VIVEST

VIVEST

VIVEST was established in 1969 to administer pension and health plans for employees of major power-sector firms in São Paulo state. Walter Mendes has served as president since 2019. The fund continues to receive contributions from sponsoring companies including AES Brasil, Auren Energia, CPFL Energia, Enel, and Alpargatas. Approximately 87 percent of assets sit in fixed income, chiefly inflation-linked NTN-B government bonds. Private equity accounts for 2 percent of the portfolio. Real estate holdings include the Vivest Desenvolvimento Imob FIF and a diversified set of corporate slabs, shopping centers, and logistics assets across Brazil. Public equity positions feature Vale S.A. debentures and shares in utilities such as ISA Energia Brasil, Auren Energia, CPFL Energia, Sabesp, and Alpargatas. International equities represent roughly 7 percent of the total book and track MSCI indices. The firm employs no disclosed headcount figure and maintains its headquarters on Avenida Paulista in São Paulo. It belongs to Abrapp and follows the Amec Stewardship Code. In 2024 Paulo Werneck was appointed Investment Director. VIVEST also operates the Vida Investe platform, launched in 2019, to deliver financial education to participants. VIVEST functions as a closed pension fund whose mandate is defined by its original power-sector sponsors rather than by external capital raising. Governance ties to those sponsors shape both asset selection and risk limits, producing a concentrated domestic exposure profile that differs from open-end or multi-employer vehicles.