Previambiente
Also known as Fondo Nazionale Pensione a favore dei Lavoratori del Settore dell’Igiene Ambientale e dei Settori Affini, Fondo Pensione Previambiente
Rome negotiated pension fund for environmental-services workers; €1.46bn net assets (end-2025); holds FoF Private Equity Italia and a €15M commitment to CDP’s FoF Infrastrutture.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- AUM
- €1.5B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Funds (as LP)Private equityPublic equities
- GEOGRAPHY
- ItalyEurope
Overview
Previambiente is the national supplementary pension fund for workers in Italian waste-management and environmental-hygiene services, registered with COVIP as no. 88 and based in Rome. Net assets for benefits were €1.46bn at the end of 2025. Its balanced sub-fund holds directly Fondo Italiano d’Investimento’s FoF Private Equity Italia and, since January 2025, €15M of CDP Real Asset’s FoF Infrastrutture. In October 2025 it tendered a €60M mandate for an alternative-fund manager to invest in private equity and infrastructure.
PORTFOLIO (2)
- FoF Private Equity Italia (Fondo Italiano d’Investimento SGR)
- FoF Infrastrutture (CDP Real Asset SGR, €15M subscription)since 2025
People
Links
Frequently asked questions
Previambiente is a institutional investor based in Rome, Italy.
Previambiente does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Previambiente invests at Growth and Buyout stages.
Key people at Previambiente include Massimo Cenciotti (President), Paola Giuliani (Vice-President) and Salvatore Cardillo (General Manager).
Previambiente's investments include FoF Private Equity Italia (Fondo Italiano d’Investimento SGR) and FoF Infrastrutture (CDP Real Asset SGR, €15M subscription).
No. Previambiente invests its own capital and does not raise money from outside investors.