UNISYS-PREVI

UNISYS-PREVI

Unisys Previ operates as a closed supplementary pension entity structured around a variable contribution plan for employees of Unisys entities in Brazil. The fund was established by Unisys Brasil Ltda., with Unisys Tecnologia Ltda. joining as a co-sponsor, creating a defined governance architecture where the sponsoring companies provide the institutional backing while the pension entity maintains statutory independence. Executive Director Alexandre Rangel Chaves serves as the AETQ (Statistically Qualified Administrator), and Superintendent Director Leonor Seabra holds the ARPB designation (Administrator Responsible for the Benefit Plan), giving the fund dual named fiduciaries with legally defined responsibilities under Brazilian pension regulation. The fund deploys capital across two asset classes that depart from the typical Brazilian pension allocation model. Its real estate portfolio consists of mixed-use properties within Brazil, providing both income generation and inflation-hedging characteristics. Alongside this sits a participant loan portfolio — essentially a private credit book where members borrow against their accumulated balances. This creates a self-contained lending ecosystem: the fund originates, services, and collects on loans to its own participant base, generating yield that stays within the plan rather than flowing to external financial intermediaries. The geographic footprint remains wholly domestic, concentrated in Brazilian real assets and Brazilian-obligor credit. As a closed pension entity, Unisys Previ belongs to Abrapp, the national association that coordinates Brazil's closed pension fund sector. The fund provides the standard suite of participant services common to the country's supplementary pension framework — voluntary contributions, benefit simulations, and loan origination — but operates without publicly disclosed AUM or deployment figures. This opacity aligns with Brazilian closed-pension norms, where only the largest multi-sponsor funds tend to publish detailed financial statements or investment strategy documentation. What distinguishes Unisys Previ structurally is its status as a single-sponsor (or dual co-sponsor) closed entity tied to a technology multinational operating in Brazil. Unlike the massive open-market pension funds that dominate Brazilian asset-allocation discussions — Previ, Petros, Funcef — Unisys Previ serves a narrow, tech-sector constituency. This concentrated participant base shapes its liability profile and investment horizon differently from a broad-based corporate plan. The participant loan program, in particular, functions as a structural feature rarely seen at this scale outside the Brazilian closed-pension system, creating an internal credit cycle that sits entirely within the plan's walls.