Private Equity Firms in Brazil

Founded in 1984, Advent International is one of the largest and most experienced global private equity firms. With decades of industry leadership, it has established a strong track record of successful investments and deep sector expertise. Advent has invested in over 420 private equity transactions across 43 countries. The firm partners with management teams to accelerate growth through strategic support, operational improvement, and long-term vision alignment. With $94 billion in assets under management as of December 31, 2023, Advent primarily focuses on buyouts and growth equity investments across five key sectors, maintaining a flexible and globally integrated approach.

Augme Capital is an independent asset manager based in São Paulo, Brazil, specializing in credit, private equity, and private debt. The firm is known for managing a diverse range of investment funds, including real estate credit funds (FIIs), thematic funds, vintage funds, and Receivable-Backed Investment Funds (FIDCs). Their investment philosophy emphasizes consistent, long-term performance and transparency, with a vision to be recognized as a leading credit manager in Brazil.The firm was incorporated on September 28, 2015, although some sources indicate a founding year of 2018 or 2019. Augme Capital was acquired by XP on November 4, 2025, a move that integrated Augme's credit-focused asset management capabilities and client base into XP's broader service offerings. This acquisition highlights a trend of consolidation within the Brazilian asset management industry.Augme Capital has made notable investments, including providing a loan facility to Turbi and participating in FIDC rounds for companies like CashGo, a real estate credit startup, and Isaac Crédito, which focuses on credit for educational institutions. The firm also offers venture debt solutions for innovative Brazilian entrepreneurs, providing exposure to the venture capital ecosystem through structured debt.The leadership team at Augme Capital comprises experienced professionals with expertise across various domains, including institutional relations, credit, real estate credit, risk management, data analysis, and compliance. Key partners and directors include Bruno Coelho, Henrique Mercado, Luiz Gerab, Fabio Chung, José Guilherme Soares, Marcelo Urbano, Heitor Salustiano Lira, Lucas de Oliveira, Matheus Porto, and Paulo Chi.

Brasil Capital is an investment firm established in 2008, operating as an equity fund manager with a dedicated focus on Brazilian companies. The firm's investment philosophy centers on identifying and backing winning companies characterized by competent and honest management and shareholders, alongside a robust margin of safety. Their core values emphasize performance, a sense of urgency, an ownership culture, independent thinking, and humility, consistently seeking professionals with high curiosity, resilience, and intellectual and execution capabilities.The firm was founded in 2008, with Ary Zanetta serving as a Founder Partner and Portfolio Manager. Prior to establishing Brasil Capital, Mr. Zanetta was a partner at Credit Suisse Hedging-Griffo, where he gained extensive experience as a trader, equity and fixed income analyst, and controller manager. His background also includes participation in the transition government administration alongside Mr. Paulo Guedes, Minister of the Economy, at the end of 2018.Brasil Capital manages several equity funds, including Brasil Capital FIC FIA, Brasil Capital Inst 30 FIC FIA, Brasil Capital RP INST FIC FIA, and Brasil Capital Previdência. While specific portfolio companies are not publicly detailed as venture capital investments, the firm's strategy is geared towards listed equities in Brazil. The investment team's expertise spans a diverse range of sectors, including electricity, construction, banking, technology, health, retail, malls, properties, consumer goods, non-bank financial sectors, car rental, and pharmaceuticals.The leadership team comprises experienced professionals such as Fernando Sampaio, Danilo Deutsch, and Henrique Wu, all CFA charterholders, who contribute to the investment team with specialized industry knowledge. Felipe Graner oversees COO & Risk Management, while Juliana Klarnet and Isabella Nozza manage business development and investor relations, respectively. This collective expertise underpins Brasil Capital's approach to identifying and nurturing high-quality investment opportunities within the Brazilian market.

Carpa Family Office is a multi-family office based in Brazil, established in 2015, that operates with the concept of a single-family office to provide highly personalized solutions for individuals and families. The firm focuses on professionalizing the financial lives of its clients by offering a comprehensive and integrated system of services. These services span across investments, patrimonial planning, and various family-related needs, aiming to simplify daily life and ensure the protection and perpetuation of wealth.The firm was founded in 2015 with the core belief that individuals should have a professionalized approach to their financial lives. Co-founders include Ian Dubugras, who serves as the CEO, and Celso Colombo, the Strategic Investment Director (CIO). The team emphasizes building long-lasting relationships through solid, well-structured, and interdisciplinary processes.Carpa Family Office is an independent advisor, meaning it does not offer its own financial products. Instead, it focuses on selecting the best solutions aligned with each client's investment profile, regardless of the financial institution. The firm is compensated exclusively by its clients through a pre-agreed fee structure, either as a percentage of assets under management for investments or a fixed monthly fee for family services. While specific portfolio companies are not extensively disclosed, Carpa Family Office has made at least one investment in V360 and is noted to engage in early-stage venture capital investments, including Pre-Seed, Seed, and Series A rounds.The Carpa Family Office team comprises experienced professionals with diverse backgrounds in wealth structuring, investment management, risk, legal, compliance, and family services. Key team members include Pedro Lérias (Director of Resource Management), Betina Fernandes (Director of Risk), Pedro Romeiro (Legal & Compliance Director | Patrimonial Planning), and Jaques Wanderley (Director of Family Services). Their collective expertise allows the firm to offer a holistic approach to wealth management, integrating financial and legal instruments to protect and grow client assets.

Cerberus Capital Management, L.P., founded in 1992, is a leading global alternative investment firm headquartered in New York City. With approximately $65 billion in assets under management, Cerberus specializes in private equity, credit, and real estate strategies. The firm leverages its integrated investment platforms and proprietary operating capabilities to drive long-term value for investors. The firm is known for its flexible and disciplined investment approach, often targeting distressed assets and underperforming businesses across the capital structure. Cerberus has built a strong track record through value-driven turnarounds, including high-profile investments such as Chrysler and various non-performing loan portfolios worldwide. With a presence across North America, Europe, Asia, Australia, South America, and Africa, Cerberus operates through a global network of affiliate and advisory offices. Its diversified strategies and operational depth allow it to navigate complex markets and deliver consistent returns across asset classes and geographies.

COFRA Holding is a diversified, family-owned enterprise that manages a global portfolio of businesses across various sectors, united by a mission to deliver lasting positive and sustainable impact. The firm operates in private equity, real estate, and asset management, alongside direct investments in retail, clean energy, and sustainable food. COFRA Holding oversees more than €35 billion in assets, combining both family capital and external client funds, and employs over 60,000 people across Europe, the Americas, and Asia.The roots of COFRA Holding trace back to 1841 when brothers Clemens and August Brenninkmeijer founded the C&A textile trading business in the Netherlands. COFRA Holding AG itself was formally established in 2001 in Zug, Switzerland, to coordinate the global business interests of the Brenninkmeijer family. The enterprise is guided by a strong ethos of ethical values, human dignity, sustainability, and social justice, aiming to be a force for good in the world while pursuing financial performance.The firm's portfolio includes several key businesses. Bregal Investments serves as COFRA's private equity arm, with various funds focusing on strategies such as European mid-market technology, US growth equity, and buyouts in the DACH region and UK mid-market. Redevco is a prominent European commercial retail and residential real estate business. Anthos Fund & Asset Management provides values-based asset management services. COFRA also makes direct investments in areas like clean energy through Sunrock Investments and sustainable food systems, including vertical farming (Intelligent Growth Solutions) and high-tech greenhouse development (Dalsem, Ontario Plants Propagation).COFRA Holding is wholly owned by descendants of its founders, with a multi-generational commitment to stewardship. The COFRA Board of Directors, chaired by Martijn Brenninkmeijer, is responsible for strategic decision-making, supported by a professional management team led by CEO Boudewijn Beerkens. Key individuals like Jens Brenninkmeijer lead Bregal Investments, and Johanna Brenninkmeijer contributes her expertise in impact investments to the board. The firm fosters an environment where professionals can grow and contribute to addressing global challenges.

eB Capital is a São Paulo-based alternative investment firm founded in 2017 by Eduardo Sirotsky Melzer, Luciana Antonini Ribeiro, and Pedro Parente. The firm focuses on addressing Brazil’s structural challenges by investing in companies that offer scalable solutions in sectors such as healthcare, education, infrastructure, and sustainability. eB Capital combines financial expertise with operational excellence to drive long-term value creation and societal impact. Operating through a multi-asset platform, eB Capital manages five distinct business verticals: eB Private Equity, eB Climate, eB Real Estate, eB Agro Credit, and eB Capital Solutions. Notable investments include Alloha Fibra (fiber optics), Proz Educação (vocational education), Loja do Mecânico (e-commerce for tools), and Cirklo (PET recycling). The firm is also a Certified B Corporation, reflecting its commitment to responsible investment practices. In 2023, eB Capital expanded its global reach by partnering with Marcelo Claure, who acquired a significant stake and joined as Vice Chairman and Managing Partner. The firm is currently in discussions to launch a $600 million climate-focused fund in collaboration with Saudi investors, aiming to further its impact in Brazil's clean energy and sustainability sectors.

Eurazeo is a prominent global investment group specializing in private markets asset management. The firm offers a comprehensive platform that supports companies across various stages of growth, from startups to established mid-market leaders. With a diversified fund offering and an extensive international network, Eurazeo identifies and invests in high-growth potential companies, leveraging deep sector expertise and a long-term vision to foster sustainable value creation. The firm's investment strategies span private equity, private debt, and real assets, catering to a broad range of institutional and private clients.Eurazeo's origins trace back to the merger of Eurafrance and Azeo in April 2001, consolidating decades of investment expertise from entities linked to the Lazard network. This strategic consolidation, guided by figures like Michel David-Weill, aimed to transform a fragmented portfolio into a robust, permanent-capital investment vehicle. The firm quickly evolved from a French industrial holding into a multi-strategy asset manager, establishing a strong presence across Europe and expanding its global footprint.The firm's investment focus is broad, encompassing sectors such as technology, business services, energy transition, healthcare, consumer goods, and financial services. Eurazeo actively supports its portfolio companies through international expansion, digital transformation, and strategic acquisitions. Notable investments include companies across various industries, demonstrating the firm's commitment to building European champions with global ambitions. Eurazeo's team comprises experienced investment professionals and high-level operational experts dedicated to active ownership and hands-on support.Committed to profitable impact-driven companies, Eurazeo integrates a recognized scientific approach to identify and support businesses that address environmental, social, and societal challenges. This responsible investment philosophy is central to its value creation model, aligning financial performance with positive societal impact. The firm's global reach, with 14 offices worldwide, enables it to access diverse markets and deliver strong performance for its investors and shareholders.

General Atlantic is a prominent global growth equity firm that collaborates with high-growth companies to facilitate their expansion and long-term success. Established in 1980, the firm has built a strong reputation for identifying and partnering with visionary entrepreneurs and management teams. Headquartered in New York City, General Atlantic maintains a significant global presence with offices across the Americas, Europe, Asia, and Africa, offering a comprehensive international perspective to growth-stage investments.The firm's investment strategy is concentrated across key sectors including Technology, Healthcare, Financial Services, Consumer, Life Sciences, Climate, and Sustainable Infrastructure. General Atlantic provides not only patient capital but also strategic guidance, operational expertise, and deep industry insights. This hands-on approach enables the firm to support market-leading businesses worldwide, fostering their development and helping them achieve their ambitious goals.General Atlantic was founded by entrepreneur and philanthropist Chuck Feeney in 1980 as the direct investment entity for Atlantic Philanthropies, with the audacious vision to "improve the human condition." Feeney's long-term thinking and entrepreneurial spirit laid the groundwork for the firm's unique approach to patient capital and purposeful partnerships. Over the decades, General Atlantic expanded its funding sources beyond Feeney to include global institutional investors, endowments, and foundations, while maintaining its core values of innovation, integrity, and collaboration.The firm boasts a diverse portfolio of notable investments across its various strategies. Key examples include backing Royalty Pharma ahead of its 2020 IPO, a significant investment in India's digital services platform Jio Platforms, and the acquisition of a majority stake in Joe & The Juice. General Atlantic has also invested in innovative companies such as Anthropic, an AI research company, and acquired Actis, a leading global investor in sustainable infrastructure, to further its commitment to climate solutions. The firm's team comprises over 900 professionals globally, bringing extensive experience and a collaborative spirit to empower its capital partners and portfolio companies.

Lombard Odier is an independent Swiss banking group with a rich history dating back to 1796. The firm operates as a global wealth and asset manager, serving both private and institutional clients. Their core offerings encompass private banking, comprehensive wealth management, and sophisticated asset management solutions. A distinctive aspect of Lombard Odier's approach is its strong emphasis on sustainable investing, aiming to align client objectives with positive environmental and social outcomes.Founded in Geneva, Switzerland, Lombard Odier has maintained its independence through a unique partnership model, where the firm is wholly owned and managed by its Senior Managing Partners. This structure fosters a long-term perspective and a client-centric approach, allowing for stability and continuity across generations. The firm has consistently evolved, integrating cutting-edge banking technology not only for its own operations but also offering these solutions to other financial institutions.While Lombard Odier focuses on a broad range of traditional and alternative investments, specific notable investments or portfolio companies are not publicly highlighted in the provided information, as their primary business revolves around managing client wealth and assets rather than direct venture capital investments in specific startups. Their investment strategies span various asset classes, including private equity, real estate, infrastructure, and natural resources, often with a sustainable lens.The team at Lombard Odier comprises experienced professionals across wealth management, asset management, and technology. The firm emphasizes a culture of excellence, innovation, respect, integrity, and teamwork. With a global presence across more than 25 offices in 19 jurisdictions, their experts provide local expertise combined with an international outlook, ensuring tailored solutions and a deep understanding of diverse market dynamics for their discerning clientele.

LTS Growth is an investment firm dedicated to supporting exceptional leaders and entrepreneurs in realizing their ambitious visions. The firm focuses on providing long-term capital to technology companies across key global markets, including Europe, the United States, and Israel. Their investment strategy is primarily centered on growth-stage opportunities, aiming to fuel the expansion and innovation of their portfolio companies.Established in 2011, LTS Growth was founded by a group of seasoned entrepreneurs and operators. These founders bring a wealth of experience from their previous roles at globally recognized entities such as 3G Capital, known for its involvement with major brands like Burger King and Kraft Heinz, and AB InBev. This background underscores the firm's emphasis on operational excellence and strategic value creation in its investment approach.The firm's portfolio includes notable investments in companies like Gabriel, Groq, and Dexory. These companies operate within critical technology sectors, including general purpose semiconductors and hardware industries. Groq, in particular, suggests an interest in advanced computing and artificial intelligence infrastructure, reflecting the firm's focus on cutting-edge technological advancements.While specific individual team members are not extensively detailed, the firm's foundation by experienced industry operators and entrepreneurs indicates a team with profound expertise in scaling businesses and executing strategic investments. PitchBook reports that LTS Growth comprises approximately 10 professionals, suggesting a focused and agile team dedicated to its investment mandate.

Meraki Impact is an investment firm dedicated to catalyzing the regeneration of the planet and its people through a focused approach on the food system. The firm employs catalytic capital to drive transformative changes, primarily by shifting conventional agricultural practices towards regenerative agriculture. Their investment thesis centers on proving the profitability and scalability of regenerative agriculture, making direct investments at the farm level and supporting early-stage companies and innovative fund managers aligned with their impact-oriented mission. The firm also invests in related areas such as biotechnology, clean energy, circular economy, sustainable production, agri-tech, food-tech, biodiversity, and soil health.The firm embarked on its impact investing journey in 2017, founded by Fernando Russo and Anaisa Seneda. Fernando Russo serves as the General Manager and brings over two decades of business experience, including nine years managing his own company. His commitment to impact investing since 2016 stems from his strong belief in a sustainable food system as a crucial pathway to restoring natural ecosystems.Meraki Impact's investment portfolio includes companies like reNature, an organization focused on regenerative agroforestry, and Natural Tableware, operating within the wood containers and packaging industries. The firm's strategy involves both direct investments in regenerative farms and allocations to impact funds, aiming to foster innovation and demonstrate the viability of regenerative practices across the food value chain.Meraki Impact boasts a diverse and experienced team. Fernando Russo leads as Founder and General Manager, while Vinícius Contieri, based in Amsterdam, heads investments with a background in Chemical Engineering and a CFA Charterholder. Raquel Rodrigues manages operations and community, leveraging over 20 years in business development and a Master's in Ecological Design Thinking. The investment committee includes seasoned professionals like Alberto Sansiviero Junior, with extensive financial markets experience, and Antonio Azevedo, CEO of Luxor Group, alongside Chairman Dr. Ewaldo Russo, a physician-executive with a Post-Doctorate from Harvard University.

MMZR Family Office is an independent multi-family office based in São Paulo, Brazil, specializing in the comprehensive management of global wealth for families. The firm focuses on both liquid and alternative assets across real and financial markets, catering to clients in Brazil and internationally. Their core services encompass wealth management, succession and tax planning, concierge services, and accounting consulting, providing a 360-degree approach to wealth preservation and growth.Founded in 2018 by three former partners of The XP Inc Group, MMZR Family Office was established with the objective of serving high-net-worth individuals in the private market segment. The firm has since expanded its offerings to provide complete, personalized solutions and portfolios tailored to each family's unique profile and objectives, emphasizing impartiality and responsibility in decision-making.As a multi-family office, MMZR Family Office primarily operates as a limited partner, investing in a diverse range of funds rather than making direct company investments. Their "Allocation Alternativos" strategy, for instance, invests in various Venture Capital, Private Equity, and Special Situations funds, allowing clients to diversify their allocation across different managers, strategies, and sectors. They also manage funds focused on global equities and local variable income, including an impact product dedicated to supporting Brazilian Olympic athletes.The team at MMZR Family Office comprises over 30 collaborators, including 8 partners, with expertise spanning market analysis, financial consulting, accounting, and legal advisory. They employ a rigorous investment committee composed of analysts with specialized knowledge across various asset classes, ensuring a technical and content-driven approach to portfolio definition and monitoring. The firm also provides customized solutions, including international transfers, M&A advisory, and personal and corporate credit, through strategic partnerships.

Peninsula Participações is a private investment firm established in 2006 to manage the assets of the prominent Abilio Diniz family. The firm adopts an owner-oriented approach, focusing on long-term value creation across its diverse investment portfolio. Beyond managing proprietary capital, Peninsula Participações also administers resources for third parties, notably in its strategic involvement with Carrefour.The firm's investment strategy is multifaceted, encompassing direct private investments, asset management through O3 Capital, and a dedicated real estate fund, Península Patrimonial, which focuses on commercial properties. Peninsula Participações also operates the Altitude Fund, which targets transformational businesses addressing vital challenges in Brazil and Latin America. This broad scope allows the firm to engage with a variety of opportunities, from established companies to emerging ventures.Peninsula Participações has built a notable portfolio with strategic equity participations in major companies such as Carrefour (in Brazil and France), Wine, and Oncoclínicas. The firm has also made significant investments in the education and healthtech sectors, including companies like Sanar, Descomplica, Hilab, Olist, and Cuidas. These investments span various stages, from Series A to Series E and growth rounds, demonstrating the firm's commitment to supporting companies throughout their development.In addition to its investment activities, Peninsula Participações is deeply involved in social initiatives through the Instituto Península. This third-sector organization is dedicated to improving teacher careers in Brazil, reflecting the firm's belief in the transformative power of quality education. The firm's multidisciplinary and experienced team leverages extensive local and sectoral knowledge to identify and capitalize on investment opportunities, ensuring flexibility and independence in resource allocation.

Sete Partners is an independent investment holding and financial advisory firm with a strong presence in Latin America, China, and the Middle East. The firm specializes in Global Advisory, Asset Management, and Wealth Management, offering a comprehensive ecosystem of solutions for complex opportunities. Their services include the origination, structuring, and execution of intricate transactions such as M&A, joint ventures, and facilitating foreign investor entry into Brazil. They also focus on structuring and managing open-ended funds, structured credit vehicles like FIDCs, and alternative strategies including Private Equity and Real Estate. For wealth management, Sete Partners provides personalized asset management through managed portfolios and exclusive funds, granting access to differentiated opportunities in structured credit and alternative investments.The firm prides itself on aligning strategy, capital, and execution, supported by a team with extensive market expertise. Sete Partners has a track record of over 100 transactions executed and over R$50 billion advised, with more than R$1 billion under management. They have over 25 years of experience in the market, demonstrating a deep understanding of the regions they operate in.Notable activities include coordinating an official Saudi Arabia delegation to Brazil with over 100 executives and global players, connecting R$12 billion in deals between Brazil and China, and structuring Brazil's first nautical FIDC for boat financing through Sete Asset Management. Sete Partners also established a joint venture with China's Tianjin Food Group to introduce Brazilian brands, such as natural juices and açaí, to the Chinese market, highlighting their focus on cross-border business development and consumer goods.The senior and highly qualified team at Sete Partners includes André Skaf as Managing Partner, Caio Rufato as CEO of Global Advisory, and Victor Hossoda as CEO of Asset and Wealth Management. Their collective expertise drives the firm's ability to navigate complex global markets and deliver tailored financial solutions to their clients.

Starr Investment Holdings, LLC (SIH) is a multi-billion dollar investment adviser that focuses on long-term, sustained equity capital investments. The firm leverages the extensive heritage, operational expertise, and robust capital position of its largest client, Starr Insurance Companies. As a duration-agnostic investor, SIH strategically aligns resources, expertise, and capital to maximize the value of each investment, enabling management teams to pursue their long-term vision and drive sustainable value creation. The firm shows a preference for technology companies operating within the healthcare and financial regulatory services sectors, while also seeking opportunities across the United States without explicitly stated industry limitations.The broader entity, Starr, serves as the global marketing name for the investment business of C. V. Starr & Co., Inc., and the insurance and travel assistance companies of Starr International Company, Inc. and their subsidiaries. The origins of Starr trace back to 1919 when Cornelius Vander Starr established his first insurance company in Shanghai, China. Starr Investment Holdings, LLC itself was founded in 2007, with its formal establishment as a Delaware limited liability company occurring in January 2012. C.V. Starr & Co., Inc. holds a significant ownership stake as the sole member of Starr Investment Holdings, LLC.Starr Investment Holdings has built a diverse portfolio of companies through its investments and acquisitions. Notable investments include Crusoe, a Bitcoin mining operation, Consensus Technology Group, and Advanced Radiology, SC. The firm's portfolio also features companies such as At Home Group, CHG Healthcare Services, Rad Partners, Nanyan Information Technology, MultiPlan, and iQor. Additionally, Starr Investment Holdings has completed acquisitions of entities like ConvenientMD and ACA Compliance Group, demonstrating its active role in shaping its portfolio through strategic transactions.The firm prides itself on a global team that combines extensive experience with local expertise, a crucial asset in navigating diverse markets. Starr Investment Holdings operates with a lean team, including partners dedicated to its investment strategies. The organization's century-long history has fostered relationships with influential government and business leaders worldwide, particularly in complex markets such as China, which clients can leverage to advance their own operations.

Zenith Capital Partners is a boutique private equity firm that focuses on accelerating growth and building value within early and growth stage companies. The firm primarily invests in the energy, commodities, and transportation sectors. They combine the capital raising and mergers and acquisitions advisory services of an investment bank with the ability to invest like a private equity fund in client companies.Zenith Capital Partners was founded in 2015. Dean R. Fezza is the President and Co-founder of Zenith Capital Partners LLC. Jeffrey R. Armstrong serves as the Chairman. The firm aims to drive top-line growth and create value for its portfolio companies, with a particular interest in companies leading the clean energy transition and sustainability efforts.The firm's portfolio includes investments such as 562 Gathering, a crude gathering and marketing operation in California (2025), Core Group Resources, a maritime services and consulting company (2025), and Arcos Partners, which focuses on tallow feedstock aggregation in Latin America for U.S. renewable fuel production (2024). A notable realized investment is Sage Energy Holdings (2016), a brokerage firm specializing in liquid petroleum-based commodities, renewables environmental products, and energy, which exited via a strategic public buyer in 2024. Zenith Capital Partners also invested in a wholly owned subsidiary of Mjølner Shipping, providing cargo finance, insurance, and hedging solutions.The team brings extensive industry expertise. Jeffrey R. Armstrong is the founder and CEO of Zenith Energy, a midstream terminal company with operations in North America, South America, and Europe. He previously held various positions at Kinder Morgan Inc., including Vice President of Corporate Strategy and President of the Terminals division. Dean R. Fezza's background includes senior roles at HSH Nordbank in Shipping & Offshore, J.P. Morgan's Corporate & Investment Bank, and management consulting at Booz Allen Hamilton in Logistics & Supply Chain Management.