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IPAJM
IPAJM was founded in 2004 to administer pension benefits exclusively for civil servants of the state of Espírito Santo. Its mandate stems directly from state...
IPAJM
IPAJM was founded in 2004 to administer pension benefits exclusively for civil servants of the state of Espírito Santo. Its mandate stems directly from state public administration responsibilities rather than private wealth accumulation. The institute allocates the majority of assets to inflation-linked federal securities such as NTN-B and NTN-F bonds, alongside holdings in state-managed fixed income funds on B3. Confirmed positions include exposure through Vinci FIP / FIA Funds and equity allocations via Banestes FIC FIA. Geographic focus remains domestic, centered on Brazil with no disclosed international commitments. IPAJM maintains membership in ABIPEM and APEPP. It attended the 59º Congresso Nacional da ABIPEM in June 2026. Service providers include XP Investimentos as custodian and Banco do Brasil, Caixa Econômica Federal, and Banestes as investment advisors.
General information
Firm type
Pension Fund
Year founded
2004
Location
Region
South America
Country
Brazil
City
Vitória
Corporate office
Avenida Cezar Hilal, nº 1345 Santa Lúcia, Vitória, ES, Brazil
Principals
Edmílson dos Santos
Executive President
Sector focus
Frequently asked questions
Who runs investment decisions at IPAJM?
Edmílson dos Santos serves as Executive President and oversees investment policy for the institute.
Does IPAJM participate in fund commitments or only direct deals?
IPAJM holds positions in Vinci Partners funds and multiple B3-listed fixed income vehicles managed by state banks.
Where does the underlying wealth come from?
Assets derive from contributions by Espírito Santo state civil servants and sponsoring government entities.
What asset classes does IPAJM hold?
The portfolio centers on Brazilian government bonds, inflation-linked securities, and select equity and fixed income funds on B3.
How is IPAJM related to the state government?
IPAJM operates as the official pension institute sponsored by the Governo do Estado do Espírito Santo.
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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