ACEPREV

ACEPREV

ACEPREV was established in April 1995 by Acesita S.A. as a non-profit closed complementary pension entity. It manages plans that supplement Brazil's general social security regime. The main sponsor remains Aperam South America, with additional plan sponsorship from Aperam BioEnergia. The fund allocates to private equity, infrastructure, real estate, and natural resources. Confirmed positions include commitments to Lightrock Latam Fund I Brasil FIP, Patria Infra IV Feeder-B, Spectra V Institucional FIP, Signal Capital Fundo de Fundos II, and Kinea Private Equity IV. It also holds interests in FII CENESP, a São Paulo commercial real estate fund, and Lacan Florestal III, a timberland vehicle. Geographic exposure centers on Brazil with additional Latin American reach through the private equity funds. ACEPREV reports 3.92 percent of assets in private equity. It maintains membership in Abrapp and the GRI Institute. The firm attended the Congresso Brasileiro de Previdência Privada in São Paulo in October 2024. Service providers include Deloitte Touche Tohmatsu as external auditor and BB Asset Management for investment administration. ACEPREV operates as a sponsor-backed pension entity with governance tied to Aperam South America. Investment decisions flow through a deliberative council and executive directors rather than a single family principal. This structure separates plan administration from the sponsor's operating businesses while retaining direct oversight of benefit obligations.