# FAELCE

FAELCE is a Pension Fund based in Fortaleza, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Fortaleza, Brazil
- **Region:** South America
- **Address:** Avenida Barão de Studart, 2700 - Dionísio Torres, Fortaleza, CE, Brazil
- **Founded:** 1980
- **Assets under management:** 320 (Altss estimate)
- **Website:** faelce.com.br
- **LinkedIn:** https://www.linkedin.com/company/faelce

## Regulatory record

- **Reports private funds:** No

## About

FAELCE was created in 1980 as the closed pension entity sponsored by Coelce, now Enel Brasil. David Augusto de Abreu serves as board president; Carlos César Moreira Padilha holds the administrative and financial director post. The foundation’s mandate remains delivery of pension benefits to current and former employees of the utility. Assets total approximately $320 million. Positions include the exclusive fixed-income fund Faelce Jeri administered by Bradesco, a 0.19 percent interest in Kinea Private Equity II, and participatory debentures of Vale S.A. Additional exposures sit in multimarket funds run by Absolute Gestão and Bahia Asset Management. All investments remain domiciled in Brazil. The foundation also carries a $3.3 million loan book extended directly to participants. FAELCE owns two commercial buildings in Fortaleza: the former Coelce headquarters on Rua Padre Valdevino and its current administrative site on Avenida Barão de Studart. It belongs to Abrapp, the national association of closed pension funds, and attended the 2023 Abrapp congress. Service providers include Bradesco as custodian and multiple auditors over the last decade. Governance ties the foundation directly to its sponsor Enel Brasil through the Plano BD and Plano CD vehicles, with investment decisions executed inside those plan structures rather than through external discretionary mandates.

## Sectors

- Diversified

## People

- David Augusto de Abreu — President of the Board of Directors
- Carlos César Moreira Padilha — Administrative and Financial Director

## Questions

### Who runs investment decisions at FAELCE?

David Augusto de Abreu chairs the board; Carlos César Moreira Padilha serves as administrative and financial director. Decisions occur inside the Plano BD and Plano CD plan vehicles.

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

The foundation holds both: a limited-partner interest in Kinea Private Equity II and exclusive fixed-income funds managed by SulAmérica and Bradesco.

### What asset classes appear in the portfolio?

Holdings include Brazilian fixed-income funds, multimarket funds, private equity via Kinea, Vale participatory debentures, and a participant loan book.

## Related profiles

- [Newport Capital Group (NCG)](https://altss.com/profile/newport-capital-group-ncg)
- [Regina Police Pension Plan](https://altss.com/profile/regina-police-pension-plan)

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

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

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