# Quintadinha Prev

Quintadinha Prev is a Pension Fund based in Quitandinha, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Quitandinha, Brazil
- **Region:** South America
- **Address:** Quitandinha, Paraná, Brazil
- **Founded:** 1998
- **Assets under management:** Under $25M (Altss estimate)
- **Website:** quitandinhaprev.com.br

## Regulatory record

- **Reports private funds:** No

## About

Quintadinha Prev was established in 1998 as the Regime Próprio de Previdência Social (RPPS) for the municipality of Quitandinha, a small city in the state of Paraná. Sponsored by the Municipality of Quitandinha, the institute is responsible for managing the retirement and pension benefits of the city's tenured public servants. Emerson Mitsui Karasawa serves as Diretor Presidente, overseeing an administrative structure that includes dedicated directorships for finance, pensions, and actuarial affairs. The fund's portfolio reflects a conservative, liquidity-focused mandate typical of Brazilian municipal RPPS entities. Assets are allocated primarily across three buckets: Federal Public Bonds (TPF) for sovereign-grade fixed income, a cash and cash equivalents sleeve for benefit payment liquidity, and a modest real estate allocation. Recorded positions include stakes in two locally focused real estate investment trusts — Fundo de Investimento Imobiliário BR Hotéis, a commercial hospitality vehicle, and Osasco Properties Fundo de Investimento Imobiliário, tied to commercial assets in the São Paulo metropolitan region. Investment policy is set by a committee chaired by Ricardo Casagrande, with geographic exposure almost entirely domestic. The institute operates with a lean governance structure typical of a small RPPS, where the investment committee and executive board make asset-allocation decisions without dedicated internal analyst teams. AUM is estimated at approximately $11 million (Altss estimate), a scale that precludes direct international or private-market commitments beyond publicly traded REITs. What distinguishes Quintadinha Prev structurally is its status as a closed RPPS serving a single, small municipality. Unlike larger state-level funds such as ParanáPrevidência, it cannot pool risk across multiple employer sponsors or amortize fixed compliance costs over a broad asset base. Its investment universe is constrained by Conselho Monetário Nacional Resolution 4,963 rules, which strictly limit RPPS allocations to registered securities and prohibit offshore exposure without complex mandates the fund's scale cannot support. This makes its portfolio a direct expression of Brazilian municipal pension regulation at its smallest viable end.

## Sectors

- Real Estate
- Fixed Income

## People

- Emerson Mitsui Karasawa — Diretor Presidente
- Ricardo Casagrande — President of the Investment Committee
- Clarice Maria Machoski Wojcikievicz — Administrative and Financial Director
- Luana Mlenek Mordaski Freire — Director of Pensions and Actuarial Affairs

## Questions

### Who runs investment decisions at Quintadinha Prev?

The investment committee is chaired by Ricardo Casagrande, with administrative and financial oversight from Clarice Maria Machoski Wojcikievicz. Emerson Mitsui Karasawa holds the top executive role as Diretor Presidente. These individuals operate under the governance of the Municipality of Quitandinha, the sponsoring entity.

### What does Quintadinha Prev's portfolio hold?

The fund allocates to three primary categories: Brazilian federal public bonds (TPF), cash and equivalents for near-term liquidity, and local real estate investment trusts. Two identified REIT positions are Fundo de Investimento Imobiliário BR Hotéis and Osasco Properties Fundo de Investimento Imobiliário. The asset mix is driven by RPPS regulations limiting exposure to securities registered with Brazilian authorities.

### How is Quintadinha Prev regulated?

It is regulated under the framework for Regimes Próprios de Previdência Social, overseen by the Ministry of Social Security and the Conselho Monetário Nacional (CMN). Investment guidelines follow CMN Resolution 4,963, which governs asset eligibility, concentration limits, and reporting requirements for Brazilian municipal pension funds.

### Does Quintadinha Prev invest outside Brazil?

No. The fund's estimated $11 million in assets and RPPS regulatory constraints limit its exposure to domestic securities. Municipal pension funds of this scale rarely pursue the regulatory approvals or custody structures required for offshore mandates.

## Related profiles

- [Frank J. Antun Foundation](https://altss.com/profile/frank-j-antun-foundation)
- [Grand Foundation](https://altss.com/profile/grand-foundation)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/quintadinha-prev

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