The Fonds de Réserve pour les Retraites (FRR) is a state-owned investment fund established in 2001 to help ensure the long-term sustainability of France’s pay-as-you-go pension system by building and managing financial reserves on behalf of the public. Operating as an institutional investor, the FRR receives funds from public authorities and invests them across global financial markets with the objective of generating prudent, long-term returns that can be used to offset future pension deficits, particularly those linked to demographic pressures such as population aging. Over time, its role has evolved to include contributions to social debt financing, while maintaining a strong focus on res...
Asset class
Impact theme
Investment geographies
