Who owns Porvenir?
Porvenir is owned by Grupo Aval (Colombia, NYSE: AVAL).[1]
Grupo Aval owns 75.76% of Porvenir rather than all of it.
Evidence: Grupo Aval Acciones y Valores S.A. Annual Report on Form 20-F filed 2026-04-17, SEC EDGAR, 17 April 2026. Verified from filings; last checked .
Key facts
- Current owner
- Grupo Aval Acciones y Valores S.A. (75.76% stake) verified
- Owner HQ
- 🇨🇴 Colombia, Bogotá
- Origin
- 🇨🇴 Colombia
- Founded
- 1991
- Category
- Finance & insurance › Investing › Asset managers & funds
- Parent ticker
- NYSE: AVAL BVC: GRUPOAVAL BVC: PFAVAL
- Last verified
- · 1 sources
About Porvenir
Porvenir is Colombia's largest private manager of pension and severance funds, with 45.9 per cent of assets under management at the end of 2025. Banco de Bogotá and Banco de Occidente founded it in 1991 as a severance fund manager, and it added pensions in 1994 when the private pension system opened. Grupo Aval has controlled it directly since July 2021. In 2025, mandatory pension funds brought in 45.7 per cent of its revenue.
Ownership timeline of Porvenir
- Current owner Grupo Aval (75.76%) [1] verified Grupo Aval and its subsidiaries hold all of Porvenir's voting rights; Grupo Aval's economic interest is 75.76%, part of it held through Banco de Bogotá and Banco de Occidente.
Where Porvenir sits in Grupo Aval
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
- Banco AV Villas (79.87%)
- Banco de Bogotá (68.93%)
- Banco de Occidente (72.27%)
- Banco Popular (93.87%)
- Porvenir (75.76%)
Open the full Grupo Aval ownership tree →
See the full Grupo Aval brand portfolio (5) →
Other brands owned by Grupo Aval
Grupo Aval controls 5 brands on Brandtree, 5 of them in finance & insurance.
Also in finance & insurance
- Banco AV Villas (1972)
- Banco de Bogotá (1870)
- Banco de Occidente (1965)
- Banco Popular (1950)
Other brands in asset managers & funds, and who owns them
The 12 brands in asset managers & funds on Brandtree belong to 10 owners. The largest is IFS, with 2.
| Brand | Owner | Owner based in |
|---|---|---|
| Inteligo | IFS | 🇵🇪 Peru |
| Nippon Life India Asset Management | Nippon Life | 🇯🇵 Japan |
| Banchile | Banco de Chile | 🇨🇱 Chile |
| Prima AFP | Credicorp | 🇵🇪 Peru |
| AllianceBernstein | Equitable Holdings | 🇺🇸 United States |
| Fondos Fima | Grupo Galicia | 🇦🇷 Argentina |
| Supervielle Asset Management | Grupo Supervielle | 🇦🇷 Argentina |
| LIC Pension Fund | LIC of India | 🇮🇳 India |
About the owner: Grupo Aval
Grupo Aval is a publicly listed company headquartered in Bogotá, Colombia, founded in 1994. Brandtree records 5 brands under its control, and it is listed as NYSE: AVAL, BVC: GRUPOAVAL and BVC: PFAVAL.
Grupo Aval is the Bogotá holding company through which Luis Carlos Sarmiento Angulo controls four Colombian banks (Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas), the pension fund manager Porvenir and the merchant bank Corficolombiana. It was incorporated on 7 January 1994 and took its present name in 1998. Mr. Sarmiento Angulo beneficially owned 81.2 per cent of its share capital and 97.9 per cent of its votes in April 2026. Its ADSs have traded on the NYSE since 2014. It describes itself as Colombia's largest banking group by consumer loans. In March 2026 it completed the sale of Panama's Multibank to BAC Holding.
🇨🇴 Porvenir and other Colombian brands
Brandtree records a controlling owner for 108 brands that began in Colombia. 10 of them (9%) are now controlled by a company headquartered in another country; Porvenir is not one of them.
- Bancolombia — Grupo Cibest 🇨🇴
- Mibanco Colombia — Credicorp 🇵🇪
- Activade — Quala 🇨🇴
- Agua Cristal — Postobón 🇨🇴
- Aguila — AB InBev 🇧🇪
- Airplan — ASUR 🇲🇽
Frequently asked questions
Who is the parent company of Porvenir?
The parent company of Porvenir is Grupo Aval, a publicly listed company headquartered in Colombia.
Is Porvenir Colombian?
Yes. Porvenir originated in Colombia in 1991 and its owner, Grupo Aval, is also headquartered in Colombia.
Is Porvenir still owned by Grupo Aval?
Yes. As of 29 October 2026, Porvenir is still owned by Grupo Aval (75.76% stake). The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Grupo Aval Acciones y Valores S.A. Annual Report on Form 20-F filed 2026-04-17 — SEC EDGAR, SEC Form 20-F, published 17 April 2026; retrieved 28 October 2026.
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