Navi

What Navi does

Navi Capital Administradora e Gestora de Recursos Financeiros Ltda, operating as Navi Capital, is a privately held Brazilian investment management firm founded in 2010 and headquartered in the Leblon neighborhood of Rio de Janeiro. The firm manages resources exclusively for institutional clients — banks, family offices, pension funds, and sovereign wealth funds — and reached approximately USD 2 billion in assets under management by 2021, with earlier milestones including R$7 billion in strategies closed to new money in 2020. Navi operates a unified platform of three strategy pillars: equities (Ações), real estate (Real Estate), and infrastructure (Infraestrutura), organized into distinct business units (Navi Capital, Navi Real Estate, Navi Selection, Navi Ventures, Navi Yield) with shared analyst intelligence across all strategies.

The product shelf comprises 13+ investment vehicles spanning long-only Brazilian equity funds (NAVI CRUZE FIC FIA, NAVI INSTITUCIONAL FIC FIA), long-biased and long-short hedge funds (NAVI FENDER, NAVI LONG BIASED FIC FIM, NAVI LONG SHORT FIC FIM), listed and private real estate funds including residential, FII, and hedge fund structures (NAVI IMOBILIÁRIO TOTAL RETURN / NAVT11, NAVI HEDGE FUND FII / IMOV11, NAVI REAL ESTATE SELECTION, NAVI RESIDENCIAL PRIME OPPORTUNITIES, NAVI RESIDENCIAL FII / APTO11), and infrastructure products including solar energy private equity and infrastructure credit (NAVI ENERGIAS SUSTENTÁVEIS FIP-IE I & II, NAVI INFRA FIP-IE / NFIP11). The infrastructure platform is anchored by 18 operational solar plants with 65 MWp of capacity connected to 6 Brazilian distribution companies and R$350 million of capital deployed. All equity strategies share an identical long portfolio focused on Brazilian large-cap companies listed in Brazil and abroad, and the firm holds the ANBIMA, Carbon Emission, and PRI seals.

The business model is institutional B2B distribution with no retail channel. Navi explicitly does not commercially distribute fund quotas; instead it manages capital for sophisticated investors on a management-fee and performance-fee basis. GTM is concentrated in direct institutional sales, a documents portal for current and prospective clients, and a dedicated international investors portal (navi-international.com) targeting foreign allocators. The firm has accumulated more than 25 industry awards including Morningstar, Exame, Valor Econômico, FGV, Infomoney, and Investidor Institutional, and reports 101–250 employees. There is no parent company, controlling shareholder, or external private equity backing disclosed; ownership is described as management-controlled.

Name

Navi

Legal name

Navi Capital Administradora e Gestora de Recursos Financeiros Ltda

Website

https://navi.com.br

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Navi Capital is a Brazilian investment management firm managing approximately USD 2 billion in assets for institutional clients including banks, family offices, pension funds, and sovereign funds, offering fundamentalist strategies across equities, real estate, and infrastructure.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

Keywords

• Equity fund management
• Real estate investment
• Infrastructure funds
• Institutional asset management
• Hedge fund strategies

Headquarters

HQ city

Rio De Janeiro

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

Distribution channels1 record

Marketing channels3 records

Core offering

Navi Capital is a Brazilian investment management firm that manages investment fund resources for institutional investors, including banks, family offices, pension funds, and sovereign wealth funds. The firm applies a unified fundamentalist investment process across equity strategies (long-only, long-biased, long-short), real estate vehicles (residential, hedge funds), and infrastructure strategies (solar energy, infrastructure credit). Navi does not commercially distribute fund quotas directly; strategies are closed to new money when capacity is reached, and the firm manages approximately USD 2 billion in assets under management.

Product overview

Navi Capital is a Brazilian investment management firm offering a unified fundamentalist investment process across multiple strategies. The product portfolio comprises equity funds (NAVI CRUZE, NAVI INSTITUCIONAL, NAVI FENDER, NAVI LONG BIASED, NAVI LONG SHORT), real estate vehicles (NAVI RESIDENCIAL PRIME OPPORTUNITIES, NAVI RESIDENCIAL FII/APTO11), hedge funds (NAVI HEDGE FUND/IMOV11, NAVI IMOBILIÁRIO TOTAL RETURN/NAVT11, NAVI REAL ESTATE SELECTION), and infrastructure products (NAVI ENERGIAS SUSTENTÁVEIS FIP-IE I & II, NAVI INFRA FIP-IE/NFIP11). The funds span long-only, long-biased, long-short equity strategies, real estate investments, and infrastructure-focused private equity and credit offerings, all managed with a unified investment process focused on Brazilian large-cap companies.

Differentiator

Problem solved

Functional benefit

Products and services

• NAVI CRUZE FIC FIA Long-only equity fund that invests in Brazilian companies listed in Brazil or abroad, with a portfolio net exposure of 67% to 100% long. Targeted at institutional investors seeking long-term exposure to Brazilian large-cap equities.
• NAVI INSTITUCIONAL FIC FIA Long-only institutional equity fund investing in Brazilian large-cap companies listed in Brazil and abroad, designed for institutional clients.
• NAVI FENDER Long-biased fund investing in Brazilian companies listed in Brazil and abroad with the possibility of hedging up to 100% of the portfolio.
• NAVI LONG BIASED FIC FIM Long-biased multi-market fund providing long exposure to Brazilian equities with hedging capabilities.
• NAVI LONG SHORT FIC FIM Hedge fund that invests in Brazilian companies listed in Brazil with both long and short positions.
• NAVI HEDGE FUND FII | IMOV11 Listed hedge fund focused on Certificados de Recebíveis Imobiliários (CRIs), Fundos Imobiliários (FIIs), and real estate sector stocks, aimed at investors seeking real estate exposure via listed vehicles.
• NAVI IMOBILIÁRIO TOTAL RETURN FII | NAVT11 Listed fund focused on Fundos Imobiliários (FIIs), real estate sector stocks, Certificados de Recebíveis Imobiliários (CRIs), among other asset classes, structured for total return.
• NAVI REAL ESTATE SELECTION FIM FII Multi-market fund investing in Fundos Imobiliários (FIIs), designated for institutional investors and classifiable as FIM or FII.
• NAVI RESIDENCIAL PRIME OPPORTUNITIES Registered real estate fund with the objective of purchasing new residential developments located exclusively in premium neighborhoods of São Paulo.
• NAVI RESIDENCIAL FII | APTO11 Listed fund investing in CRIs and residential real estate located in premium regions of São Paulo, with flexibility to position in credit or brick (physical assets).
• NAVI ENERGIAS SUSTENTÁVEIS FIP-IE I First infrastructure equity fund focused on sustainable energy investments through solar panel plant development for distributed energy generation in Brazil.
• NAVI ENERGIAS SUSTENTÁVEIS FIP-IE II Infrastructure equity fund investing in the development of solar panel plants for distributed energy generation (DG) in Brazil, second vintage in the Sustainable Energies series.
• NAVI INFRA FIP-IE | NFIP11 Infrastructure credit fund aiming to generate income for unitholders primarily through investments in infrastructure credit assets; income and capital gains are exempt from income tax for individual investors.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Vinci Partners: Brazilian independent alternative investment manager offering equities, private equity, real estate, infrastructure and credit strategies to institutional and family-office clients — the closest direct peer to Navi in terms of multi-strategy platform, institutional GTM and Brazilian-domiciled focus.
• Verde Asset Management: Brazilian independent long-biased and macro manager known for Brazil-equity hedge funds and macro strategies; competes head-to-head for institutional long-only and long-short mandates with a similar fundamentalist investment process.
• SPX Capital: Independent Brazilian asset manager offering equities, macro and credit funds to institutional clients; comparable to Navi in firm size, multi-strategy approach and focus on Brazilian large-cap listed equities.
• Polo Capital: Brazilian independent investment management firm running long-only, long-biased and hedge funds across Brazilian equities; directly comparable to Navi's equity stack (NAVI FENDER, NAVI LONG BIASED, NAVI LONG SHORT).
• Canvas Capital: Brazilian equity-focused asset manager serving institutional and high-net-worth clients; directly comparable to Navi's long-only / long-biased equity strategies and institutional GTM.
• Gávea Investimentos: Brazilian alternative-asset manager (private equity, infrastructure, real estate and credit) and one of the most established platforms in the country; directly comparable to Navi's real estate and infrastructure verticals.

Broad incumbents

• BTG Pactual Asset Management: Brazil's largest investment manager and part of BTG Pactual; competes for the same pension fund, family office and sovereign mandates that Navi targets, but with vastly larger AuM, broader product set and a captive distribution (broker-dealer) channel.
• Itaú Asset Management: Investment arm of Brazil's largest private bank; competes with Navi for institutional mandates and offers a comprehensive multi-asset product suite at a much larger scale, including FIIs and infrastructure funds.

Emerging players

• Constellation Asset Management: Brazilian independent asset manager with equities and credit strategies focused on institutional clients; comparable in firm size and target market to Navi.
• Legacy Capital: Brazilian independent manager with equity and credit strategies serving institutional clients; comparable in size and approach to Navi's equity and credit-adjacent strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Navi