Espírito Santo’s Sovereign Fund (FUNSES)

government

Fundo Soberano de Estado do Espirito Santo (FUNSES) is the sovereign wealth fund of the Brazilian state of Espírito Santo. Established to manage state revenues, particularly from oil and natural gas, the fund aims to promote long-term economic development and fiscal stability. Its investment focus includes domestic and international assets, with an emphasis on sectors aligned with the state's strategic priorities. The fund is classified as a government entity and does not operate as a traditional venture capital investor.