# ITUPREV

ITUPREV is a Pension Fund based in Itu, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Itu, Brazil
- **Region:** South America
- **Address:** Itu, São Paulo, Brazil
- **Founded:** 2010
- **Assets under management:** Under $500M (Altss estimate)
- **Website:** ituprev.sp.gov.br
- **LinkedIn:** https://www.linkedin.com/company/ituprev

## Regulatory record

- **Reports private funds:** No

## About

Founded in 2010 as an autonomous non-profit entity, ITUPREV manages the social security system for municipal public servants in Itu, São Paulo. Superintendent Ruy Jacques Ceconello leads day-to-day operations, while Luciana de Araújo Horácio Correa presides over the board of administration. The mayor of Itu serves as the ultimate appointing authority, embedding the institute directly within the city's governance structure rather than operating as an arm's-length investment vehicle. ITUPREV's asset base is concentrated in direct real estate holdings, primarily undeveloped residential land scattered across Itu. Known parcels include Residencial Parque América, Altos da Vila Nova, and Parque Residencial Medici. The fund also holds a portfolio of mixed-use assets and a specific property on Avenida Antonio Gazzola. The institute maintains active affiliations with two professional networks — APEPREM, the São Paulo state association for municipal and state pension entities, and ABIPEM, the Brazilian national association for state and municipal pension institutions. These memberships provide a conduit for best-practice sharing in a fragmented public pension landscape. No recent operational event or personnel change from the last 24 months has been publicly documented. ITUPREV's structural differentiator is the extreme localization of its portfolio. Unlike larger Brazilian public pension funds that diversify across asset classes and geographies, ITUPREV's balance sheet is visibly tied to Itu's physical footprint — a governance choice that intertwines the retirement security of city workers with the municipality's own land-use patterns and real estate market dynamics.

## Sectors

- Real Estate
- Timber

## People

- Ruy Jacques Ceconello — Superintendent
- Luciana de Araújo Horácio Correa — Board President
- Guilherme dos Reis Gazzola — Mayor of Itu (Appointing Authority)

## Questions

### Who runs investment decisions at ITUPREV?

Superintendent Ruy Jacques Ceconello serves as the chief executive of ITUPREV. The board of administration, presided over by Luciana de Araújo Horácio Correa, oversees governance, while the mayor of Itu holds the power to appoint leadership. Day-to-day investment execution is managed internally at the institute.

### How is ITUPREV's portfolio structured?

The portfolio is concentrated in direct real estate holdings within Itu, São Paulo. Identified assets include residential land parcels such as Residencial Parque América, Altos da Vila Nova, and Parque Residencial Medici. The fund has also flagged growth assets and timber as strategic interests.

### Is ITUPREV's AUM publicly disclosed?

No. ITUPREV does not publish its assets under management. Altss estimates the figure falls under $500M based on the scale of the municipality and the known real estate portfolio.

### What professional networks does ITUPREV participate in?

ITUPREV is a member of APEPREM, the São Paulo state association for municipal and state pension entities, and ABIPEM, the Brazilian national association. These networks provide a forum for governance practices and regulatory engagement among Brazil's fragmented public pension institutions.

## Related profiles

- [Fondazione Carige](https://altss.com/profile/fondazione-carige)
- [Wadham College, Oxford University](https://altss.com/profile/wadham-college-oxford-university)

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Last updated: 2026-08-11T02:43:31.692Z

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

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