RS-Prev

RS-Prev

RS-Prev was formed in 2016 as a non-profit public foundation to administer complementary pension plans for civil servants across the State of Rio Grande do Sul. The state itself acts as the primary sponsor alongside multiple municipalities, including Não-Me-Toque, Guaíba, and Cachoeirinha. Director-President Elisângela Hesse oversees both the executive function and the security directorate, while the Deliberative Council is chaired by José Guilherme Kliemann. The fund allocates capital under Brazil's closed pension entity framework, which governs asset-liability matching, liquidity buffers, and sectoral exposure limits. Detailed portfolio composition is not publicly disclosed. RS-Prev participates in the Brazilian closed-pension ecosystem through its membership in Abrapp, the national industry association, giving it access to sector benchmarks and peer exchange. RS-Prev's governance separates executive management — led by Hesse, with Filipe Jeffman dos Santos as Director of Investments and Rafael Rocha Luzardo as Director of Administration — from the Deliberative Council that sets policy. No external wealth origin applies; all assets derive from statutory contributions by sponsoring state and municipal employers and their employees. RS-Prev differs structurally from a typical family office or corporate pension fund because it serves a fragmented sponsor base — multiple municipalities alongside the state — each with distinct actuarial profiles. This forces an allocation model that must remain broadly acceptable across political and administrative cycles, making the investment committee's regulatory constraint the binding structural feature of the fund.