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Pension

Fonds de Réserve pour les Retraites

Public pension fund1Paris.

Overview

The FRR describes itself as a French public administrative establishment whose mission is to invest and optimize returns on funds entrusted by public authorities to help finance the pension system.1

Fonds de Réserve pour les Retraites's pension assets support retirement benefit obligations for plan participants.1

Investment program

Estimated AUM
$22.4B as of Dec 31, 20241
Capital pool
Public pension fund1
Investment model
En savoir plus → Manager Selection Committee It is composed of four independent members subject to ethical rules arising from their functions.2
Investment approach
En savoir plus → Finance Division It comprises two departments: Asset Allocation and Delegated Management and Responsible Investment.1
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: private equity, venture capital, real estate, infrastructure, public markets, fixed income.1
Performance
Not listed yet
Governance
About Organization & Governance The FRR is the only EPA* with a Supervisory Board and an Executive Board.1
Investment team
The four qualified individuals composing the CSG are: CSG Member Anne Courrier has spent her entire career in asset management: as a portfolio manager then as head of management companies (BDF Gestion, Fédéris Gestion d'actifs), or as investment director at institutional investors (Fonds de Réserve pour les Retraites, Malakoff-Humanis, Groupe VYV).3
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (fondsdereserve.fr)Parent organization overview, Pool purpose, Capital pool, Estimated AUM, Investment approach, Asset allocation, Governance · checked Aug 6, 2026
  2. Website (fondsdereserve.fr)Investment model · checked Jul 25, 2026
  3. Website (fondsdereserve.fr)Investment team · checked Jul 25, 2026
  4. Website (fondsdereserve.fr)Investment office page · checked Jul 25, 2026

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