# Loreto Mutua

Loreto Mutua is a Pension Fund based in Madrid, Spain.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Paseo de la Castellana 40, 28046 Madrid, Spain
- **Founded:** 1970
- **Assets under management:** 1324 (Altss estimate)
- **Website:** www.loretomutua.com
- **LinkedIn:** https://es.linkedin.com/company/loreto-mutua-m-p-s

## Regulatory record

- **Reports private funds:** No

## About

Loreto Mutua was founded in 1970. Pedro Alonso Miranda serves as president. The firm administers the public supplementary pension scheme and multiple pension plans for Spanish participants. The portfolio mixes fixed income, equities and treasury instruments through plans such as Loreto Óptima and Loreto Empresas. Real estate assets include the headquarters at Paseo de la Castellana 40 and additional commercial floors on Calle Quevedo, both in Madrid. Holdings extend to renewable energy via Haize Energías Renovables and minority stakes in consumer goods through Bodegas Cepa 21. All positions remain within Spain. Thirteen professionals operate from the single Madrid office. The firm maintains 100 percent ownership of Loreto Inversiones SGIIC and Activos en Renta Capital. In June 2024 it held its annual General Assembly to review results and strategy. It also sponsors the Premios Jon Aldecoa, an event focused on pension sustainability. Governance centers on a board led by the president with direct control over subsidiary operating businesses. This structure separates pension administration from the commercial real estate and private equity activities conducted through wholly owned vehicles.

## Sectors

- Diversified

## People

- Pedro Alonso Miranda — President of the Board of Directors
- Jon Aramburu Olañeta — General Manager
- Esther Carrillo — Head of Investments

## Questions

### Who runs investment decisions at Loreto Mutua?

Esther Carrillo serves as Head of Investments. Jon Aramburu Olañeta acts as General Manager. Pedro Alonso Miranda chairs the board.

### Does Loreto Mutua participate in fund commitments or only direct deals?

The firm holds direct real estate assets and operating companies. It also acts as limited partner in Arcalia Private Equity through a subsidiary.

### What asset classes appear in the portfolio?

Fixed income, equities and treasury assets sit inside the pension plans. Commercial real estate and private equity positions complete the allocation.

### Where does Loreto Mutua invest geographically?

All disclosed holdings and properties are located in Spain.

### How is Loreto Mutua related to its subsidiaries?

It owns 100 percent of Loreto Inversiones SGIIC and Activos en Renta Capital, which in turn hold further operating businesses.

## Related profiles

- [The Tepper Foundation](https://altss.com/profile/the-tepper-foundation)
- [Allegis Investment Services](https://altss.com/profile/allegis-investment-services-llc)

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

Canonical page: https://altss.com/profile/loreto-mutua

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