# Integracion AFAP

Integracion AFAP is a Pension Fund based in Montevideo, Uruguay.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Montevideo, Uruguay
- **Region:** South America
- **Address:** Bvar. Artigas 1253, Montevideo, 11200
- **Founded:** 1996
- **Assets under management:** 1357 (Altss estimate)
- **Website:** www.integracionafap.com.uy
- **LinkedIn:** https://uy.linkedin.com/company/integraci%C3%B3n-afap

## Regulatory record

- **Reports private funds:** No

## About

Integracion AFAP was founded in 1996 to administer individual retirement accounts under Uruguay’s pension system. Banco Itaú Uruguay S.A. holds majority ownership. The firm invests worker contributions with a mandate focused on security and local-market returns. Deployment centers on Uruguayan government debt and alternative assets. Positions include inflation-linked treasury notes, Fideicomiso Financiero Inmobiliario Península for residential and commercial development in Montevideo and Punta del Este, and multiple energy and infrastructure trusts. Additional holdings cover agriculture through Fideicomiso Financiero Forestal Bosques del Uruguay and Fideicomiso Financiero de Tierras Irrigadas. All activity remains inside Uruguay. The firm employs 53 professionals at its Montevideo headquarters. It participates in ANAFAP and FIAP industry groups. KPMG has served as external auditor since 2015. Banco Itaú Uruguay provides ongoing investment advisory services. No operational events from the last 24 months appear in available records. Governance ties to Banco Itaú Uruguay shape investment access and oversight. The structure channels capital exclusively through regulated Uruguayan vehicles rather than external fund commitments.

## Sectors

- Real Estate
- Infrastructure
- Agriculture
- Energy
- Government Bonds

## Questions

### Who owns Integracion AFAP?

Banco Itaú Uruguay S.A. is the majority shareholder and founder.

### What asset classes does Integracion AFAP hold?

The portfolio includes Uruguayan treasury notes, real estate development trusts, energy projects, agricultural land vehicles, and road infrastructure fideicomisos.

### Does Integracion AFAP invest outside Uruguay?

All disclosed holdings and trusts are located inside Uruguay.

### Which industry associations does Integracion AFAP belong to?

The firm is a member of ANAFAP, the Uruguayan pension fund association, and FIAP, the international federation of pension administrators.

### Who provides audit and legal services to Integracion AFAP?

KPMG has acted as external auditor since 2015. Ferrere provides legal counsel.

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

Canonical page: https://altss.com/profile/integracion-afap-sa

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