Badesul Desenvolvimento

Badesul Desenvolvimento (Badesul) is a government agency based in Porto Alegre, Brazil. Established in 1973, the mission of the firm is to promote the economic and social development of Rio Grande do Sul by offering a set of long-term financial solutions for public sector projects and private companies. The organization is linked to the department of economic development, science, and technology and works for the betterment and economic growth of Rio Grande do Sul. The assets of the firm are managed by the board of directors.Badesul Desenvolvimento's investment portfolio is valued at BRL1.01 trillion (USD$25 billion), with investments in domestic and international equity, private equity and cash.