Soa como um problema de virtualização de pastas. Do link :
Scenario 2: You cannot find the file or the folder that you just created
When you use an application for which virtualization is enabled, you create data files in virtualizable locations of the file system. When you use another application or Windows Explorer to access these newly created files, you cannot find them. For example, if you save a file in a photo editing application in the %programfiles%, %systemroot%, %systemdrive%, or %programdata% folders, you cannot locate this file.
[...] To resolve this issue, use one of the following methods:
- Click the Compatibility Files button that appears on the Explorer bar to view virtualized files in the folder. The Compatibility Files button appears only if there are virtualized files in the folder.
- Look in the C:\Users\User_name\AppData\Local\VirtualStore folder to locate files and folders.
- Save your application's data in a folder under your user profile.