# FACHESF

FACHESF is a Pension Fund based in Recife, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Recife, Brazil
- **Region:** South America
- **Address:** Rua Padre Carapuceiro, 733, Boa Viagem – 12º andar, Recife, Pernambuco, Brazil
- **Founded:** 1972
- **Assets under management:** 1.8B (Altss estimate)
- **Website:** fachesf.com.br
- **LinkedIn:** https://br.linkedin.com/company/fachesf

## Regulatory record

- **Reports private funds:** No

## About

FACHESF was established in 1972 as the complementary pension entity for Chesf employees. The fund's structure remains tied to its sponsoring utility parent, now under Eletrobras ownership. Capital deploys across private equity funds, real estate, and fixed income instruments. Confirmed holdings include commitments to FIP Terra Viva, Brasil Energia Renovável FIP, Lacan Florestal II FIP and Spectra IV Brasil FIP. Geographic focus stays within Brazil, with additional public positions in B3-listed fixed income funds such as BTG FACHESF IMA B 5 FIF RF RL. The organization employs 201 professionals and relocated its headquarters to Empresarial Center 1 in Boa Viagem, Recife in August 2025. It maintains membership in Abrapp and sponsored the EPINNE-EPB event in July 2024. A health management operator, Luminar, was spun off from Fachesf operations in 2024. Governance links directly to the sponsoring employer Chesf, with investment decisions executed through external advisors including Aditus Consultoria and audited by Deloitte. This sponsor-tied model shapes mandate boundaries and liquidity requirements differently from independent asset owners.

## Sectors

- Diversified
- Energy & Utilities
- Real Estate
- Private Equity

## Questions

### Who sponsors FACHESF?

Chesf, a subsidiary of Eletrobras, serves as the founding sponsor of the pension fund.

### What asset classes does FACHESF allocate to?

The fund holds positions in private equity funds, real estate, and fixed income instruments including IPCA-linked government bonds.

### Does FACHESF maintain an ESG policy?

Yes. The firm integrates a formal ASG policy into its annual investment guidelines and participates in the Carbon Disclosure Project.

### Which private equity vehicles has FACHESF committed to?

Confirmed commitments include FIP Terra Viva, Brasil Energia Renovável FIP, Ória Tech 1 FIP, Lacan Florestal II FIP, and Spectra IV Brasil FIP.

### Where does FACHESF custody its assets?

BNY Mellon Banco S.A. acts as custodian for the pension plans.

## Related profiles

- [County of San Luis Obispo](https://altss.com/profile/county-of-san-luis-obispo)
- [Integral Stiftung](https://altss.com/profile/integral-stiftung)

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

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

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