Vivest takes over Volkswagen's pension fund worth R$ 3,5 billion.
The entity will manage the automaker's plan starting in 2026, increasing assets under management to R$ 44,5 billion.
Vivest, the largest privately owned closed-end supplementary pension fund in Brazil, announced that it will assume management of Volkswagen's pension fund, which has R$ 3,5 billion in assets and 18.257 participants. The transaction, considered the largest management transfer ever carried out between closed-end pension funds in the country, was announced by [source missing]. Valor Econômico.
According to the report, the change will take effect in mid-2026, raising the total assets managed by Vivest to R$ 44,5 billion. This move consolidates the entity's expansion strategy, which has been absorbing plans from large corporations since 2019.
Expansion in the corporate sector
In recent years, Vivest has incorporated Roche's pension plan and has confirmed the transfer of Alpargatas' plan, which will also be completed in 2026. In the automotive sector, the entity is already responsible for managing Ford's fund, expanding its presence among automakers operating in Brazil.
Vivest's president, Walter Mendes, highlighted the entity's growth trajectory. "Our expansion strategy began in 2019 with the absorption of new plans," he stated. Currently, the foundation manages 25 pension plans benefiting 59,9 current and former employees of 15 sponsoring companies.
Diversification in health and pension plans
In addition to supplementary pension plans, Vivest has also established itself in the healthcare sector. The organization is currently the largest self-managed health plan provider in the state of São Paulo, responsible for serving 116 beneficiaries.
Originally created as the Cesp Foundation to serve employees in the electricity sector, the institution changed its name to Vivest in 2020, strengthening its presence in the corporate pension and health market.
