in the wood, cork, furniture, forestry, brick, cement products and stone sectors, registered with COVIP as no. 106 and based in Milan. At the end of 2025 its net assets available for benefits were €918.7M. Through the CDP-backed “Progetto Economia Reale” and an EIF mandate it has committed €77.55M to private equity, private debt and infrastructure funds of funds managed by Fondo Italiano d’Investimento, CDP Real Asset SGR and the European Investment Fund.

PORTFOLIO (5)

  • FoF Private Equity Italia – Fondo Italiano d’Investimento (€12.2M commitment)
    since 2020
  • FoF Private Debt Italia – Fondo Italiano d’Investimento (€12.2M commitment)
    since 2020
  • FoF Infrastrutture – CDP Real Asset SGR (2023 commitment, amount stated inconsistently in the source; plus €7.45M in 2025)
    since 2023
  • EIF – AMUF European Private Equity II (€27.5M commitment)
    since 2025
  • FoF Private Equity Italia Tre – Fondo Italiano d’Investimento (€11.4M commitment)
    since 2025

TEAM

  • Manfredo Turchetti
    President · source
  • Serena Morello
    Vice-President · source
  • Elsa Placanica
    Director General (from 1 October 2026) · source

LINKS

FAQ

Fondo Pensione ARCO is a institutional investor based in Milan, Italy.

Fondo Pensione ARCO does not primarily invest directly in private companies. It also commits capital to third-party funds as an LP.

Fondo Pensione ARCO invests at Growth and Buyout stages.

Key people at Fondo Pensione ARCO include Manfredo Turchetti (President), Serena Morello (Vice-President) and Elsa Placanica (Director General (from 1 October 2026)).

Fondo Pensione ARCO's investments include FoF Private Equity Italia – Fondo Italiano d’Investimento (€12.2M commitment), FoF Private Debt Italia – Fondo Italiano d’Investimento (€12.2M commitment), FoF Infrastrutture – CDP Real Asset SGR (2023 commitment, amount stated inconsistently in the source; plus €7.45M in 2025), EIF – AMUF European Private Equity II (€27.5M commitment) and FoF Private Equity Italia Tre – Fondo Italiano d’Investimento (€11.4M commitment).

No. Fondo Pensione ARCO invests its own capital and does not raise money from outside investors.