Pension Fund

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PRhosper

PRhosper was established in 1979 as a non-profit closed complementary pension entity to serve employees of Rhodia, a Solvay Group company. The fund is governed...

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PRhosper

PRhosper was established in 1979 as a non-profit closed complementary pension entity to serve employees of Rhodia, a Solvay Group company. The fund is governed by a Deliberative Council, whose presidency is held by Daniela Rattis Manique, a senior executive at Solvay, reflecting the deep integration between the plan's governance and its corporate sponsor. Valeria Bernasconi runs day-to-day operations as Superintendent Director while Arthur Pires oversees security and operations. The fund administers three distinct benefit plans, including the SolvayPrev plan, a supplementary defined-contribution vehicle that pools participant contributions alongside sponsor allocations. PRhosper's investment footprint extends beyond traditional securities into a dedicated direct real estate portfolio concentrated in commercial properties in Brazil, plus a 'Mobile Assets' allocation in its home city of São Paulo. The plan's most recent participant communication, released May 2026, confirms the opening of a contribution-adjustment window for the SolvayPrev plan through March of that year. PRhosper has operated for over 45 years and maintains active memberships in Brazil's two principal closed-pension trade bodies: Abrapp, the national association where it has historically held Administrative Council seats, and APEP, the private-sector pension and sponsor association where its leadership participates in governance. The fund's sole sponsor lineage runs through Rhodia Brasil to the Belgium-headquartered Solvay Group, which also covers employees of Peróxidos do Brasil. What distinguishes PRhosper is its direct real-asset posture within a Brazilian closed-pension framework, where most peers outsource asset management entirely. The in-house real estate capability and separate 'Mobile Assets' allocation suggest a deliberate decision to retain physical assets on the balance sheet, making liquidity management and participant demographics — rather than daily mark-to-market pressures — the binding constraints on the portfolio.

General information

Firm type

Pension Fund

Year founded

1979

Location

Region

South America

Country

Brazil

City

Sao Paulo

Corporate office

Sao Paulo, SP, Brazil

Principals

Daniela Rattis Manique

President of the Deliberative Council

Valeria Bernasconi

Superintendent Director

Arthur Pires

Director of Security and Operations

Sector focus

Real Estate

Frequently asked questions

Who governs investment decisions at PRhosper?

The Deliberative Council sets investment policy, led by President Daniela Rattis Manique, who is also a Solvay executive. Superintendent Director Valeria Bernasconi manages operations, and Arthur Pires serves as Director of Security and Operations. The fund does not publicly disclose whether an external consultant or in-house investment committee executes day-to-day allocation decisions.

What is PRhosper's investment portfolio composition?

PRhosper has disclosed a direct commercial real estate portfolio in Brazil and an allocation to 'Mobile Assets' in São Paulo. Beyond that, the plan's full asset mix — including any allocations to domestic fixed income, Brazilian equities, or alternative funds — has not been made public. The SolvayPrev defined-contribution plan pools participant and sponsor contributions, which suggests the fund likely uses pooled vehicles for at least part of its book.

How is PRhosper related to Rhodia and the Solvay Group?

Rhodia Brasil is PRhosper's founding sponsor and principal corporate patron. Rhodia is itself a subsidiary of Solvay Group, the Belgium-headquartered chemicals multinational. PRhosper also covers employees of Peróxidos do Brasil, another Solvay-linked entity. The Deliberative Council presidency has historically sat with a Solvay senior executive, most recently Daniela Rattis Manique.

Does PRhosper invest directly in operating companies or startups?

No public evidence indicates that PRhosper makes direct venture-capital or private-equity investments in operating companies. Its disclosed direct holdings are the commercial real estate assets and the 'Mobile Assets' portfolio. A pension plan of this structure in Brazil would typically allocate to local fixed-income securities and third-party funds for any public-equity or alternative exposure.

How transparent is PRhosper about its assets under management?

PRhosper has not publicly disclosed its total assets under management, either on its own website or through Brazilian pension-plan regulatory filings accessible to Altss research. Its status as a closed complementary pension entity with a single sponsor group makes it less likely to face the same public disclosure pressure as Brazil's large state-owned enterprise pension funds.

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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