# Brazilian Development Bank (BNDES)

Brazilian Development Bank (BNDES) is a Bank / Wealth / Trust based in Rio de Janeiro, Brazil.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Rio de Janeiro, Brazil
- **Region:** Latin America
- **Address:** Rio de Janeiro, Brazil
- **Assets under management:** 44200 (Altss estimate)
- **Website:** bndes.gov.br
- **LinkedIn:** https://www.linkedin.com/company/bndes

## Regulatory record

- **Reports private funds:** No

## About

Brazilian Development Bank (BNDES) is a state-owned bank associated with the Brazilian Ministry of the Economy. BNDES finances long-term economic activities and industries with socio-economic and environmental impact. It strengthens capital structures of private companies, mainly SMEs, and develops capital markets in Brazil.

## Sectors

- Development Finance
- Credit
- Investment

## Questions

### Who sets investment policy at BNDES?

Investment policy is determined by the bank's board and aligned with directives from Brazil's Ministry of the Economy.

### Does BNDES commit to external venture funds or make direct investments?

BNDES maintains both fund commitments and direct investment programs, with documented activity in venture capital.

### What is the primary geographic scope of BNDES deployments?

The large majority of capital stays within Brazil, with limited secondary exposure to other Latin American markets.

### How does BNDES incorporate environmental criteria?

Environmental impact forms an explicit part of the bank's stated mandate alongside socio-economic goals.

### Is BNDES open to co-investments with private GPs?

The bank has participated in co-investments and structured vehicles alongside private capital providers.

## Related profiles

- [Railpen](https://altss.com/profile/railpen)
- [ASGARD Independence Plan Division Two](https://altss.com/profile/asgard-independence-plan-division-two)

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Last updated: 2026-07-10T20:54:23.000Z

Canonical page: https://altss.com/profile/brazilian-development-bank-bndes

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