# FUNDACAO CORSAN

FUNDACAO CORSAN is a Pension Fund based in Porto Alegre, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Porto Alegre, Brazil
- **Region:** South America
- **Address:** Rua Dona Laura, 320, conjunto 1201 Rio Branco, Porto Alegre, RS, Brazil
- **Founded:** 1980
- **Assets under management:** 387 (Altss estimate)
- **Website:** www.funcorsan.com.br
- **LinkedIn:** https://br.linkedin.com/company/funcorsan

## Regulatory record

- **Reports private funds:** No

## About

Fundação Corsan was established in 1980 as a closed supplementary pension entity serving Corsan staff. The fund began formal operations after authorization in 1979 and remains tied to the original sponsor through governance structures that include Sindiágua/RS representation on its Deliberative Council. The pension fund deploys capital into private equity via a limited partnership in Empreendedor Brasil FIP and holds three commercial office units in Porto Alegre. Additional positions include Fundo Quaraí fixed income, Fundo Uruguai fund-of-funds, IVVB11 S&P 500 ETF, and multimarket funds managed by Genoa Capital and Kinea. Allocations span Brazil with a small private equity stake in a domestic vehicle. The entity reports 386.73 million USD under management. It maintains membership in Abrapp and Tchê Previdência and attended industry events in Gramado and regionally during 2025 focused on pension accounting and technology. Service providers include Mirador Assessoria Atuarial for actuarial work and Sinqia for software. Governance links the fund directly to CORSAN as founder and to Aegea Saneamento as current controller of the sponsor, creating a sponsor-specific mandate with retiree co-investor input through AAFCORSAN.

## Sectors

- Private Equity
- Real Estate
- Fixed Income

## Questions

### What asset classes does Fundação Corsan hold?

The fund maintains positions in private equity through Empreendedor Brasil FIP, direct commercial real estate in Porto Alegre, Brazilian government bonds via Fundo Quaraí, multimarket funds, and an S&P 500 ETF.

### How is Fundação Corsan governed?

Sindiágua/RS holds elected seats on the Deliberative Council. AAFCORSAN represents retirees as a co-investor partner in governance matters.

### Does Fundação Corsan use external investment managers?

Yes. Genoa Capital and Kinea Investimentos serve as investment managers. Consultoria Salami Investimentos acts as investment advisor.

### What industry associations does Fundação Corsan belong to?

The entity is a member of Abrapp, the national association of closed pension funds, and Tchê Previdência, the regional network in Rio Grande do Sul.

## Related profiles

- [William T. Grant Foundation](https://altss.com/profile/william-t-grant-foundation)
- [Charles F. Kettering Foundation](https://altss.com/profile/charles-f-kettering-foundation)

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

Canonical page: https://altss.com/profile/fundacao-corsan

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology