Inarcassa
Also known as Cassa Nazionale di Previdenza ed Assistenza per gli Ingegneri ed Architetti Liberi Professionisti
Rome pension fund of Italian self-employed engineers and architects; assets above €17.7bn (end-2025); over 200 private-market vehicles with €4.7bn of commitments.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
FOCUS
- STAGES
- Series AGrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityVenture capitalPrivate creditReal estatePublic equitiesDirect investments
- GEOGRAPHY
- ItalyGlobal
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
- Infrastructure investment company co-founded with the other casse (46.86% stake)
ABOUT
Inarcassa is the privatised pension and welfare body of Italy’s self-employed engineers and architects, based in Rome. It closed 2025 with assets above €17.7bn and accounting net assets of €16.95bn. Its private-markets book comprises over 200 funds and vehicles with more than €4.7bn of commitments; in 2025 it approved over €900M of new commitments, mostly private equity and private debt, plus venture capital funds and direct stakes. It holds 46.86% of infrastructure investor Arpinge and stakes in Banca d’Italia and F2i SGR.
PORTFOLIO (2)
- Arpinge S.p.A. (46.86% stake)
- F2i SGR (6.33% stake)
TEAM
LINKS
FAQ
Inarcassa is a institutional investor based in Rome, Italy.
Yes. Inarcassa invests directly in private companies. It also commits capital to third-party funds as an LP.
Inarcassa invests at Series A, Growth and Buyout stages.
Key people at Inarcassa include Massimo Garbari (President), Egidio Comodo (Vice-President) and Alfredo Granata (Director General).
Inarcassa's investments include Arpinge S.p.A. (46.86% stake) and F2i SGR (6.33% stake).
No. Inarcassa invests its own capital and does not raise money from outside investors.