# PREVIMPA

PREVIMPA is a Pension Fund based in Porto Alegre, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Porto Alegre, Brazil
- **Region:** South America
- **Address:** Rua Gen. João Manoel, nº 50 – térreo, mezanino e terceiro andar Centro Histórico
- **Founded:** 2001
- **Assets under management:** 682.91 (Altss estimate)
- **Website:** prefeitura.poa.br/previmpa

## Regulatory record

- **Reports private funds:** No

## About

PREVIMPA was established in 2001 as a municipal autarchy to administer retirement and death benefits for Porto Alegre civil servants. Cesar Emílio Sulzbach serves as Director-President with Daniela Silveira Machado as Administrative-Financial Director. The fund deploys capital into private equity, fixed income, and real estate. Confirmed holdings include commitments to Kinea Private Equity V and BTG Pactual CLA Economia R II FIP Multiestratégia. It purchased 45,000 units of NTN-B 2040 federal bonds in 2024 and maintains exposure to BOVA11 ETF and Itaú equity funds. Geographic focus remains Brazil with primary activity in Rio Grande do Sul. Assets total 682.91 million USD. The organization maintains membership in ABIPEM, ABRAPP, and AGIP. In July 2025 it presented 2024 financial and actuarial results at a public hearing in Porto Alegre. Additional offices are not disclosed. PREVIMPA functions as a regulated public pension entity with investment decisions executed through external managers including Kinea Investimentos and Itaú Asset Management rather than internal direct deal teams.

## Sectors

- Private Equity
- Real Estate
- Fixed Income

## People

- Cesar Emílio Sulzbach — Director-President
- Daniela Silveira Machado — Administrative-Financial Director
- Silvio Luis da Silva Zago — Deputy Director-President

## Questions

### Who runs investment decisions at PREVIMPA?

Cesar Emílio Sulzbach serves as Director-President. External managers including Kinea Investimentos and Itaú Asset Management execute allocations under oversight from the administrative-financial director Daniela Silveira Machado.

### Does PREVIMPA participate in fund commitments or only direct deals?

The fund commits to private equity vehicles such as Kinea Private Equity V and BTG Pactual funds. It also holds direct ownership of municipal real estate assets including the Paço Municipal and Mercado Público.

### What investment stages does PREVIMPA typically target?

Allocations focus on established Brazilian private equity funds and public market indices rather than early-stage venture. Fixed income purchases include federal bonds with maturities into the 2040s.

### How is PREVIMPA related to Prefeitura Municipal de Porto Alegre?

PREVIMPA was created by the municipal government as an autarchy responsible for the local public pension system and remains under its oversight.

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

Canonical page: https://altss.com/profile/previmpa

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