Leste

What Leste does

Leste is a privately-held global alternative investment platform founded in June 2014 in Rio de Janeiro and now headquartered in Miami. The firm manages over $2 billion in assets under management across three core asset classes: Private Equity, Special Situations, and Real Estate, operating through nine business units including Global Investments (liquid strategies), Leste Credit (US credit), Leste Real Estate Brazil, Leste Private Equity Brazil, Leste Litigation Finance, Structured Credit, and Leste Aliya Capital (PRE-IPO). The platform serves institutional investors and sophisticated retail investors globally, distributing its products exclusively through authorized partners within the securities distribution system via confidential private offering memoranda.

The underlying operating infrastructure is a dual-jurisdiction investment management platform anchored by three SEC-registered US entities and four CVM-registered Brazilian entities (Leste Administração de Recursos, Leste Credit Gestão de Recursos, Leste Private Equity Gestão de Recursos, and Leste Financial Services Gestão de Recursos), with Leste Clearway Capital operating as an exempt reporting adviser. The firm has built a portfolio of more than 30 specialized funds and operating subsidiaries, including LORE Development Group (US real estate development), Leste Kapital Mobility Services (cell phone leasing), and minority stakes in Prestige Cosmetics and platforms Eastview and Lendmarq (under Resfin Partners). Geographic footprint spans five offices across three continents: Miami, New York, São Paulo, Rio de Janeiro, and Bogotá.

Revenue is generated primarily through asset management fees based on AUM across multiple investment strategies, supplemented by performance fees and carried interest from successful fund returns and proprietary capital investment returns. The pricing model is not publicly disclosed, with offerings made only to certain sophisticated investors in jurisdictions where permitted by law. As of the most recent disclosures, the firm has 90+ professionals, with co-founder Emmanuel Hermann serving as Founder and Chief Executive Officer.

Name

Leste

Legal name

Leste Holding, LLC

Website

https://leste.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Leste is a Miami-headquartered global alternative investment platform with Brazilian origins, managing over $2 billion in AUM across Private Equity, Special Situations, and Real Estate strategies. The firm serves institutional and sophisticated investors across three continents through SEC- and CVM-registered entities and a network of authorized distribution partners.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599), Other Financial Vehicles (525990), Open-End Investment Funds (525910), Open-End Investment Funds (52591)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Real Estate Investment Trusts (6798), Asset-Backed Securities (6189), Finance Lessors (6172), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Litigation Finance / Legal Assets Special Situations Funds (FSANAKAK)

akta.pro secondary industries

Direct Lending — Venture Debt (FSAHAJAD), Venture Debt with Warrants (Hybrid Debt-Equity) (FSANAIAI), Litigation / Claims & Bankruptcy-Related Trading (FSAHACAG)

Keywords

• Alternative investments
• Private equity funds
• Special situations credit
• Real estate development
• Global asset management

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Leste Group generates revenue through management fees based on assets under management across its various investment strategies including Private Equity, Special Situations, and Real Estate.
2. Performance Fees / Carried Interest: Investment management includes performance-based fees and carried interest from successful fund returns.
3. Investment Returns: The firm generates returns through proprietary capital investments in managed strategies, aligning interests with investors.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Leste Group is a global alternative investment platform that manages approximately $2 billion in assets under management across three core strategies: Private Equity (Leste Catalyst and Leste Evergreen), Special Situations / Credit (Leste Credit, Leste Yield, Leste Inflation Plus), and Real Estate (LORE Development Group and LNL Capital). The firm raises capital from institutional investors and individual accredited investors through private placement memoranda and deploys it into proprietary deals, serving as lead investor with partners co-investing personal capital alongside limited partners.

Product overview

Leste Group is a Global Alternative Investment Platform with Brazilian DNA, offering a multi-strategy platform across Private Equity, Special Situations, and Real Estate asset classes. The platform operates through multiple business units including Global Investments (liquid strategies), Leste Credit (US-focused credit), Leste Real Estate Brazil, Leste Private Equity Brazil, Leste Financial Services (support operations), Leste Litigation Finance, Structured Credit, and Leste Aliya Capital (PRE IPO). The company manages numerous specialized funds across credit, real estate, and event-driven strategies, and has invested in platforms like Eastview and Lendmarq for real estate lending, as well as stakes in external companies like Prestige Cosmetics. The platform is designed to deliver consistent risk-adjusted returns through institutional-grade processes combined with an entrepreneurial approach, serving investors globally with teams across Miami, New York, São Paulo, Rio de Janeiro, and Bogotá.

Differentiator

Problem solved

Functional benefit

Products and services

• Leste Catalyst Private Equity strategy targeting companies with between $20-100M EBITDA, serving institutional and accredited investors seeking middle-market private equity exposure.
• Leste Evergreen Private Equity strategy focused on mature, profitable companies with proven management teams, for investors seeking established, cash-generative businesses.
• Leste Global Investments Flagship private equity business unit of Leste, serving as the primary PE platform managing diversified private equity investments globally.
• Leste Credit Special Situations credit business unit managing four credit funds with over $600M AUM, offering investors exposure to private credit strategies.
• Leste Yield Credit fund under Leste's Special Situations strategy, providing investors with yield-oriented credit exposure.
• Leste Inflation Plus Credit fund under Leste's Special Situations strategy, designed to deliver inflation-protected returns.
• LORE Development Group Real Estate business unit focused on ground-up development and adaptive reuse projects in Miami, serving investors seeking US real estate development exposure.
• LNL Capital Real Estate business unit investing in high-end residential development in Brazil, providing investors with exposure to Brazilian luxury real estate.
• Leste Aliya Capital Specialized Leste business unit based in Tel Aviv, focused on Israel-related investments for global investors.
• Leste Kapital Mobility Services Specialized Leste business unit focused on mobility and transportation-related investments, offering exposure to the mobility sector.

Quantifiable outcome

• Reached $2 billion in AUM by September 2023

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• BTG Pactual: Largest Latin American investment bank and alternative asset manager, offering private equity, credit, real estate, and structured strategies. Directly comparable as a Brazilian-rooted, multi-strategy alternatives platform with both liquid and illiquid products; BTG also acquired Leste's former NPL business.
• Ares Management: Large global alternative asset manager with significant credit, real estate, and private equity platforms. Comparable as a multi-strategy alternatives platform; Leste's credit, real estate lending, and special situations strategies overlap with Ares' core franchises.
• Brookfield Asset Management: Global alternative asset manager with large real estate, credit, private equity, and infrastructure platforms. Comparable to Leste's real estate, credit, and private equity strategies, and the Opportunity Fundo partnership for Miami development mirrors Brookfield's cross-border institutional real estate model.

Direct peers

• Vinci Partners: Brazilian-headquartered alternative investment platform listed on Nasdaq, offering private equity, credit, real estate, infrastructure, and hedge funds. Closest direct comparable to Leste given similar multi-strategy alternatives model, Brazil focus with US expansion, and institutional LPs.
• Patria Investments: Latin American alternative asset manager with private equity, credit, infrastructure, and real estate strategies, listed on Nasdaq. Closely comparable to Leste in terms of multi-strategy alternatives, Brazil-LatAm focus, and cross-border expansion ambitions.
• Gávea Investimentos: Brazilian alternative asset manager founded by former central bank president Arminio Fraga, offering macro, private equity, credit, and real estate strategies. Comparable multi-strategy model with strong institutional brand and similar Brazilian institutional client base.
• 3G Capital: Brazilian-founded global private equity firm focused on consumer and financial services buyouts. Comparable as a Brazilian-rooted alternatives manager with North American expansion and institutional LP base, though more concentrated in private equity.
• Burford Capital: Global leader in litigation finance with significant institutional investor base. Direct comparable to Leste's Litigation Finance business unit and Special Situations platform, both providing capital for legal proceedings and recovery assets.

Emerging players

• StepStone Group: Multi-strategy alternatives platform providing private equity, real estate, credit, and infrastructure exposure, with growing global footprint. Comparable as a multi-strategy alternatives platform seeking institutional LPs across geographies, though focused on funds-of-funds and co-investments.
• Hamilton Lane: Private markets investment management firm with private equity, credit, and infrastructure strategies serving institutional LPs globally. Comparable in offering institutional LPs diversified private markets exposure with co-investment and secondary solutions alongside direct funds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lestegroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Leste