Brasil Capital
Brasil Capital is a São Paulo-based equity investment management firm founded in 2008, managing R$365M across three funds focused exclusively on Brazilian listed companies. It serves qualified investors, pension funds, and retail clients through 20+ digital brokerage platforms.
- Company typePrivate
- Founded2008
- HeadquartersBrasil, Brazil
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Brasil Capital does
Brasil Capital (legal name BC Gestão de Recursos LTDA) is a São Paulo-based investment management firm founded in 2008 that operates a single equity strategy focused exclusively on Brazilian listed companies. The firm manages three core equity funds — Brasil Capital FIC FIA (flagship, launched October 2008, qualified investors), Brasil Capital Inst 30 FIC FIA (launched August 2012, general investors), and Brasil Capital RP INST FIC FIA (launched April 2021, EFPC/RPPS pension entities) — plus three pension-wrapped variants (Brasil Capital 70 XP FIM, Brasil Capital 100 XP FIA, Brasil Capital 100 B FIC FIA) distributed through insurance and brokerage partners. Total assets under management across the three main funds reached R$365.32 million as of June 2026, with cumulative since-inception returns of 1,394.39% (FIC FIA, since October 2008) and 195.10% (Inst 30, since August 2012) per disclosed performance reports.
The firm's investment process is built on fundamental analysis of "superior quality business models" led by "competent, honest, and aligned" management teams, purchased at attractive valuations with a margin of safety. There is no proprietary technology platform, AI/ML component, or app — Brasil Capital is a traditional discretionary long-only equity manager. Revenue is generated through management/administration fees (1.5%–3.0% p.a. on AUM depending on fund) and performance fees (typically 20% of returns exceeding the Ibovespa or IGPM+6% benchmark), payable on a subscription/recurring basis to qualified investors, pension funds, and retail customers.
Distribution is exclusively indirect, conducted through more than 20 Brazilian digital brokerage platforms (XP, BTG Digital, Banco Inter, Warren, Rico, Toro, Guide, Genial, Modal Mais, Nu Invest, C6Bank, PagSeguro, ANDBANK, among others) and insurance companies (XP Seguridade, BTG) for pension products. Back-office functions are outsourced to tier-one service providers (BNY Mellon as administrator/custodian for Inst 30; Banco Bradesco and BEM DTVM for the RP fund; KPMG/EY as auditors). The firm employs 11–50 people and operates from a single office in the Itaim Bibi district of São Paulo.
Brasil Capital firmographics
Firmographics- Name
- Brasil Capital
- Legal name
- BC Gestão de Recursos LTDA
- Website
- https://brasilcapital.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Brasil Capital is a São Paulo-based equity investment management firm founded in 2008, managing R$365M across three funds focused exclusively on Brazilian listed companies. It serves qualified investors, pension funds, and retail clients through 20+ digital brokerage platforms.
- Ownership category
- akta.pro rank
Brasil Capital industry classification
Industry- Product category
- Equity Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Central Bank Reserve Management (FSAAAGAF)
- akta.pro secondary industry
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)
Keywords
Where Brasil Capital is headquartered
LocationHeadquarters
- HQ city
- Brasil
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Brasil Capital business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Management and Performance Fees: Brasil Capital generates revenue through management fees (administration fees) and performance fees (taxa de performance) charged on assets under management. The performance fee is typically 20% of returns exceeding a benchmark (Ibovespa or IGPM+6%).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Brasil Capital FIC FIA - Main retail fund for qualified investors |
| Subscription | Annual | Brasil Capital Inst 30 FIC FIA - Institutional fund |
| Subscription | Annual | Brasil Capital RP INST FIC FIA - Pension fund focused |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Brasil Capital product offering
Product offeringCore offering
Brasil Capital is an equity investment management firm that manages and distributes investment funds (FIA) focused exclusively on Brazilian listed companies. Its portfolio of funds includes the flagship Brasil Capital FIC FIA, Brasil Capital Inst 30 FIC FIA, and Brasil Capital RP INST FIC FIA for institutional pension investors, plus pension fund variants distributed through XP and BTG platforms. The firm applies fundamental analysis under a single investment philosophy targeting quality business models with competent management and attractive valuations.
Product overview
Brasil Capital is an equity investment management firm that operates a portfolio of distinct investment funds. The core offering consists of three main equity funds: Brasil Capital FIC FIA (the flagship fund for qualified investors, launched in 2008), Brasil Capital Inst 30 FIC FIA (for general investors, launched in 2012), and Brasil Capital RP INST FIC FIA (retirement-focused fund for pension entities, launched in 2021). These are complemented by three pension fund variants—Brasil Capital 70 XP FIM, Brasil Capital 100 XP FIA, and Brasil Capital 100 B FIC FIA (BTG)—which share the same equity investment strategy but are structured to meet pension regulatory requirements and distributed through specific platforms (XP and BTG). All funds operate under a single investment philosophy focused on superior quality Brazilian listed companies with competent management and attractive valuations.
Differentiator
Problem solved
Functional benefit
Products and services
- Brasil Capital FIC FIA The flagship equity investment fund focused on Brazilian listed companies, launched on October 13, 2008. It targets qualified investors and has delivered 1,394.39% cumulative returns since inception. The fund follows a single investment strategy focused on superior quality business models with competent management teams. Minimum investment R$1,000 with D+14 settlement and a 20% performance fee on returns exceeding IGPM+6%.
- Brasil Capital Inst 30 FIC FIA An equity fund launched on August 27, 2012, designed for general and institutional investors. It offers 1.5% annual administration fee and 20% performance fee on returns exceeding Ibovespa. The fund has accumulated 195.10% returns since inception and is classified as Ações Livre by ANBIMA. Minimum investment R$100,000 with R$10,000 minimum movements. Administered by BNY Mellon with KPMG audit.
- Brasil Capital RP INST FIC FIA A retirement-focused equity fund launched on April 13, 2021, targeting EFPC (supplementary pension entities under Resolução CMN 4.661) and RPPS (public servant pension funds under Resolução 3.922). It features 3.00% annual administration fee with no performance fee, D+30 redemption settlement, and requires R$1,000 minimum investment. Banco Bradesco serves as custodian and BEM DTVM as administrator, with EY as independent auditor.
- Brasil Capital 70 XP FIM A pension fund with a 70% variable income allocation limit, designed for general investors. It follows the same equity investment strategy as traditional Brasil Capital funds with regulatory restrictions specific to pension products, distributed through XP Seguridade's platform.
- Brasil Capital 100 XP FIA A pension fund allowing up to 100% variable income allocation, targeted at qualified investors. It maintains the core Brasil Capital equity strategy while complying with pension legislation requirements, distributed through XP Seguridade.
- Brasil Capital 100 B FIC FIA (BTG) A pension fund available through BTG Pactual platform, offering 100% variable income allocation. Distributed exclusively via BTG's digital platform for private pension products, serving the same Brasil Capital equity strategy under pension regulation.
Quantifiable outcome
- 1394.39% cumulative return since inception (2008)
- +1 more outcomes
Companies that use Brasil Capital
Customer profileSegments3 records
Ideal customer profiles3 records
Brasil Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Brasil Capital partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core and minor.
- XP InvestimentoscoreXP Investimentos is a primary distribution platform for Brasil Capital funds, offering Brasil Capital FIC FIA and Brasil Capital 30 FIC FIA to its investor base.
- BTG DigitalcoreBTG Digital distributes Brasil Capital funds including Brasil Capital 30 FIC FIA and Brasil Capital 100 B FIC FIA for pension products.
- Banco InterminorDigital bank offering Brasil Capital 30 FIC FIA to its retail investor customers.
- WarrenminorWealth management platform distributing Brasil Capital funds to its customer base.
- RicominorDigital brokerage platform offering Brasil Capital funds.
- Toro InvestimentosminorDigital investment platform distributing Brasil Capital funds.
- Guide InvestimentosminorBrokerage platform distributing Brasil Capital funds.
- Genial InvestimentosminorDigital brokerage platform distributing Brasil Capital funds.
- Modal MaisminorDigital investment platform distributing Brasil Capital funds.
- Nu InvestminorNubank's investment platform distributing Brasil Capital funds.
- C6BankminorDigital bank platform distributing Brasil Capital funds.
- Agora InvestimentosminorBrokerage platform distributing Brasil Capital funds.
- ANDBANKminorPrivate banking platform distributing Brasil Capital funds.
- ATIVA InvestimentosminorBrokerage platform distributing Brasil Capital funds.
- Mirae AssetminorBrokerage platform distributing Brasil Capital funds.
- NectonminorBrokerage platform distributing Brasil Capital funds.
- PagSegurominorDigital payments platform investment offering Brasil Capital funds.
- RB InvestimentosminorInvestment platform distributing Brasil Capital funds.
- Terra InvestimentosminorBrokerage platform distributing Brasil Capital funds.
- CM CapitalminorCapital markets platform distributing Brasil Capital funds.
- BREminorDigital platform distributing Brasil Capital funds.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Brasil Capital competitors and assessment
Company assessmentDirect peers
- Verde Asset Management: Brazil's flagship long-only equity manager founded by Luis Stuhlberger, focused on Brazilian listed equities via active mutual funds. Directly comparable single-strategy boutique with similar distribution via Brazilian corretoras and institutional channels.
- Dynamo Administração de Recursos: Boutique Brazilian equity manager with a value/margin-of-safety philosophy similar to Brasil Capital. Long-running single-strategy focus on Brazilian listed companies makes it one of the closest comparables by investment style.
- Squadra Investimentos: Independent Brazilian asset manager focused primarily on long-only equity strategies. Comparable boutique-scale manager with similar distribution and Brazilian equity mandate.
- ARX Investimentos: Brazilian long-biased equity and macro manager with concentrated portfolios of Brazilian listed equities. Comparable boutique structure and channel-driven distribution model.
- Bogari Capital: Boutique Brazilian asset manager dedicated to Brazilian equity strategies. Closely comparable focus area, boutique scale, and distribution through Brazilian brokerage platforms.
- Constância Investimentos: Brazilian long-only equity boutique with similar active management approach to Brazilian listed companies. Comparable in scale and single-strategy positioning.
Broad incumbents
- Gávea Investimentos: Major independent Brazilian asset manager (founded by former central banker Armínio Fraga) offering multi-strategy mandates including equities. Larger-scale incumbent with overlapping equity capabilities but broader portfolio.
- Vinci Partners: Publicly listed Brazilian alternative asset manager with private equity, equities, infrastructure and credit strategies. Larger incumbent with overlapping Brazilian equity mutual fund products distributed via the same platforms.
- BTG Pactual Asset Management: Asset management arm of BTG Pactual, one of Brazil's largest investment banks, distributing Brasil Capital's own pension product (Brasil Capital 100 B FIC FIA) on its platform. Represents the dominant incumbent in Brazilian equities and alternative funds.
- Itaú Asset Management: Brazil's largest asset manager and part of Itaú Unibanco, offering extensive equity, fixed income, and multi-asset funds across retail and institutional channels. Sets the scale benchmark Brasil Capital competes against on the same distribution platforms.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Brasil Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brasil Capital leadership team
Management profileNumber of profiles
Profiles11 records
Brasil Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brasil Capital M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Brasil Capital
What does Brasil Capital do?
Brasil Capital is an equity investment management firm that manages and distributes investment funds (FIA) focused exclusively on Brazilian listed companies. Its portfolio of funds includes the flagship Brasil Capital FIC FIA, Brasil Capital Inst 30 FIC FIA, and Brasil Capital RP INST FIC FIA for institutional pension investors, plus pension fund variants distributed through XP and BTG platforms. The firm applies fundamental analysis under a single investment philosophy targeting quality business models with competent management and attractive valuations.
Is Brasil Capital a public or private company?
Brasil Capital is a private company. It is classified as management employee owned and is currently operating.
When was Brasil Capital founded?
Brasil Capital was founded in 2008. It employs 11 to 50 people.
Where is Brasil Capital based?
Brasil Capital is headquartered in Brasil, Brazil, in the Latin America region.
How does Brasil Capital make money?
One revenue line is on record: management and Performance Fees.
Who are Brasil Capital's main competitors?
Direct peers on record are Verde Asset Management, Dynamo Administração de Recursos, Squadra Investimentos, ARX Investimentos, Bogari Capital and Constância Investimentos. Broad incumbents are Gávea Investimentos, Vinci Partners, BTG Pactual Asset Management and Itaú Asset Management.
Does Brasil Capital have an API?
No public API is recorded for Brasil Capital.
What industry is Brasil Capital in?
Brasil Capital's product category is Equity Asset Management. Its primary akta.pro industry code is FSAAAGAF, Central Bank Reserve Management, with a secondary code of FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms. Its NAICS code is 523940 and its SIC code is 6282.