Milenio Capital
Milenio Capital is a São Paulo-based Brazilian private credit asset manager managing R$ 3.0 billion+ across 40+ FIDC, FIAGRO, FIF, and FIC-FIDC vehicles, serving Qualifying and Professional Investors and Brazilian businesses seeking end-to-end credit structuring solutions.
- Company typePrivate
- Founded2013
- HeadquartersSão Paulo, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Milenio Capital does
Milenio Capital, operating as Milênio Capital Gestão de Investimentos Ltda., is a São Paulo-based Brazilian asset manager focused exclusively on the private credit market. The firm manages R$ 3.0 billion+ in assets across more than 40 regulated fund vehicles spanning FIDC (receivables investment funds), FIAGRO (agribusiness investment funds), FIF (financial investment funds), and FIC-FIDC structures, with funds registered with CVM and listed on B3 and administered by regulated institutions including BTG Pactual, Oliveira Trust, BRL Trust DTVM, Singulare Corretora, Vórtx, Banco Daycoval, and CM Capital Markets. Its product surface includes first-mover structures such as the first FIDC of Income Share Agreement (ISA) in Brazil (structured for edtech Trybe) and the first FIAGRO targeted at distributors, cooperatives, and rural producers (structured for agtech TerraMagna).
The firm operates a one-stop-shop credit platform covering origination, structuring, fundraising, monitoring, reporting, credit policy design, and advisory board participation for Brazilian businesses, and supplies these investment products to Qualifying and Professional Investors. Portfolio companies span agtech (TerraMagna, Gemma, RumiCash), fintech (SuperSim, RecargaPay, Paketá), edtech (Trybe), energy efficiency (Stylux), chemicals (SB Chemicals), retail (Supermercado), mobility (Easy Carros, Kovi, Tembici), telecom (Supercomm), cloud (Ativy Digital), and consortium management (BomConsórcio). Milenio pairs credit structuring with technology capabilities — internally described as "technology-intensive" — across the full credit cycle.
Revenue is generated through asset management fees on regulated fund vehicles and credit structuring and advisory mandates, supplemented by participation in the XDC Network / Liqi Digital Assets tokenized real-world assets initiative alongside Banco Itaú, Banco ABC, and Banco BV. The firm maintains a São Paulo headquarters in Itaim Bibi and a Rio de Janeiro office in Ipanema, and is led by Fabrizzio Marchetti (CIO), Felipe Casoni (COO), Raphael François (CTO), Renata Laguna (Head of Legal & Compliance), Ulisses Figueiredo (Portfolio Manager), Leandro Rodrigues and Vitor Wesseling (Structuring), with co-founder and CSO Gustavo Ahrends.
Milenio Capital firmographics
Firmographics- Name
- Milenio Capital
- Legal name
- Milênio Capital Gestão de Investimentos Ltda.
- Website
- https://milenio.capital
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Milenio Capital is a São Paulo-based Brazilian private credit asset manager managing R$ 3.0 billion+ across 40+ FIDC, FIAGRO, FIF, and FIC-FIDC vehicles, serving Qualifying and Professional Investors and Brazilian businesses seeking end-to-end credit structuring solutions.
- Ownership category
- akta.pro rank
Milenio Capital industry classification
Industry- Product category
- Private Credit Asset Management
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599), Other Investment Pools and Funds (5259)
- SIC
- Miscellaneous Business Credit Institution (6159), Asset-Backed Securities (6189), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)
- akta.pro secondary industry
- Private Credit — Infrastructure Debt & Project Finance (FSAHAJAJ)
Keywords
Where Milenio Capital is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices2 records
Markets served
Milenio Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Asset Management Fees: Milenio Capital earns fees through managing private credit investment funds (FIDC, FIAGRO, FIF structures). The funds include FIDC (Fundo de Investimento em Direitos Creditórios), FIAGRO (Fundo de Investimento nas Cadeias Produtivas Agroindustriais), FIF (Fundo de Investimento Financeiro), and FIC structures targeting investors in Brazil's private credit market.
- Credit Structuring and Advisory Services: Milenio provides customized credit solutions to businesses across the entire credit cycle, including structuring of debt vehicles, corporate debt structuring, credit policy design, and participation in advisory boards, generating revenue through fees and carried interest from the funds they manage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Private credit fund management with customized solutions for investors and businesses. |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Milenio Capital product offering
Product offeringCore offering
Milenio Capital is a Brazilian asset manager focused on the private credit market, managing more than R$ 3.0 billion across 40+ investment fund vehicles in FIDC, FIAGRO, FIF, and FIC structures. The firm provides customized credit solutions for businesses across the entire credit cycle — from receivables advancement and venture debt to credit policy design, structuring, monitoring, and advisory board participation — while delivering differentiated return opportunities to Brazilian qualifying and professional investors.
Product overview
Milenio Capital is a Brazilian asset manager offering a platform of private credit investment funds and credit cycle management services. The core offering consists of multiple fund vehicles across different categories (FIDC, FIAGRO, FIF) managed by the firm, complemented by a suite of services including credit structuring, management, monitoring, and advisory. The funds span various strategies such as agribusiness, receivables advancement, private payroll loans, personal credit, education, energy efficiency, venture debt, mobility, and consortiums, each managed as distinct products within the platform.
Differentiator
Problem solved
Functional benefit
Products and services
- FIDC - Fundos de Investimento em Direitos Creditórios Private credit investment fund vehicles (FIDC) managed by Milenio Capital, offering investors exposure to diversified credit portfolios across sectors including agribusiness, financial services, education, and mobility.
- FIAGRO - Fundos de Investimento nas Cadeias Produtivas Agroindustriais Agribusiness investment fund vehicles (FIAGRO) structured to finance distributors, cooperatives, and rural producers through pulverized operations with diversified risk among sector agents.
- FIF - Fundos de Investimento Financeiro Investment fund (FIF) vehicles providing exposure to multimarket credit strategies with different risk profiles and investor suitability classifications.
- Credit Cycle Services (One-Stop-Shop Credit Solution for Businesses) One-stop-shop credit solution services for businesses covering the entire credit cycle including structuring, management, fundraising, monitoring, reporting, credit policy design, and advisory board participation.
Quantifiable outcome
- R$ 3.0 billion+ in assets under management
- +4 more outcomes
Companies that use Milenio Capital
Customer profileNamed customers16 records
Ideal customer profiles2 records
Milenio Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Milenio Capital partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor and core.
- XDC NetworkminorMilenio Capital is listed as a participant in XDC Network's tokenized real-world assets initiative in Brazil, collaborating with Liqi Digital Assets and major Brazilian banks including Banco Itaú, Banco ABC, and Banco BV. The initiative surpassed $100 million in tokenized RWA in Brazil with a target of $500 million in tokens by 2026.
- Liqi Digital AssetscoreLiqi Digital Assets is the primary digital assets platform partner for the tokenized RWA initiative involving Milenio Capital, XDC Network, and major Brazilian banks in Brazil's real-world asset tokenization market.
- Banco ItaúcoreBanco Itaú is one of Brazil's largest banks and participates in the tokenized real-world assets initiative alongside Milenio Capital, XDC Network, and Liqi Digital Assets.
- Banco ABCminorBanco ABC participates in the XDC Network tokenized real-world assets initiative in Brazil alongside Milenio Capital.
- Banco BVminorBanco BV participates in the XDC Network tokenized real-world assets initiative in Brazil alongside Milenio Capital.
- BTG Pactual Serviços Financeiros DTVMcoreBTG Pactual serves as the fund administrator for several Milenio Capital funds including AGROFIN MILENIO EQI FIC-FIAGRO RL and MILENIO 180 FIFC FIM CP RP, providing regulatory administration and distribution infrastructure.
- Oliveira Trust Distribuidora de Títulos e Valores MobiliárioscoreOliveira Trust serves as the fund administrator for AGROGALAXY FORNECEDORES FIAGRO-DC and other Milenio Capital funds.
- BRL Trust DTVM S.A.coreBRL Trust DTVM serves as the fund administrator for BC CONSÓRCIO FIDC and other Milenio Capital funds.
- Singulare Corretora de Títulos e Valores MobiliárioscoreSingulare Corretora serves as the fund administrator for AGROFORTE FIDC Financeiros RL.
- Vórtx Distribuidora de Títulos e Valores MobiliáriosminorVórtx serves as the fund administrator for CULTTIVO CRÉDITO AGRÍCOLA FIAGRO-DC RL.
- Banco Daycoval S.A.minorBanco Daycoval serves as the fund administrator for MILENIO PFN FIDC RL.
- CM Capital Markets Distribuidora de Títulos e Valores MobiliáriosminorCM Capital Markets serves as the fund administrator for EDISON FIDC.
- Datagro FinancialcoreDatagro Financial is a co-development partner with Milenio Capital and Vectis Gestão in the Gemma project, jointly exploring credit offerings and structuring lines for agribusiness sector entities.
- Vectis GestãocoreVectis Gestão is a co-development partner with Milenio Capital and Datagro Financial in the Gemma project, jointly exploring credit offerings and structuring lines for agribusiness sector entities.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Milenio Capital competitors and assessment
Company assessmentEmerging players
- Solfácil: Brazilian fintech operating a credit and solar receivables platform with FIDC-backed lending. Comparable as an emerging player in specialized Brazilian private credit verticals (energy/solar), intersecting with Milenio's portfolio.
Broad incumbents
- JGP Asset Management: Established Brazilian multi-strategy asset manager with credit and macro capabilities. Comparable as a larger incumbent with overlapping credit fund offerings and institutional distribution.
- XP Inc. Brazilian financial platform with large asset management and credit fund distribution operations. Comparable as a broad incumbent with private credit products and B3-listed fund distribution.
- BTG Pactual: Brazil's largest independent investment bank with extensive credit fund, FIDC, and private debt offerings. Comparable as a broad incumbent administering and competing in the same credit fund categories.
- Verde Asset Management: Brazilian alternative asset manager with credit and structured strategies. Comparable as a larger incumbent offering overlapping credit strategies to qualified investors.
Direct peers
- Kinea Investimentos: Brazilian alternative asset manager with a large private credit franchise (FIDC, CRA, FIP), serving similar institutional and qualified investor base. Directly comparable in product structure, distribution, and target borrower segments in Brazil.
- Vinci Partners: Brazilian alternative asset manager with credit, private equity, and infrastructure strategies. Directly comparable as a multi-strategy Brazilian asset manager offering private credit funds to qualified investors.
- Navi Capital: Brazilian credit-focused asset manager where CIO Marchetti and Head of Legal Laguna previously led. Directly comparable as a Brazilian private credit platform with overlapping product DNA and team lineage.
- Captalys: Brazilian private credit and asset management platform focused on FIDC structures and receivables. Directly comparable as a Brazilian FIDC-led credit manager targeting similar borrowers.
- Integral Investimentos: Brazilian asset manager with credit structuring capabilities where multiple Milenio team members (Leandro Rodrigues, Vitor Wesseling) previously worked. Comparable in credit structuring and structured product distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Milenio Capital social profiles
Digital presenceMilenio Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Milenio Capital leadership team
Management profileNumber of profiles
Profiles8 records
Milenio Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Milenio Capital M&A and investment
M&A and investmentM&A
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Milenio Capital
What does Milenio Capital do?
Milenio Capital is a Brazilian asset manager focused on the private credit market, managing more than R$ 3.0 billion across 40+ investment fund vehicles in FIDC, FIAGRO, FIF, and FIC structures. The firm provides customized credit solutions for businesses across the entire credit cycle — from receivables advancement and venture debt to credit policy design, structuring, monitoring, and advisory board participation — while delivering differentiated return opportunities to Brazilian qualifying and professional investors.
Is Milenio Capital a public or private company?
Milenio Capital is a private company. It is classified as unknown and is currently operating.
When was Milenio Capital founded?
Milenio Capital was founded in 2013. It employs 11 to 50 people.
Where is Milenio Capital based?
Milenio Capital is headquartered in São Paulo, Brazil, in the Latin America region.
How does Milenio Capital make money?
Two revenue lines are on record. Asset Management Fees are the primary driver. The others are credit Structuring and Advisory Services.
Who are Milenio Capital's main competitors?
Solfácil is listed as an emerging player. Broad incumbents are JGP Asset Management, XP Inc., BTG Pactual and Verde Asset Management. Direct peers are Kinea Investimentos, Vinci Partners, Navi Capital, Captalys and Integral Investimentos.
Does Milenio Capital have an API?
No public API is recorded for Milenio Capital.
What industry is Milenio Capital in?
Milenio Capital's product category is Private Credit Asset Management. Its primary akta.pro industry code is FSANADAJ, Large-Cap / Sponsor Finance Direct Lending, with a secondary code of FSAHAJAJ, Private Credit — Infrastructure Debt & Project Finance. Its NAICS code is 525 and its SIC code is 6159.