Solidarietà Veneto, a $1.5 billion Italian pension fund, will add allocations to infrastructure and real estate in an effort to diversify its investment portfolio, several media sources have reported.
Citing success in its private market investments, the firm was ready to build out its alternative assets portfolio.
The pension fund board is planning to gradually increase the share allocated to its alternative investment portfolio, which would incorporate real estate and infrastructure. It also will increase its percentage of equities within its dynamic fund portfolio.
“The intention is to compensate for the greater volatility deriving from the increase in the shareholding, with a deeper diversification and a more effective risk/return ratio, which will benefit the young people associated with this line,” the fund said.
Solidarietà has not disclosed how much of the total portfolio comprises alternative assets.
