RIOPRETOPREV

RIOPRETOPREV

The Regime Próprio de Previdência Social of São José do Rio Preto — operating as RioPretoPrev — was established in 2001 under the mayoral administration of Edinho Araújo. The fund functions as an autonomous municipal agency responsible for collection, management, and disbursement of pension benefits for career public servants, including retirement and survivor pensions. It is a statutory entity, not a contract-managed OCIO structure, giving the permanent civil-service leadership direct fiduciary control over asset decisions. The fund is an active member of ANEPREM and ABIPEM, the two principal trade bodies for Brazil's state and municipal pension funds, connecting it to peer-practice networks across the country. RioPretoPrev's portfolio reflects the regulatory architecture for Brazilian RPPS funds: the majority of assets sit in federal government bonds — specifically NTN-B inflation-linked sovereign paper — which provide the duration-matched liability profile Brazilian pension law demands. Below that sovereign core, the fund has built a real-asset sleeve. Holdings include mixed-use and industrial properties within the São José do Rio Preto municipality, notably an industrial warehouse asset used for municipal logistics (Imóvel Almoxarifado). Equity exposure appears limited relative to larger state funds, which is typical for a municipal RPPS of RioPretoPrev's scale. The investment committee, chaired by Investment Coordinator Patrícia Nato Toninato Bartolomei, operates within the Conselho Municipal de Previdência framework, requiring joint sign-off between the Superintendent Director and the municipal executive branch for material allocation changes. Executive Director Adriano Antonio Pazianoto handles operational administration. The fund participates in CONAPREV, the National Council of RPPS Managers, for benchmarking and regulatory-policy engagement. While many Brazilian municipal RPPS pools have consolidated into state-level vehicles in the past decade, RioPretoPrev has retained its independent governance structure. This independence is structural — the fund reports into the Prefeitura de São José do Rio Preto rather than a consolidated state treasury — making it one of several hundred stand-alone municipal RPPS entities still operating under the 2001 regime. No recent consolidation or outsourcing arrangement has been publicly announced. RioPretoPrev's structural profile is distinctive for a Brazilian municipal pension fund: it operates as a fully independent statutory entity with its own real-asset holdings rather than existing purely as an accounting line within the municipal treasury. While the AUM is modest relative to the large state funds (São Paulo state's SPPrev is roughly 100x larger), the governance architecture — separate legal entity, dedicated investment committee, direct property management — is structurally closer to a small institutional asset owner than to a pass-through municipal treasury function. This matters for external managers: RioPretoPrev can execute direct allocations and hold real assets in its own name, which many municipal sub-sovereign pools in Brazil cannot do.