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Fundação Atlântico
Fundação Atlântico de Seguridade Social was established in 2004 as a non-profit complementary social security entity in Rio de Janeiro. It was founded by Oi...
Fundação Atlântico
Fundação Atlântico de Seguridade Social was established in 2004 as a non-profit complementary social security entity in Rio de Janeiro. It was founded by Oi S.A. (formerly Telemar) and manages benefit plans, contributions, and loans primarily for Oi-associated participants. The fund's governance is layered under a Deliberative Council chaired by Daniel Junqueira, with fiscal oversight from members including Marco Norci Schroeder. The fund's asset pool stretches across Brazilian commercial real estate held via vehicles like Copart 4 and Copart 5 Participações, a domestic timberland fund, and significant labor credits against sponsor Oi S.A. This configuration is illiquid and balance-sheet heavy, grounded in direct corporate and natural resource holdings rather than external fund commitments. Sourcing is concentrated within sponsor-linked assets and local property exposures. The fund's participant base is linked to Oi and its historical workforce, served alongside health-services partner VidaClass. Fundação Atlântico signed the UN Principles for Responsible Investment in 2021 and is an investor member of the Carbon Disclosure Project. September 2023: Public records confirm the fund continued to hold Oi labor credits as part of its structured asset base, a residual position tied to the sponsor's judicial recovery process. Fundacião Atlântico's structure as a closed pension fund for a single sponsor undergoing judicial recovery creates an unusual risk footprint for an institutional allocator. Its investment posture is shaped by the need to support benefit obligations while managing concentrated exposure to Oi-related instruments, making it more a liability-management vehicle than a conventional diversified fund.
General information
Firm type
Pension Fund
Year founded
2004
Location
Region
South America
Country
Brazil
City
Rio de Janeiro
Corporate office
Rio de Janeiro, RJ, Brazil
Principals
Daniel Junqueira
President of the Deliberative Council
Thalles Eduardo Silva Gracelacio da Paixão
Member of the Deliberative Council
Marco Norci Schroeder
Member of the Fiscal Council
Sector focus
Frequently asked questions
Who makes the investment decisions at Fundação Atlântico?
The Deliberative Council, chaired by Daniel Junqueira, holds the highest governance authority over the fund's investment policy and asset allocation. Day-to-day management and execution are carried out by the fund's internal executive team. The Fiscal Council, which includes former Oi CEO Marco Norci Schroeder, provides independent oversight of financial operations.
How is Fundação Atlântico's portfolio shaped by its sponsor, Oi S.A.?
Oi S.A. is the primary sponsor and the source of its participant base. The fund's balance sheet includes labor credits owed by Oi, a position tied to the sponsor's judicial recovery proceedings. This concentrated exposure means the fund's financial health is directly linked to Oi's restructuring outcomes.
What asset classes does Fundação Atlântico invest in?
Its known allocations are direct and domestic: corporate real estate held through entities like Copart 4 and Copart 5 Participações in Rio de Janeiro, a Brazil-based timberland fund, and labor credits against Oi. The fund is not known to commit broadly to external venture or buyout funds.
Does Fundação Atlântico seek co-investments alongside external managers?
There is no public evidence of a co-investment program. The portfolio is characterized by directly held assets, often linked to the sponsor or sourced within Brazil's closed pension ecosystem, rather than partnership stakes in third-party GP-managed deals.
What is the fund's posture on ESG and responsible investment?
The fund became a signatory to the UN Principles for Responsible Investment in 2021 and is an investor member of the Carbon Disclosure Project. It participates in industry benchmarking through the Brazilian pension fund association ABRAPP and capital-markets association ANBIMA.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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