Jona Manno

Jona leads the Alternatives practice at PFC, most of the time sourcing and selecting the investments and, if deemed aligned to strategic objectives, proposing them to the Investment Committee. He also substantially contributes to the definition and review of the overarching company strategy and strategic asset allocation, and oversees the relationships with shareholders, the external network and the fund managers. The Alternatives Team invests mostly in Private Equity buyout directs. They also invest in Private Equity buyout funds and Infrastructure Funds, and are exploring further asset classes such as Natural Capital and Life Sciences Venture Capital that could support their Impact objectives and desired risk/return profile. Jona’s most exciting current project is the design, set-up and implementation of the new investment strategy, revolving around the idea that impact and market returns can walk alongside each other. This is a years-long project and requires a huge shift in most of the company's areas, like internal culture, investment processes, strategic asset allocation, team composition, reporting frameworks. and stakeholder engagement. So far, the results are encouraging- considering the meaningful portfolio (alternative direct investment made in 2020-2021), they are delivering 20%+ IRR and are on track to hit expected financial returns, while delivering Impact at scale and contributing to change the world for the better.