FUNDACAO CORSAN

FUNDACAO CORSAN

Fundação Corsan was established in 1980 as a closed supplementary pension entity serving Corsan staff. The fund began formal operations after authorization in 1979 and remains tied to the original sponsor through governance structures that include Sindiágua/RS representation on its Deliberative Council. The pension fund deploys capital into private equity via a limited partnership in Empreendedor Brasil FIP and holds three commercial office units in Porto Alegre. Additional positions include Fundo Quaraí fixed income, Fundo Uruguai fund-of-funds, IVVB11 S&P 500 ETF, and multimarket funds managed by Genoa Capital and Kinea. Allocations span Brazil with a small private equity stake in a domestic vehicle. The entity reports 386.73 million USD under management. It maintains membership in Abrapp and Tchê Previdência and attended industry events in Gramado and regionally during 2025 focused on pension accounting and technology. Service providers include Mirador Assessoria Atuarial for actuarial work and Sinqia for software. Governance links the fund directly to CORSAN as founder and to Aegea Saneamento as current controller of the sponsor, creating a sponsor-specific mandate with retiree co-investor input through AAFCORSAN.