TERA Capital

What TERA Capital does

TERA Capital operates as an independent Multi Family Office (MFO) headquartered in São Paulo, Brazil, with a secondary presence in New York. The firm is privately held by partners originally from Patria Investments and serves an exclusive base of ultra-high-net-worth business families (Famílias Empresárias), with adjacent services to Single Family Offices and Endowments. Its core offering is a three-pillar wealth management platform: Trusted Advisor (holistic family office services including strategic coordination with external specialists and next-generation engagement), Global Wealth Management (investment management with approximately 85% of assets allocated internationally across developed markets, supported by ten proprietary strategies and a credentialed investment team holding CFA, CQF, and PhD designations), and Wealth Planning (succession planning, multi-jurisdictional structures, tax residency transitions, and global asset consolidation).

Revenue is generated primarily through AUM-based advisory fees charged to family and institutional clients, supplemented by management of structured-credit funds (FIDC Consorciei Zero, FIDC Yellowstone, and FIDC Consorciei III). The firm donates 100% of administration fees on approximately R$400 million in Viva Rio (VRB) social-impact fund assets, treating that mandate as a reputational/ESG asset rather than revenue. Pricing is not publicly disclosed and the model relies on high-touch, exclusive relationship management rather than scale distribution; no public listing, funding rounds, or institutional ownership are disclosed. Supporting infrastructure includes an in-house developed reporting system for portfolio monitoring and a content platform (Carta Mensal monthly letter, BiblioTERA curated knowledge library, TERA Academy next-generation education program) that functions as client retention and brand-building tooling.

Name

TERA Capital

Legal name

TERA INVESTIMENTOS LTDA

Website

https://teracapital.com.br

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

TERA Capital is an independent Brazilian Multi Family Office, founded in 2015 and headquartered in São Paulo with a New York office, serving ultra-high-net-worth business families with global wealth management, succession planning, and multi-jurisdictional wealth structuring under a Trusted Advisor model.

Ownership category

akta.pro rank

Product category

Multi-Family Office Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (525920), Trust, Fiduciary, and Custody Activities (523991)

SIC

Investment Advice (6282)

akta.pro primary industry

Family Office Services (Single & Multi-Family Office) (FSABADAF)

akta.pro secondary industries

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH), Estate Planning, Trust Structuring & Governance (FSAAADAF), Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF), Trust & Estate Tax Planning & Compliance (FSAEAKAE)

Keywords

• Multi family office
• Wealth management services
• Global asset allocation
• Wealth planning advisory
• Investment management

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wealth Management Advisory Fees: AUM-based management fees for comprehensive wealth management services including global wealth management, trusted advisor services, and wealth planning for business families.
2. VRB Fund Administration (Philanthropic): TERA Capital donates 100% of the administration fee for VRB (Viva Rio) funds. They manage R$400 million in VRB funds as part of their social impact commitment, working with other prominent managers through an Investment Council.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels4 records

Core offering

TERA Capital operates as an independent Multi Family Office serving ultra-high-net-worth business families with three core service lines: Trusted Advisor (family office services including holistic client diagnosis and specialist connections), Global Wealth Management (investment management with 85% international allocation across developed markets), and Wealth Planning (succession planning, cross-border structures, and fiscal residency transitions). The firm also manages structured credit funds (FIDC) and supports Single Family Offices and Endowments through its Investment Office vertical.

Product overview

TERA Capital operates as a Multi Family Office offering an integrated wealth management platform. The core offerings include Trusted Advisor (family office services), Global Wealth Management (investment management with 85% international exposure), and Wealth Planning (succession and estate planning). Supporting modules include the Carta Mensal monthly market commentary, BiblioTERA knowledge library, and Investment Office services for institutional clients. The firm also manages structured credit funds (FIDC). All services are delivered through 28 professionals with 10 proprietary investment strategies, maintaining 100% independence.

Differentiator

Problem solved

Functional benefit

Products and services

• Trusted Advisor
• Global Wealth Management
• Wealth Planning
• FIDC Funds

Quantifiable outcome

• 85% international asset allocation providing global market exposure
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Viva Rio (VRB)coreStrategic or Co-development PartnerTERA Capital is a signatory to PRI (Principles for Responsible Investment) and is sensitized to Viva Rio's mission of promoting a Culture of Peace and Enabling Social Inclusion. TERA manages R$400 million in VRB funds and donates 100% of the administration fee, working jointly with other prominent managers through an Investment Council.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• XP Inc. Brazilian financial services platform with growing wealth/private banking arm. Competes for mass-affluent to UHNW Brazilian families with broader product offering; relevant as a scaled private-market competitor.
• Banco Safra Private Bank: Brazilian private bank with strong UHNW wealth management and family office services. Targets similar business family client base with full banking capabilities that TERA cannot match.
• BTG Pactual Wealth Management: Largest independent Brazilian investment bank with a dedicated wealth management vertical serving UHNW families. Competes with TERA for the same business family segment but with much broader product suite and balance sheet.
• Itaú Private Bank: Brazil's largest private bank with an established MFO-style offering for UHNW business families. Significant competitor due to scale and one-stop banking, but bank-affiliated model contrasts with TERA's independence.
• Patria Investments: Major Brazilian alternative investment platform with wealth/private equity offerings. Notable because TERA was created by Patria partners, and Patria serves an overlapping UHNW business family client base with broader scale.

Direct peers

• Verde Asset Management: Independent Brazilian asset manager with strong ESG/PRI orientation and proprietary strategies, serving institutional and family office clients. Comparable in independence, proprietary strategy count, and ESG positioning.
• Vinci Partners: Independent Brazilian alternative asset manager and wealth manager serving HNW/UHNW clients with proprietary strategies. Comparable as an independent, partner-owned investment platform with overlapping client base of business families.
• Praxis Multi Family Office: Brazilian Multi Family Office serving UHNW families with similar holistic offerings: investment management, succession planning, and governance. Closest direct comparable in scale and business model within the Brazilian MFO segment.
• GPS Multi Family Office: Brazilian Multi Family Office with comparable service suite (global wealth management, succession planning, trusted advisory) targeting entrepreneurial families. Direct competitor in the same boutique MFO tier as TERA.
• Constellation Multi Family Office: Independent Brazilian MFO focused on business families with proprietary investment solutions and wealth planning. Operates in the same niche with similar high-touch, relationship-driven model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about TERA Capital