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Fundo De Pensões Aberto Futuro XXI
Fundo De Pensões Aberto Futuro XXI is an open pension fund managed by Futuro SA, majority-owned by Montepio Geral, investing in Portuguese real estate and...
Fundo De Pensões Aberto Futuro XXI
Fundo De Pensões Aberto Futuro XXI functions as an open pension fund under the management of Futuro – Sociedade Gestora de Fundos de Pensões, S.A., a Portuguese fund manager. The fund was founded to provide a retirement savings vehicle for individual and corporate clients, with a dynamic investment profile aimed at younger participants. Strategy focuses on a mix of Portuguese real estate — notably via a Property Core Real Estate Fund — and cash and liquidity positions. The fund's manager also administers pension plans for corporate clients including Vista Alegre Atlantis, S.A. Geographic footprint is concentrated in Portugal. The fund manager is majority-owned by Montepio Geral Associação Mutualista (76.78%), with a minority stake held by ANA, S.A. (Aeroportos de Portugal) at 3.89%. The manager is a member of APFIPP, the national pension fund association. One structural differentiator is the fund's status as an open pension fund — a pooled vehicle accessible to multiple unrelated entities, distinct from single-employer pension plans. This structure allows smaller companies and individuals to participate in a professionally managed retirement portfolio.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Portugal
City
Lisboa
Corporate office
Lisboa, Portugal
Sector focus
Frequently asked questions
Who runs investment decisions at Fundo De Pensões Aberto Futuro XXI?
Investment decisions are made by Futuro – Sociedade Gestora de Fundos de Pensões, S.A., the fund manager. The specific investment committee or CIO is not publicly disclosed.
Is Fundo De Pensões Aberto Futuro XXI structured as a single-employer or open pension fund?
It is an open pension fund, meaning it is accessible to multiple unrelated individuals and companies for retirement planning. This is different from closed, single-employer pension plans.
How does the fund source proprietary deal flow?
The fund's investment activity is concentrated in Portuguese real estate and cash instruments. The manager, Futuro SA, likely accesses deals through its relationship with Montepio Geral and local networks, but specific sourcing mechanisms are not publicly detailed.
What investment stages does Fundo De Pensões Aberto Futuro XXI typically target?
As a pension fund with a dynamic profile, it targets diversified asset classes. Disclosed positions include a Property Core Real Estate Fund and cash equivalents, suggesting a focus on income-generating real estate and liquidity management rather than early-stage or venture investments.
How is the fund related to Montepio Geral Associação Mutualista?
Montepio Geral Associação Mutualista is the majority owner of Futuro SA, the fund manager, holding a 76.78% stake. This relationship provides the fund with support from a major Portuguese mutual association.
Does the fund maintain philanthropic structures, and how are they separated?
The broader Montepio group includes Fundação Montepio, a philanthropic foundation. The pension fund itself is a separate investment vehicle, and its assets are distinct from the foundation's charitable activities.
Which sectors does Fundo De Pensões Aberto Futuro XXI explicitly avoid?
The fund does not publicly disclose sector exclusions. Known investments are limited to Portuguese real estate and cash positions, but no explicit avoidance of sectors such as technology or energy has been stated by the manager.
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