# REDD+ Tocantins Jurisdictional Program

REDD+ Tocantins Jurisdictional Program is a Pension Fund based in Palmas, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Palmas, Brazil
- **Region:** South America
- **Address:** Teotônio Segurado Avenue, 302 North QI-01 Alameda 05, Lot 02-03, s/n - North Master Plan, Palmas, TO, Brazil
- **Founded:** 1989
- **Assets under management:** Undisclosed
- **Website:** www.to.gov.br

## Regulatory record

- **Reports private funds:** No

## About

IGEPREV was established in 1989 to administer pension plans for public sector employees of the State of Tocantins. The REDD+ program operates under the state government with Marcello Lelis as the primary architect. The portfolio allocates to private equity, real estate, and carbon credits. Confirmed holdings include a 60-property portfolio recovered via legal settlement from Viaja Brasil Private Equity, positions in Conquest FIP and BR Hotéis FII, and 50 million metric tons of jurisdictional REDD+ credits. Geographic exposure centers on Tocantins with additional properties in Rio de Janeiro, Minas Gerais, São Paulo, Paraná, and Goiás. Service providers include Mercuria Energy Group for carbon credit trading since 2023 and Banco Master for custody. Total reported assets stand at $912 million. The organization maintains membership in ART-TREES for credit certification. November 2024: Participated as speaker at COP29 on jurisdictional REDD+ and forest finance. Additional offices are not disclosed. The program sits inside the state government structure with direct oversight from the Governor of Tocantins, creating a hybrid public-pension vehicle that combines regulatory authority over deforestation with pension capital deployment.

## Sectors

- ClimateTech
- Real Estate

## People

- Bárbara Gomes — President of IGEPREV
- Marcello Lelis — State Secretary for Environment and Water Resources

## Questions

### Who runs investment decisions at REDD+ Tocantins Jurisdictional Program?

Marcello Lelis serves as the key architect through his role as State Secretary for Environment and Water Resources. Bárbara Gomes acts as President of IGEPREV, the pension entity executing the program.

### Does the program participate in fund commitments or only direct deals?

Holdings include limited partner positions in Conquest FIP and BR Hotéis FII alongside direct ownership of recovered real estate and carbon credits.

### What is the known posture on co-investments alongside external GPs?

The program has held limited partner stakes in Brazilian private equity vehicles including Viaja Brasil FIP, now subject to litigation recovery efforts.

### How is the program related to the State of Tocantins government?

The Governo do Estado do Tocantins is the founder and ultimate owner of both IGEPREV and the REDD+ program.

## Related profiles

- [ChinaEquity Group](https://altss.com/profile/chinaequity-group)

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

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