# Previ Novartis

Previ Novartis is a Pension Fund based in Sao Paulo, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sao Paulo, Brazil
- **Region:** South America
- **Address:** Avenue Vicente Rao, 90 Brooklin Paulista, Sao Paulo, SP, 04636-000, Brazil
- **Founded:** 1977
- **Assets under management:** 279.67 (Altss estimate)
- **Website:** www.previnovartis.com.br
- **LinkedIn:** https://www.linkedin.com/company/previ-novartis-sociedade-de-previdencia-privada

## Regulatory record

- **Reports private funds:** No

## About

Previ Novartis was established in 1977 as a closed complementary social security entity. Its primary sponsor remains Novartis Biociências S.A., with Sandoz do Brasil having withdrawn in 2025. The fund operates under Brazilian pension regulations and serves plan participants employed by its sponsors. The portfolio spans private equity, venture capital, private credit, and multimarket strategies. Confirmed holdings include Signal Capital III FIP, Domo Ventures Fund 2 FIP, Captalys Orion FIC FIM CP, and SPX Nimitz Estruturado FIC FIM, all accessed through Previ Novartis FIF CIC Mult. Public positions cover Brazilian equity funds such as Oceana Valor FIA and Absoluto Partners Inst. II FIA plus BlackRock iShares S&P 500 ETF exposure. Allocations remain concentrated in Brazil with selective international fixed income and equity holdings. The fund reports 279.67 million USD in assets. It maintains memberships in Abrapp and APEP. Service providers include TAG Investimentos as investment advisor, Itaú Unibanco as custodian, and KPMG as external auditor. No additional offices are disclosed. Previ Novartis functions as a sponsor-tied pension vehicle rather than an independent family office or asset manager. Investment decisions route through designated administrators and external advisors under Brazilian regulatory oversight, with limited public detail on co-investment or direct deal activity.

## Sectors

- Private Equity
- Venture Capital
- Private Credit

## People

- Renata Desiderio Furini — CEO and Administrator Responsible for Social Security (ARPB)
- Mucio de Campos Maia Neto — Director and Administrator Responsible for Investment Portfolio (AETQ)

## Questions

### Who runs investment decisions at Previ Novartis?

Renata Desiderio Furini serves as CEO and ARPB while Mucio de Campos Maia Neto acts as Director and AETQ. External advisor TAG Investimentos supports portfolio construction.

### Does Previ Novartis participate in fund commitments or only direct deals?

The fund commits as a limited partner to Brazilian vehicles including Signal Capital III FIP and Domo Ventures Fund 2 FIP through Previ Novartis FIF CIC Mult.

### What asset classes does Previ Novartis allocate to?

Allocations include private equity at 0.88 percent, venture capital, private credit, multimarket hedge strategies, Brazilian equities, and international fixed income and equity ETFs.

### How is Previ Novartis related to Novartis?

Novartis Biociências S.A. remains the main sponsor. The fund was created to provide pension benefits exclusively to employees of its sponsors.

### Which industry associations does Previ Novartis belong to?

The fund holds memberships in Abrapp and APEP, the principal Brazilian associations for closed pension entities and private sector sponsors.

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

Canonical page: https://altss.com/profile/previ-novartis

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology