# Fundo Parana

Fundo Parana is a Pension Fund based in Curitiba, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Curitiba, Brazil
- **Region:** South America
- **Address:** Curitiba, Paraná, Brazil
- **Assets under management:** 106.9 (Altss estimate)
- **Website:** www.fundoparana.com.br
- **LinkedIn:** https://linkedin.com/company/fundo-parana-de-previdencia-multipatrocinada

## Regulatory record

- **Reports private funds:** No

## About

Fundo Parana was created to channel a fixed share of state revenue into science and technology programs. Joel Malucelli, founder of the J Malucelli Group, launched the vehicle that now operates under Seti oversight. The fund finances scholarships, laboratory equipment, and applied research projects. Capital is deployed inside Paraná through grants and institutional partnerships rather than external fund commitments. Geographic focus remains the state of Paraná with limited activity elsewhere in Brazil. Team size and office locations beyond Curitiba headquarters are not publicly detailed. The fund maintains formal ties to the Associação Comercial do Paraná and ASFUNPAR. No operational events from the last 24 months appear in available records. Fundo Parana functions as a dedicated state instrument whose mandate is written into Paraná budget law, creating a direct link between tax collections and research spending that most pension vehicles lack.

## Sectors

- Education

## People

- Joel Malucelli — Founder

## Questions

### Who runs investment decisions at Fundo Parana?

Joel Malucelli founded the fund and shaped its initial mandate. Day-to-day allocation authority sits with the Secretary of Science, Technology and Higher Education.

### How does Fundo Parana source deal flow?

Projects arrive through public calls issued by Seti and through partnerships with state universities and research institutes.

### Does Fundo Parana participate in fund commitments or only direct deals?

The fund makes direct grants and project financing. No external fund commitments are recorded.

### Where does the underlying capital come from?

Two percent of Paraná state tax revenue is transferred automatically under the fund's enabling statute.

### What investment stages does Fundo Parana target?

The mandate covers applied research and early-stage technology development inside academic and institutional settings.

## Related profiles

- [The Blackstone Charitable Foundation](https://altss.com/profile/the-blackstone-charitable-foundation)
- [Exeter College (Oxford) Endowment](https://altss.com/profile/exeter-college-oxford-endowment)

---

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

Canonical page: https://altss.com/profile/fundo-parana

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