# Serpros

Serpros is a Pension Fund based in Rio de Janeiro, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Rio de Janeiro, Brazil
- **Region:** South America
- **Address:** Rua do Passeio, 38, Torre 2, Sala 1603, Centro, Rio de Janeiro, RJ, Brazil
- **Founded:** 1977
- **Assets under management:** Undisclosed
- **Website:** serpros.com.br
- **LinkedIn:** https://br.linkedin.com/company/serpros-fundo-multipatrocinado

## Regulatory record

- **Reports private funds:** No

## About

Serpros was created in 1977 as a multipatrocinado pension fund serving employees of Serpro, the federal data-processing service. Its structure ties directly to the Brazilian government through this sponsorship relationship, with Edilene dos Reis Rocha Araujo serving as Director-President. The fund allocates across private equity, real estate, and credit. Confirmed holdings include positions in FIP ETB, FIP Infra Setorial and FII Macam Shopping. Investments concentrate in Brazil, with additional exposure to energy and utilities sectors. Capital deploys via direct limited-partner commitments and multimarket funds rather than external fund-of-funds vehicles. Serpros employs 111 professionals. It maintains three owned or leased commercial properties in Rio de Janeiro and Brasília. Recent activity includes sponsorship of the Seminário APRECE Novos Gestores Municipais in January 2025. The fund also participates in Abrapp, the national association of closed pension entities. Serpros operates as a sponsor-linked pension vehicle rather than an independent family office or asset manager. Its governance and investment mandates remain anchored to the obligations of its founding sponsor, Serpro, which shapes both contribution flows and liability structure.

## Sectors

- Infrastructure
- Real Estate
- Private Equity

## Offices

- Brasília, Brazil

## People

- Edilene dos Reis Rocha Araujo — Director-President
- Leonardo Dias Baptista Gomes — Director of Investments

## Questions

### Who runs investment decisions at Serpros?

Edilene dos Reis Rocha Araujo serves as Director-President and Leonardo Dias Baptista Gomes serves as Director of Investments.

### How does Serpros source proprietary deal flow?

The fund participates in Brazilian private equity and infrastructure vehicles through limited-partner commitments alongside local sponsors.

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

Serpros commits to multimarket funds and private equity vehicles including FIP ETB and FIP Infra Setorial.

### What investment stages does Serpros typically target?

The fund targets operating businesses and infrastructure projects in Brazil across buyout and distressed strategies.

### What is Serpros's known posture on co-investments alongside external GPs?

The fund holds limited-partner positions in multiple FIPs and real estate vehicles without disclosed direct co-investment programs.

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

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

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