# Braslight

Braslight is a Pension Fund based in Rio de Janeiro, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Rio de Janeiro, Brazil
- **Region:** South America
- **Address:** Avenida Marechal Floriano 19 7º Andar, Rio de Janeiro, RJ, Brazil, 20080-003
- **Founded:** 1974
- **Assets under management:** 3800 (Altss estimate)
- **Website:** braslight.com.br
- **LinkedIn:** https://br.linkedin.com/company/fundacaobraslight

## Regulatory record

- **Reports private funds:** No

## About

Fundação de Seguridade Social Braslight was established in 1974 to manage pension benefits for employees of Light S.A., the Rio de Janeiro electricity distributor. The foundation operates as a closed-end entity under Brazilian pension regulations and reports directly to participant representatives through the Associação de Participantes da Braslight. Braslight allocates across private equity, real estate, and credit strategies. Confirmed positions include a minority stake in Via Parque Shopping through its dedicated FII vehicle, holdings in RB Capital Petros FII, and exposure to FIP Phoenix. The portfolio also contains court-ordered receivables and a dedicated FIDC structure for receivables management. Allocations remain domestic, with primary activity in Rio de Janeiro and broader Brazil. The foundation employs external managers including Itaú Asset Management and SulAmérica Investimentos for portions of the book. It maintains membership in ABRAPP and retains Ernst & Young as independent auditor. A quarterly results presentation to APB occurred in January 2026. Braslight functions as the captive pension administrator for its founding sponsor Light S.A., creating a direct governance link between the utility's workforce obligations and the foundation's investment decisions rather than operating as an open multi-employer vehicle.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## People

- Luciano Molter de Pinho Grosso — President

## Questions

### Who runs investment decisions at Braslight?

Luciano Molter de Pinho Grosso serves as president. External managers Itaú Asset Management and SulAmérica Investimentos handle day-to-day portfolio execution under foundation oversight.

### Does Braslight participate in fund commitments or only direct deals?

Braslight uses both structures. It holds positions in FII vehicles and FIP Phoenix while also maintaining direct ownership in assets such as Via Parque Shopping and court-ordered receivables.

### What is Braslight's known posture on co-investments alongside external GPs?

Braslight maintains a co-investment strategy alongside its fund holdings, evidenced by direct stakes in real estate and credit vehicles.

### How is Braslight related to Light S.A.?

Light S.A. founded Braslight in 1974 and remains the primary sponsor whose employees receive the pension benefits administered by the foundation.

## Related profiles

- [Alabama Trust Fund](https://altss.com/profile/alabama-trust-fund)
- [Invus Financial Advisors](https://altss.com/profile/invus-financial-advisors)

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

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

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