# Bandeprev

Bandeprev is a Pension Fund based in Recife, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Recife, Brazil
- **Region:** South America
- **Address:** Rua Padre Carapuceiro, 733 - 7º Andar - Boa Viagem, Recife, PE, Brazil
- **Assets under management:** 400 (Altss estimate)
- **Website:** www.bandeprev.com.br

## Regulatory record

- **Reports private funds:** No

## About

Bandeprev was established to administer complementary pension benefits for former employees of Banco do Estado de Pernambuco. The entity now operates under sponsorship from Banco Santander (Brasil) S.A. and is undergoing incorporation into SantanderPrevi. The fund deploys capital across commercial real estate in Recife, industrial and logistics properties throughout Brazil, parking assets, and participant loans valued at $17 million. Public market holdings include an Ibovespa-basket equity portfolio estimated at $44 million and $350 million in NTN-B and LFT government bonds. Private holdings encompass a fully owned multimercado fund and limited-partner exposure to a diversified FIP. Geographic reach centers on Brazil with primary concentration in Pernambuco. Service providers include PricewaterhouseCoopers as independent auditor since 2018 and Vinci Partners, Brasil Plural, and Banco Fator as asset managers since 2016. In July 2024 Bandeprev sponsored the EPINNE-EPB event in Recife focused on EFPC investment strategies. The fund maintains relationships with ASFABE and UniBandeprev for participant representation during the incorporation process. Bandeprev functions as a closed pension vehicle whose assets and beneficiaries are being absorbed by SantanderPrevi, creating a defined wind-down path rather than an ongoing open mandate.

## Sectors

- Real Estate
- Fixed Income
- Private Equity

## Questions

### What is the status of Bandeprev's incorporation?

SantanderPrevi is absorbing Bandeprev's assets and beneficiaries through an ongoing incorporation process.

### Which asset classes appear in Bandeprev's portfolio?

Holdings include commercial real estate, industrial properties, participant loans, Brazilian public equities, and government bonds.

### Does Bandeprev commit to external funds?

The fund holds limited-partner exposure to a diversified private equity FIP alongside direct real estate and fixed-income positions.

### Where does Bandeprev concentrate its real estate investments?

Commercial properties and parking assets are located primarily in Recife with industrial warehouses held across Brazil.

## Related profiles

- [Archean Capital Partners](https://altss.com/profile/archean-capital-partners)
- [FJC Foundation](https://altss.com/profile/fjc-foundation)

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

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

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