# SABESPREV

SABESPREV is a Pension Fund based in São Paulo, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** São Paulo, Brazil
- **Region:** Latin America
- **Address:** Alameda Santos, 1827, 14th Floor, Cerqueira César, São Paulo, SP, 01419-909, Brazil
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** sabesprev.com.br
- **LinkedIn:** https://br.linkedin.com/company/sabesprev

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1991, SABESPREV is a closed supplementary pension entity established to manage retirement and benefit plans exclusively for the employees of Companhia de Saneamento Básico do Estado de São Paulo (Sabesp). The fund's mandate is intrinsically tied to the payrolls and lifecycles of Sabesp's workforce, making it a structural fixture of the utility's long-term human-capital strategy. It operates under the regulatory supervision of PREVIC, the Brazilian government authority for closed pension funds. SABESPREV deploys capital across a diversified mix of asset classes typical of large Brazilian pension funds, including real estate, private equity, and private credit. Its direct real estate holdings include significant commercial properties in São Paulo, such as the Edifício José Bonifácio and the Edifício Panamby. A sizable in-house personal loan portfolio provides participants with a credit facility secured by future benefits, operating as a distinct fixed-income-like allocation that is unique to the Brazilian pension landscape. The fund is deeply integrated into Brazil's pension-industry infrastructure. It is a member of ABRAPP, the national association for closed pension entities, and Sindapp, the sector's union, which serve as primary conduits for advocacy and best-practice exchange. SABESPREV also participates in ANBIMA, signaling an alignment with broader Brazilian capital-market standards. Beyond pure investment management, the fund administers two outreach programs: a financial and retirement education program and the Programa Vida Plena, a quality-of-life initiative for retirees. No verifiable dated operational event is available for the last 24 months. SABESPREV's structural differentiator lies in its sponsor-concentrated liability profile. As a single-sponsor fund for a state-owned water utility, its actuarial health is directly correlated to the fiscal and operational performance of Sabesp. This union creates a governance model where the plan sponsor and the fund are counterparties in a long-duration covenant. The portfolio's dual function—providing both a retirement income stream and consumer credit to the same participant base—further distinguishes its architecture from a standard total-return pension portfolio.

## Sectors

- Real Estate
- Private Credit
- Private Equity

## Offices

- Conjunto Nacional Office, Av. Paulista, 2073, São Paulo, SP, 01311-300, Brazil

## People

- Roberto Affonso Anciães — President
- Marilia Paiva de Almeida — President of the Deliberative Council

## Questions

### Who is the sponsor of SABESPREV and how does it influence the fund?

SABESPREV is a single-sponsor pension fund established by the Companhia de Saneamento Básico do Estado de São Paulo (Sabesp), the state-owned water and sanitation utility. The fund exclusively serves Sabesp employees, making its liability stream highly concentrated and directly linked to the utility's workforce size and compensation structure. This relationship means SABESPREV's actuarial assumptions and contribution levels are negotiated with a single, state-controlled counterparty.

### What role does SABESPREV play in Brazilian pension-fund associations?

SABESPREV is an active member of ABRAPP, the primary industry association for closed supplementary pension funds in Brazil, and Sindapp, the national union for these entities. It is also a member of ANBIMA, the Brazilian financial and capital markets association, which signals adherence to industry self-regulation and best-practice codes for asset management and custody.

### What property assets does SABESPREV hold directly?

The fund holds direct ownership of at least two significant commercial office buildings in São Paulo: the Edifício José Bonifácio and the Edifício Panamby. It also occupies its own headquarters space on Alameda Santos and maintains an additional office in the Conjunto Nacional on Avenida Paulista, a trophy commercial corridor.

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

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