Fondo Espero
Also known as Espero, Fondo Scuola Espero, Fondo nazionale pensione complementare per i lavoratori della scuola
Rome-based occupational pension fund for Italian school staff (COVIP no. 145); €1.64bn net assets (end-2025); in December 2025 approved €30M in Fondo Italiano’s FoF Private Equity Italia Tre.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- AUM
- €1.6B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
FOCUS
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityFunds (as LP)Public equities
- GEOGRAPHY
- Italy
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
ABOUT
Fondo Espero is the contractual pension fund for workers of Italian schools, registered with COVIP under no. 145 and based in Rome. Its net assets were €1.64bn at 31 December 2025, held in Garanzia, Crescita and Dinamico compartments. On 15 December 2025 its board decided to invest €30M, about 2% of the Crescita compartment, in the fund-of-funds Private Equity Italia Tre (FOF PEI III) of Fondo Italiano d’Investimento SGR, its first private equity allocation.
PORTFOLIO (1)
- FOF Private Equity Italia Tre (PEI III) – Fondo Italiano d’Investimento SGR (€30M, approved 15/12/2025)since 2025
TEAM
LINKS
FAQ
Fondo Espero is a institutional investor based in Rome, Italy.
Fondo Espero does not primarily invest directly in private companies. It also commits capital to third-party funds as an LP.
Fondo Espero invests at Growth and Buyout stages.
Key people at Fondo Espero include Riccardo Resciniti (Chairman), Maria Grazia Penna (Vice-Chair) and Francesco Moretti (Director General).
Fondo Espero's investments include FOF Private Equity Italia Tre (PEI III) – Fondo Italiano d’Investimento SGR (€30M, approved 15/12/2025).
No. Fondo Espero invests its own capital and does not raise money from outside investors.