Pension Fund

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OABPrev-SC

OABPrev-SC was established in 1995 as a closed supplementary pension entity, originally incorporated as Iasasc, to serve attorneys registered with the Ordem...

OABPrev-SC logo

OABPrev-SC

OABPrev-SC was established in 1995 as a closed supplementary pension entity, originally incorporated as Iasasc, to serve attorneys registered with the Ordem dos Advogados do Brasil — Santa Catarina Section (OAB/SC). Jefferson Kravchychyn, the entity's first president, structured the fund to pool retirement contributions alongside co-institutors CAASC (the Bar's social assistance arm) and Sicoob Advocacia, a financial cooperative serving the same professional community. The wealth origin is straightforward: mandatory and voluntary contributions from thousands of legal professionals in the southern Brazilian state. The fund's investment strategy spans asset classes uncommon for a sub-USD 100 million pension pool. Confirmed positions include a mixed-use real estate portfolio in Santa Catarina, allocations to Brazilian multimercado funds managed by Kapitalo and Capstone, and a timber and natural resources exposure through the Genoa Capital and Vestas III vehicles. The geographic footprint remains concentrated in Brazil, though multimercado mandates frequently carry cross-border macro exposure. The fund's posture leans toward absolute-return and real-asset strategies rather than plain-vanilla fixed income — typical for smaller, board-driven Brazilian pension entities seeking inflation protection without large internal investment teams. OABPrev-SC is a member of both Abrapp, the national association for closed pension entities, and ASCPrev, its regional counterpart in Santa Catarina. These affiliations provide governance benchmarking and potential co-investment pathways within Brazil's EFPC ecosystem. The fund also supports OAB Por Elas, a philanthropic initiative tied to the state Bar, reflecting the tight governance integration between the pension entity and its parent professional body. Recent operational activity is limited in the public record; the fund maintains no LinkedIn presence and minimal website disclosure, consistent with a small, captive-membership pension plan operating under Brazilian regulatory filings rather than public investor relations. The structural differentiator is governance architecture, not investment scale. OABPrev-SC sits inside a tripartite institutor framework — OAB/SC, CAASC, and Sicoob Advocacia — making it effectively a labor-union pension fund modeled for a regulated profession. This design separates it from both corporate pension plans and open-market retirement products, creating a captive participant base with low churn and a board answerable to a professional regulatory body rather than corporate shareholders or retail customers. Succession and fiduciary oversight follow Brazilian PREVIC regulations, with board composition tied to the Bar's electoral cycle.

General information

Firm type

Pension Fund

Year founded

1995

Location

Region

South America

Country

Brazil

City

Florianópolis

Corporate office

Florianópolis, Santa Catarina, Brazil

Sector focus

Natural ResourcesTimberReal Estate

Frequently asked questions

Who governs OABPrev-SC?

The entity is governed by a board linked to OAB/SC, the Santa Catarina section of the Brazilian Bar Association. Two co-institutors — CAASC, the Bar's social assistance fund, and Sicoob Advocacia, a financial cooperative — share governance responsibilities. This structure is mandated by Brazil's supplementary pension regulations for closed entities.

How does OABPrev-SC invest its portfolio?

The fund outsources asset management entirely, allocating to third-party multimercado vehicles like Kapitalo K10 II FIC and CAPSTONE Macro CP Multimercado, alongside direct real estate holdings in Santa Catarina and natural-resources funds including Vestas III FIF and a Genoa Capital portfolio. The strategy emphasizes absolute-return mandates and real assets rather than in-house security selection.

What asset classes does OABPrev-SC avoid?

Public disclosures do not list explicit exclusions, but the portfolio composition suggests limited direct public-equity exposure and no venture capital or private equity commitments. The small scale — estimated at USD 68 million (Altss estimate) — makes illiquid commingled fund commitments difficult outside of local real-asset vehicles.

Is OABPrev-SC open to new participants?

Participation is restricted to legal professionals registered with OAB/SC and, potentially, employees of the co-institutor entities. As a closed supplementary pension entity under Brazilian law, it cannot accept contributions from the general public or professionals outside its defined membership base.

Where does the underlying capital come from?

All assets derive from participant and sponsor contributions made by attorneys practicing in Santa Catarina. The sponsoring institutors — OAB/SC, CAASC, and Sicoob Advocacia — may also make contributions on behalf of their members or employees. No external institutional or government capital is involved.

How does OABPrev-SC fit within the broader Abrapp ecosystem?

The fund is a member of both Abrapp, the national association for closed pension entities, and ASCPrev, its Santa Catarina state-level counterpart. These associations provide regulatory advocacy, trustee education, and governance standards, but do not pool assets or dictate investment policy. Membership signals adherence to sector best practices rather than any joint investment vehicle.

What is the connection between OABPrev-SC and OAB Por Elas?

OAB Por Elas is a philanthropic initiative managed by OAB/SC focused on women's rights and professional equity within the legal community. OABPrev-SC supports the initiative, reflecting the deep operational integration between the pension fund and its parent Bar association, but the foundation is not a direct beneficiary or asset pool of the pension entity.

Profile maintained by 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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