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Italian industry-wide DC funds team up for private debt investment

A consortium of four Italian industry-wide defined contribution (DC) pension funds has launched a search for a private debt manager. The initiative, called Progetto Zefiro (Project Zephyr), is the first time Italian industry-wide DC funds, collectively known as ‘fondi negoziali’, form a group to invest in private debt.  The four funds have committed €195m in total, split as follows: • Fondo Gomma Plastica, the fund for employees of the rubber and plastics industry - €20m • Fopen, ...
Neuberger Berman Fondo Gomma Plastica Progetto Zefiro Project Zephyr Progetto Iride Project Iris
Source: ipe.com

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