Solis Investimentos

What Solis Investimentos does

Solis Investimentos Ltda. is a Brazilian investment management firm headquartered in Fortaleza with a second office in São Paulo, founded in 2014 and operating with a team of over 100 professionals led by founders Delano Macedo and Ricardo Binelli. The firm specializes in FIDCs (Fundos de Investimento em Direitos Creditórios, or Credit Rights Investment Funds) and structured credit, managing approximately 130 funds across qualified retail feeders (Antares family on BTG Pactual, XP, and Orama platforms), institutional dedicated mandates, and originator/borrower vehicles for startups, fintechs, and commercial flows. Its core offerings span flagship diversified credit funds (Solis Antares, Solis Core, Solis Vertente, Solis Pioneiro), fixed income (Solis Vega, since 2010), equities (Solis Argus), institutional products (Antares Institucional, Antares Previdência), CLO structuring, and FIDC solutions for credit originators.

Solis's operational model is an integrated one-stop-shop covering the full FIDC lifecycle—Analyze, Model, Structure, Implement, Invest, Monitor—supported by proprietary portfolio simulation models and risk assessment methodologies. Revenue is generated primarily through management fees on approximately US$3.5 billion in fee-earning AUM, with performance fees on certain structures. Distribution is dual-channel: qualified retail investors access FIC de FIDC products through regulated third-party platforms (BTG Pactual, XP, Orama), while professional and institutional investors are served via dedicated FIDC structures and exclusive FIC-FIDC vehicles managed directly. On January 2, 2026, Patria Investments Ltd. (US$52.6B AUM alternative asset manager) completed acquisition of a 51% stake, adding Solis's FEAUM to Patria's credit platform (which increased by 40%+ to US$11.7B) and providing Solis access to global LP networks across the US, Europe, and Latin America, while the founders retain 49% and operational leadership. Management has stated a target of R$60 billion in AUM by 2028.

Name

Solis Investimentos

Legal name

Solis Investimentos Ltda.

Website

https://solisinvestimentos.com.br

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Solis Investimentos is a Brazilian alternative asset manager specializing in FIDCs and structured credit, managing 130+ funds and approximately US$3.5 billion in fee-earning AUM for qualified retail, institutional, and credit originator clients, operating as a majority-owned subsidiary of Patria Investments since January 2026.

Ownership category

akta.pro rank

Product category

Asset Management - Structured Credit & Private Credit (FIDCs)

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Structured credit funds
• Credit rights investment funds
• Alternative asset management
• FIDC management services
• Private credit platform

Headquarters

HQ city

Fortaleza

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. FIDC Management Fees (Fee-Earning AUM): Solis generates revenue through management fees charged on the assets under management across its portfolio of 130+ FIDCs and related fund structures. Fee-earning AUM stands at approximately $3.5 billion (USD), with total credit FEAUM exceeding $11.7 billion post-Patria acquisition. The firm manages dedicated funds, FIC-FIDC structures, and exclusive vehicles for institutional clients.
2. Performance Fees / Carry: As a credit fund manager operating in private markets, Solis likely earns performance fees on certain fund structures in addition to management fees, consistent with industry practice for alternative asset managers in Brazil.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Solis Investimentos is a Brazilian asset manager that structures, manages, and distributes FIDCs (Credit Rights Investment Funds) and related FIC structures across credit, fixed income, and equity strategies. The firm runs an integrated one-stop-shop platform covering origination, structuring, funding, portfolio monitoring, and risk control for over 130 funds serving qualified retail, professional, and institutional investors, plus credit solutions for corporate borrowers such as startups, fintechs, and commercial flow originators.

Product overview

Solis Investimentos is a Brazilian asset manager specialized in FIDCs (Fundos de Investimento em Direitos Creditórios - Credit Rights Investment Funds) with over 20 years of team experience in structured credit. The product portfolio centers on its flagship fund families (Solis Antares, Solis Core, Solis Vertente, Solis Vega) which together manage over R$130 billion in assets. The offering includes credit funds for qualified investors (Solis Antares, Solis Antares Advisory, Solis Antares Light), institutional products (Solis Antares Institucional, Solis Antares Previdência), and fixed income vehicles (Solis Vega). Additionally, the company provides CLO structuring and management services and borrowing solutions through FIDCs for startups, fintechs, and corporate clients. Following Patria Investments' 51% acquisition, the platform now operates as part of Patria's credit franchise with expanded access to Latin America private credit strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Solis Antares (FIDC) Flagship credit fund (FIDC) focused on diversified credit portfolios, offering consistent returns with low volatility through active portfolio management for qualified retail and professional investors.
• Solis Antares Advisory (FIC FIDC) Advisory variant of the Antares credit fund providing professional and qualified investors with diversified credit exposure and consistent risk-adjusted returns.
• Solis Antares Light (FIC FIDC) Light version of the Antares credit fund designed for investors seeking diversified credit exposure with enhanced liquidity characteristics.
• Solis Core (FIDC) Core credit fund with an established track record focused on diversified rights credit portfolios, delivering consistent returns through active monitoring and risk management.
• Solis Vertente (FIDC) Credit fund focused on diversified credit exposure with returns closely aligned to the CDI benchmark, offering stable performance characteristics.
• Solis Vega (FIRF) Fixed income fund (Fundo de Investimento em Renda Fixa) focused on government securities and fixed income instruments, with a long track record since 2010.
• Solis Argus (FIA) Equity fund (Fundo de Investimento em Ações) focused on Brazilian equities, with dynamic allocation guided by macroeconomic analysis.
• Solis Antares Institucional (FIRF CP) Institutional credit fund designed for institutional investors seeking diversified credit exposure with professional portfolio management.
• Solis Antares Previdência (FIDC) Credit fund designed for pension funds and retirement savings vehicles, offering stable returns with appropriate risk profiles for long-term institutional investors.
• Solis Pioneiro (FIDC) Credit fund launched in 2024 offering diversified credit exposure with consistent returns, designed for investors seeking above-benchmark performance.
• CLO Structuring and Management Collateralized Loan Obligation (CLO) structuring and management services for institutional clients, adding asset-backed and structured credit capabilities.
• FIDC Solutions for Borrowers (Captação) Credit solutions for startups, fintechs, and corporate clients including lines of credit, working capital financing, and structured credit solutions through FIDCs.
• FIC FIDC Investment Funds (Fund of Funds) Funds of Funds (FIC) that invest in multiple underlying FIDCs, providing diversified exposure to credit portfolios across different strategies for qualified investors.

Quantifiable outcome

• Solis Core fund delivered 439.59% total return since inception (April 2012), with 17.25% return in 2025 and 4.03% in 2026 year-to-date, consistently above CDI benchmark.
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Galápagos Capital: Brazilian independent asset manager focused on private credit and structured credit funds, including FIDCs. Directly comparable to Solis in target market, product category (FIDC management), and distribution model via retail platforms.
• IBIUNA Investimentos: Brazilian macro and credit-focused asset manager managing FIDCs and fixed-income strategies. Directly comparable to Solis in product structure, institutional/qualified-investor distribution, and above-CDI return targets.
• Vinland Capital: Brazilian credit-focused asset manager managing structured credit and FIDCs. Comparable in product mix, target investor base, and origination-driven approach to portfolio construction.
• Capitânia Investimentos: Brazilian asset manager specializing in credit and credit-related strategies, including FIDCs and fixed income funds. Closely comparable in fund lineup, qualified-investor distribution model, and target returns above CDI.

Broad incumbents

• JGP Asset Management: Established Brazilian multi-strategy asset manager with a credit and structured credit franchise. Overlaps with Solis in credit fund offerings but operates across macro, equities, and multi-strategy mandates.
• Patria Investments: Parent company and Brazilian alternative asset manager with $52.6B AUM. While now Solis's majority owner, Patria's broader private credit business directly overlaps with Solis's institutional product shelf and competes for similar LP mandates.
• Vinci Partners: Brazilian alternative asset manager listed on Nasdaq, with credit, private equity, infrastructure, and real estate strategies. Comparable at the platform level; competes with Solis/Patria for institutional credit allocations in Brazil.
• Verde Asset Management: Brazilian multi-strategy hedge fund manager with fixed income and credit capabilities. Broader scope than Solis but competes for institutional and qualified-investor capital with overlapping fixed-income/credit strategies.

Emerging players

• SPX Capital: Brazilian credit-focused asset manager with FIDC and structured credit products. Smaller and earlier-stage than Solis but directly comparable in fund structure and target market segment.
• Truxt Investimentos: Brazilian asset manager with credit and private credit offerings. Comparable in focused credit mandate and qualified-investor distribution, though smaller in scale than Solis.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Solis Investimentos