# Baneses

Baneses is a Pension Fund based in Vitória, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Vitória, Brazil
- **Region:** South America
- **Address:** Av. Princesa Isabel, 574 – Ed. Palas Center Block A, 16th Floor, Centro, Vitória, ES, Brazil
- **Founded:** 1972
- **Assets under management:** 412 (Altss estimate)
- **Website:** baneses.com.br

## Regulatory record

- **Reports private funds:** No

## About

Baneses was founded in 1972 as a non-profit private pension fund sponsored by Banestes S.A. and Banestes Seguros S.A. It provides retirement benefits to employees of the sponsoring institutions in Espírito Santo state. The fund allocates 1.11 percent to private equity and holds positions in BRZ Investimentos and Brasil Portos Ativos Logísticos FIP. Its largest disclosed holding is approximately $301 million in federal inflation-linked bonds (NTN-B). Additional exposure includes a direct equity stake in sponsor Banestes S.A. valued at roughly $14.8 million and a diversified real estate portfolio valued at $9.2 million. All investments remain within Brazil. Baneses maintains membership in Abrapp and holds a seat on the association's Fiscal Council for the 2025-2027 term. It also supports the Fundação Abrinq "Adotei um Sorriso" program focused on child welfare in Brazil. The fund lists an investment horizon of five to twenty years and maintains an ESG Action Plan aligned with CMN Resolution 4.994. Baneses operates under a closed pension structure tied directly to its bank sponsor, with investment decisions executed through advisor BRZ Investimentos since 2014.

## Sectors

- Private Equity
- Real Estate
- Fixed Income

## People

- Carla Barreto — Diretora Superintendente

## Questions

### Who runs investment decisions at Baneses?

Carla Barreto serves as Diretora Superintendente. The fund retains BRZ Investimentos as its primary investment advisor since 2014.

### What asset classes does Baneses allocate to?

The fund holds fixed income, real estate and a 1.11 percent allocation to private equity through Brazilian FIP vehicles.

### Does Baneses invest outside Brazil?

All disclosed holdings and strategies remain within Brazil.

### How is Baneses governed?

It functions as a closed pension fund sponsored by Banestes S.A. and maintains membership and governance roles within Abrapp.

### What is Baneses known posture on ESG?

The fund maintains an ESG Action Plan and a Social, Environmental, and Climate Responsibility Policy aligned with Brazilian central bank rules.

## Related profiles

- [Enerprev](https://altss.com/profile/enerprev)
- [Milton Academy Endowment](https://altss.com/profile/milton-academy-endowment)

---

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

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

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