# OPC CCSS

OPC CCSS is a Public Pension Fund based in San Pedro, Costa Rica.

## Overview

- **Organization type:** Public Pension Fund
- **Headquarters:** San Pedro, Costa Rica
- **Region:** North America
- **Address:** Dent Office Center, 200m west and 200m north of the northeast corner of the San Pedro Mall, San Pedro, San José, Costa Rica
- **Assets under management:** 1000 (Altss estimate)
- **Website:** opcccss.fi.cr
- **LinkedIn:** https://www.linkedin.com/company/opc-ccss

## Regulatory record

- **Reports private funds:** No

## About

OPC CCSS was established to administer the mandatory complementary pension regime (ROPC) and the labor capitalization fund (FCL) for Costa Rican workers. It functions as a 100% owned subsidiary of the Caja Costarricense de Seguro Social. The firm deploys capital across Costa Rican sovereign debt, which accounts for 54-60% of assets, plus holdings in Vanguard S&P 500 ETF and State Street sector ETFs. It also maintains a responsible investment sleeve targeting employment, housing, and infrastructure projects inside Costa Rica. Geographic focus remains domestic with limited international equity exposure through ETFs. Fund structures consist of individual capitalization accounts rather than pooled private vehicles or co-investments. Total assets stand near $1B, split between the ROPC at $662M and FCL at $336M. The firm employs external service providers including BN Custodio as custodian and Despacho Carvajal as auditor. It maintains membership in the Principles for Responsible Investment since 2020 and the Asociación Costarricense de Operadoras de Pensiones. Governance ties directly to the parent CCSS, which appoints the board and sets the mandate under national pension law. This creates a regulatory posture distinct from private asset managers, with all activity subject to SUPEN oversight and public reporting requirements.

## Sectors

- Pensions
- Responsible Investment

## People

- Hector Maggi Conte — General Manager
- Annette Arguedas Fallas — President of the Board of Directors

## Questions

### Who runs investment decisions at OPC CCSS?

Hector Maggi Conte serves as General Manager. The board, chaired by Annette Arguedas Fallas, oversees policy. Allocations follow regulatory guidelines set by SUPEN.

### Does OPC CCSS participate in fund commitments or only direct deals?

The firm holds public securities, ETFs, and Costa Rican government bonds. It does not make private fund commitments or direct co-investments.

### Where does the underlying capital come from?

Contributions come from mandatory payroll deductions under Costa Rica's complementary pension regime, administered through the Caja Costarricense de Seguro Social.

### How is OPC CCSS related to CCSS?

CCSS owns 100% of OPC CCSS and serves as its founder and parent entity.

### What investment stages does OPC CCSS target?

The firm invests in liquid public markets and sovereign instruments. It does not target venture, growth, or private equity stages.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/operadora-de-pensiones-complentarias-de-la-ccss-sa

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