# BIRIGUIPREV

BIRIGUIPREV is a Pension Fund based in Birigui, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Birigui, Brazil
- **Region:** South America
- **Address:** Rua Dos Fundadores, 355 - Centro, Birigui, SP, 16200-040, Brazil
- **Founded:** 2002
- **Assets under management:** Under $100M (Altss estimate)
- **Website:** biriguiprev.sp.gov.br

## Regulatory record

- **Reports private funds:** No

## About

BIRIGUIPREV was established in 2002 as the autonomous social security institute for the Municipality of Birigui, replacing the federal INSS regime for local statutory employees. The fund administers retirement, survivor, and sickness benefits mandated by Brazilian municipal law, funded by contributions from the city government and its active workforce. Unlike larger state-level funds, it operates as a single-employer plan with a narrow beneficiary base, which concentrates its risk profile. Its investment portfolio must comply with CMN Resolution 4,963, the regulatory framework governing RPPS asset allocation in Brazil. This restricts the fund primarily to highly rated government bonds, with incremental allocations permitted to Brazilian equities, investment-grade corporate credit, and real-asset instruments such as FIIs (real estate investment trusts). Public records indicate a conservative posture typical of smaller municipal funds, with the bulk of assets held in mark-to-market federal securities and local bank deposits. Professionally, the fund participates in state and national industry associations, including APEPREM and ABIPEM, which provide governance training and peer benchmarking against other municipal RPPS entities across São Paulo and Brazil. The former superintendent, Daniel Leandro Boccardo, previously served as President of APEPREM, signaling an unusually active role in sector governance for a fund of this size. No dedicated alternative investment vehicles, co-investment clubs, or operating businesses are affiliated with the institute. Structurally, BIRIGUIPREV differs from a corporate pension or a multi-employer fund in that it is a direct instrument of municipal government, with its board typically comprising appointees representing the mayor's office, active employees, and retirees. This governance structure creates a direct political interface absent in most private-sector allocators, where investment decisions can intersect with municipal fiscal policy. Its primary challenge is actuarial: ensuring the contribution base of a mid-sized municipality keeps pace with a growing pool of beneficiaries over the next two decades.

## Sectors

- Fixed Income
- Public Equities
- Real Estate

## People

- Guiomar de Souza Pazian — Superintendent
- Daniel Leandro Boccardo — Former Superintendent

## Questions

### What is a Brazilian RPPS and how does BIRIGUIPREV fit into that system?

A RPPS (Regime Próprio de Previdência Social) is a standalone municipal or state pension regime in Brazil, separate from the federal INSS. BIRIGUIPREV is the RPPS for Birigui, São Paulo, established to manage retirement and pension benefits exclusively for the municipality's statutory employees. It collects contributions from both the employer and employees, invests them under CMN Resolution 4,963 rules, and pays out benefits directly.

### What does BIRIGUIPREV invest in?

Its portfolio must conform to the conservative guidelines of CMN Resolution 4,963 for RPPS funds, concentrating heavily in Brazilian sovereign bonds, followed by investment-grade corporate debt and listed equities. Smaller funds like BIRIGUIPREV often hold real-asset exposure through FIIs (real estate investment trusts) rather than physical property. Direct private equity or international assets are rare for an RPPS of this scale, as they must meet strict regulatory limits.

### How can an external GP approach BIRIGUIPREV?

Direct GP engagement is unlikely to yield a near-term investment because compliance with Resolution 4,963 limits illiquid allocations and requires formal procurement-like selection of fund managers. A more effective route is through consulting firms that aggregate small RPPS mandates, or through participation in APEPREM and ABIPEM conferences where the fund's board and superintendent network with peers and pre-screened local managers.

## Related profiles

- [Theresa and Edward O'Toole Foundation](https://altss.com/profile/theresa-and-edward-o-toole-foundation)
- [Bolton School](https://altss.com/profile/bolton-school)

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Last updated: 2026-08-11T02:43:31.692Z

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

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