Previmoda
Also known as Fondo Pensione Previmoda, Fondo Pensione Complementare per i lavoratori dell’industria tessile-abbigliamento, delle calzature e degli altri comparti del settore moda
Milan negotiated pension fund for fashion and textile workers; €1.93bn net assets (end-2025); commits to PE, private debt and infrastructure funds via pooled mandates and a FoF.
- HEADQUARTERS
- Milan, Italy
- FOUNDED
- —
- AUM
- €1.9B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 2 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Funds (as LP)Private equityPrivate creditVenture capitalPublic equities
- GEOGRAPHY
- ItalyEuropeGlobal
Overview
Previmoda is the industry-wide supplementary pension fund for workers in the Italian textile, clothing, footwear and fashion industries, registered with COVIP as no. 117 and based in Milan. Net assets for benefits were €1.93bn at the end of 2025. Its balanced sub-fund targets 9% in private assets through mandates pooled with other pension funds: Progetto Iride (PE, Neuberger Berman, €64M), Zefiro (private debt, StepStone, €80M) and Vesta (infrastructure, Eurizon Capital Real Asset, €40M). Its equity sub-fund holds a €15M commitment to Fondo Italiano d’Investimento’s FoF Private Equity Italia.
PORTFOLIO (5)
- Progetto Iride – private equity FIA mandate, Neuberger Berman (€64M max commitment)since 2020
- Progetto Zefiro – private debt FIA mandate, StepStone (€80M max commitment)since 2021
- Progetto Vesta – infrastructure FIA mandate, Eurizon Capital Real Asset (€40M max commitment)since 2023
- FoF Private Equity Italia (Fondo Italiano d’Investimento, €15M commitment)since 2021
- Kairos Venture Two (€2.45M commitment via PMI equity mandate)since 2025
People
Links
Frequently asked questions
Previmoda is a institutional investor based in Milan, Italy.
Previmoda does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Previmoda invests at Growth and Buyout stages.
Key people at Previmoda include Giovanni Brugnoli (President) and Andrea Fiordelmondo (Vice-President).
Previmoda's investments include Progetto Iride – private equity FIA mandate, Neuberger Berman (€64M max commitment), Progetto Zefiro – private debt FIA mandate, StepStone (€80M max commitment), Progetto Vesta – infrastructure FIA mandate, Eurizon Capital Real Asset (€40M max commitment), FoF Private Equity Italia (Fondo Italiano d’Investimento, €15M commitment) and Kairos Venture Two (€2.45M commitment via PMI equity mandate).
No. Previmoda invests its own capital and does not raise money from outside investors.