# Danaprev

Danaprev is a Pension Fund based in Gravataí, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Gravataí, Brazil
- **Region:** South America
- **Address:** Gravataí, RS, Brazil
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** portalprev.com.br

## Regulatory record

- **Reports private funds:** No

## About

Danaprev was founded in 1991 as a non-profit closed complementary pension entity, sponsored exclusively by Dana Indústrias Ltda and Dana SAC South America Indústria e Comércio de Transmissões Ltda. The fund serves employees of the Dana Group in Brazil, operating from Gravataí in Rio Grande do Sul. Its governance is tied to Brazil's regulatory framework for closed pension entities, with membership in both Abrapp, the national association, and Tchê Previdência, the regional association for Rio Grande do Sul. Danaprev manages a retirement portfolio concentrated almost entirely in Brazilian fixed-income vehicles. Confirmed allocations include the Western Asset Tropical, BTG Pactual Tropical, and Capitânia Alfa fixed-income funds. The fund's investment posture is constrained by its closed architecture and the conservative liability-matching requirements typical of corporate pension plans in Brazil. It does not publicly report pursuing direct equity, venture capital, or international exposure. The institution is a small entity by global pension standards, with an estimated total asset base significantly below $100 million. Its sole identified director is Simone Teixeira Lovera. Adjacent structures beyond the core pension plan are not publicly documented, and the fund maintains a low visibility profile, consistent with its defined-benefit obligations to a specific industrial workforce. Danaprev's structural differentiator is its closed, single-sponsor architecture. Unlike large Brazilian public pension funds or multi-employer plans, Danaprev's asset pool is entirely captive to the Dana industrial group's local subsidiaries, tying its liability stream and investment horizon directly to the longevity and employment cycles of a single multinational's Brazilian operations.

## Sectors

- Fixed Income

## People

- Simone Teixeira Lovera — Director

## Questions

### Who sponsors Danaprev?

Danaprev is sponsored exclusively by two Brazilian subsidiaries of the Dana Group: Dana Indústrias Ltda and Dana SAC South America Indústria e Comércio de Transmissões Ltda. The fund was established in 1991 to provide retirement benefits to the employees of these sponsoring entities. It operates as a non-profit closed complementary pension entity under Brazilian law.

### How large is Danaprev's asset base?

Danaprev does not publicly disclose its assets under management. Based on limited available data and its status as a single-sponsor plan for a specific industrial workforce in southern Brazil, it is estimated to be a small pension fund with total assets substantially below $100 million.

### Who runs Danaprev?

Simone Teixeira Lovera is identified as a director and key representative of Danaprev. Beyond this role, the fund's governance structure and whether it employs an external investment committee or board beyond its sponsor representatives is not publicly documented.

### Is Danaprev open to external members or participants from outside Dana?

No. Danaprev is a closed complementary pension entity, meaning membership is restricted to eligible employees of its sponsoring companies — Dana Indústrias Ltda and Dana SAC South America. It does not accept participants from outside the Dana Group.

### How is Danaprev regulated?

Danaprev operates within Brazil's regulatory framework for closed private pension entities, overseen by PREVIC (Superintendência Nacional de Previdência Complementar). It is a member of Abrapp, the national industry association for closed pension funds in Brazil, and Tchê Previdência, the regional association for entities in Rio Grande do Sul.

### Does Danaprev have any international investments?

There is no public evidence that Danaprev holds international assets. Its known holdings are concentrated in Brazilian-domiciled fixed-income funds managed by Western Asset, BTG Pactual, and Capitânia, all within the local market. This aligns with the conservative, liability-focused mandates of small corporate pension funds in Brazil.

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- [The Varrier-Jones Foundation](https://altss.com/profile/the-varrier-jones-foundation)
- [Paul and Carol David Foundation](https://altss.com/profile/paul-and-carol-david-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/danaprev

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