Unveiling the FOF Infrastrutture: CDP Real Asset and Assofondipensione join forces to attract investors

Unveiling the FOF Infrastrutture: CDP Real Asset and Assofondipensione join forces to attract investors

The spotlight at the "Rendimenti Attesi" event in Rome was on the "FOF Infrastrutture," the inaugural infrastructure fund of funds in Italy, launched by CDP Real Asset SGR, drawing the interest of private institutional investors.

 

The event, now in its 43rd edition, is organised by European Investment Consulting and is aimed at representatives of pension funds, provident funds, foundations, insurance companies, fund of funds asset managers and private banks.

Leading the presentation of the fund to institutional investors was the head of FOF Infrastructure, Piergiorgio Mandolesi, who was introduced after a speech by Giovanni Maggi, the Chairman of Assofondipensione.

Starting with an assessment of Italy's substantial disparities in both the infrastructure sector and infrastructure management asset market, Mr. Mandolesi stressed that the FOF aims precisely to address and mitigate these gaps, consistent with the mission of CDP Group.

Afterwords, Mr Mandolesi provided an overview of the fund's investment strategy, highlighting its focus on the energy transition and circular economy sectors. He also gave an update on the fund's progress shortly after its launch, including two investments in ESG focus infrastructure funds for 60 million euro and indicating a pipeline that suggests over 310 million euro, half of the current allocation, could potentially be invested by the end of the year.

Nonetheless, the FOF Infrastructure's fund size is expected to grow further, facilitated by the endeavours of Assofondipensione. Chairman Maggi, stressing Assofondipensione's close and continuous cooperation with CDP Group and the positive aspects of the infrastructure fund, especially in terms of social and employment impact, stated his intention to secure another 16-18 pension funds in the forthcoming months.