NOVO GAMA PREV

NOVO GAMA PREV

Novo Gama Prev is the social security authority for the municipality of Novo Gama, Goiás, established to guarantee the retirement benefits of local public employees. President Sandra Maria de Pinho Carreiro assumed leadership of the institute through Decree 329/2023, succeeding Janio Soares dos Reis, who held the role around 2021. The entity operates as a direct arm of the Prefeitura Municipal de Novo Gama, placing it firmly inside a municipal governance structure rather than as an independent fiduciary. Brazilian public pension regimes constrain Novo Gama Prev's investment policy to the conservative allocations outlined in National Monetary Council Resolution CMN 4,963. This typically means a portfolio concentrated in federal government bonds, with limited exposure to selected credit instruments, infrastructure debentures, and the equity-like tranches of public-private partnership vehicles. The institute does not pursue direct equity, venture capital, or co-investment programs; its mandate is to maintain actuarial equilibrium for the municipality's payroll. The institute operates from a single office on Quadra 503 in the Pedregal district. No public data confirm staff size, total assets under management, or current funded-status ratio. Adjacent vehicles — separate philanthropic foundations or real-asset arms — are not disclosed. In November 2023, Sandra Maria de Pinho Carreiro was formally installed as President via municipal decree, a governance reset that remains the only publicly observable operational event in recent history. Novo Gama Prev's structural differentiator is its embeddedness. It is not a pension fund in the asset-manager sense, but a local-government function that collects contributions, administers benefits, and invests residually under national regulatory shackles. For an institutional allocator, it represents placement potential only: a captive pool of compulsory demand for government-qualifying securities, reached not through roadshows but through the Brazilian Treasury's debt-syndication apparatus.