Jardim Botânico Investimentos

What Jardim Botânico Investimentos does

Jardim Botânico Investimentos (JBI) is an independent Brazilian asset management firm founded in 2003 in Rio de Janeiro, operating two business lines: fund management and corporate advisory. The firm manages four products: (1) JBI Focus FIA, a long-only equity fund launched on 16/09/2005 that invests at least 95% of its assets in a master FIA via fundamental analysis of listed Brazilian companies with an emphasis on margin of safety, corporate governance, and shareholder activism; (2) Novarum, constituted in June 2004 as Brazil's first seed-capital fund, deploying R$800K-R$2.2M minority equity stakes into technology and life sciences ventures; (3) JBVC I (Jardim Botânico VC I FIEE), a growth-capital fund established in late 2007 targeting Brazilian SMEs with annual revenue up to R$150 million (past portfolio includes Elba Equipamentos e Serviços, SuperBac, FerroLease, and @titude); and (4) a consulting/advisory practice covering asset valuation, M&A, fundraising, governance review, and conflict resolution.

The business model is fee-based: the equity fund charges a 2% annual administration fee plus a 15% performance fee over an IGPM+6% hurdle (billed quarterly), with a R$25,000 minimum initial investment, R$10,000 subsequent, and R$25,000 minimum balance. AUM is held in custody by Banco Bradesco and the fund is administered and distributed by BNY Mellon Serviços Financeiros DTVM, with KPMG providing external audit — a regulated, third-party infrastructure that creates operational leverage but also creates dependency on BNY Mellon as the sole distribution channel. Advisory fees are not publicly disclosed and the firm does not publish consolidated revenue.

JBI primarily serves Brazilian qualified investors meeting CVM qualification requirements, Brazilian SMEs in the JBVC I growth-capital segment, and seed-stage technology and life sciences companies via Novarum. The firm is ANBIMA-classified under Ações Livre and operates under CVM Instruction 409. Its investment team is led by CIO Eduardo Rezende (since 2005, formerly CIO at Mellon Global Investments Brazil) and board member Eduardo Faria (formerly Latin America Investment Director at Foreign & Colonial Emerging Markets), with analysts Júlia Vianna (since 2012) and Fernando Leitão (since 2020).

Name

Jardim Botânico Investimentos

Legal name

Jardim Botânico Partners Investimentos Ltda.

Website

https://jbpartners.com.br

Company type

Private

Founded year

2003

Operating status

Operating

Short description

Jardim Botânico Investimentos is a Rio de Janeiro-based independent Brazilian asset management firm founded in 2003, managing equity, seed-capital, and growth-capital funds (JBI Focus FIA, Novarum, JBVC I) alongside advisory services for qualified investors and SMEs.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

akta.pro secondary industries

Private Banking Business Owners & Entrepreneur Solutions (Liquidity Events, Pre-IPO) (FSABADAK), Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI)

Keywords

• Asset management
• Equity fund management
• Private equity investing
• Seed capital fund
• Corporate advisory

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, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fund Management - Administration Fees: Annual administration fee of 2% charged on assets under management for equity funds such as JBI Focus FIA.
2. Fund Management - Performance Fees: Performance fee of 15% over IGPM+6% per annum, charged quarterly, based on fund outperformance.
3. Advisory Consulting Fees: Advisory services including asset/project valuation, M&A processes, business plan development, fundraising, corporate governance review, and conflict resolution.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Jardim Botânico Investimentos (JBI) is an independent Brazilian asset management firm operating two main lines: (1) fund management, including the JBI Focus FIA equity fund (since 2005), the Novarum seed capital fund (since 2004), and the JBVC I growth capital fund (since 2007); and (2) consulting/advisory services covering M&A, asset and project valuation, fundraising, governance reviews, and shareholder conflict resolution.

Product overview

Jardim Botânico Investimentos (JBI) is a Brazilian investment management firm established in 2003 with two main areas: asset management (equity and private equity funds) and consulting services. The product portfolio consists of four distinct offerings: (1) JBI Focus FIA, an equity fund investing in listed Brazilian companies through fundamental analysis and governance-focused activism; (2) Novarum, a seed capital fund targeting technology and life sciences companies based on R&D; (3) JBVC I, a growth capital fund for small and medium enterprises with annual revenue up to R$ 150 million; and (4) Consulting Services, providing advisory on M&A, governance, and capital raising. The firm operates under ANBIMA regulation and serves qualified investors.

Differentiator

Problem solved

Functional benefit

Products and services

• JBI Focus FIA Long-term equity fund for qualified investors that invests at least 95% of its assets in the JBI Focus Master FIA, selecting listed Brazilian companies through fundamental analysis, emphasizing margin of safety, corporate governance practices, and proactive activism in defense of fund interests. Annual administration fee of 2% and performance fee of 15% over IGPM+6% per annum, charged quarterly; minimum initial investment R$25,000.
• Novarum Brazil's first seed capital fund, investing minority equity stakes between R$800 thousand and R$2.2 million in early-stage technology and life sciences companies whose technologies are derived from high-quality R&D, converting research into high value-added enterprises.
• JBVC I (Jardim Botânico VC I FIEE) Growth capital private equity fund targeting small and medium-sized Brazilian companies with high growth potential and annual net revenue up to R$150 million, generating value through growth support, management process improvement, and access to new commercial channels.
• Consulting Services Advisory services for business owners and companies covering asset and project evaluation, sale processes, mergers and acquisitions, business plan development, fundraising for new projects, resolution of shareholder conflicts, and review and improvement of internal governance processes and related-party transactions.

Quantifiable outcome

• 48854297000,0% accumulated return for JBI Focus FIA since 16/09/2005
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• BNY Mellon Serviços Financeiros DTVMcoreChannel Partner/ Reseller/ DistributorFund administrator and distributor responsible for investor access, statement management, regulatory compliance, and fund operations. Located at Av. Presidente Wilson, 231/1101, Rio de Janeiro. CNPJ 02.201.501/0001-61. Provides SAC, Ouvidoria, and investor self-service portal.
• KPMGcoreOthersExternal auditor providing independent financial statement verification and audit services for the fund's financial reporting.
• Banco BradescocoreOthersCustodian bank responsible for safekeeping of fund assets and securities.
• Araújo FontesminorImplementation/ SI/ Consulting PartnerOperational support partner for private equity seed capital operations, including legal and audit support.
• BiominasminorStrategic or Co-development PartnerInitial year partner for seed capital fund (Novarum) in prospecting and entrepreneurial process of technology companies.
• Instituto InovaçãominorStrategic or Co-development PartnerTechnology business accelerator partner in first year of Novarum seed fund for prospecting and entrepreneurial process of technology companies.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Polo Capital: Brazilian independent asset manager with equity, credit, and PE strategies. Comparable multi-strategy platform and Brazilian HNW/institutional client base.
• SPX Capital: Independent Brazilian asset manager focused on equities and macro strategies for qualified investors. Highly comparable target market, fee model (admin + performance), and fundamental-research approach.
• Verde Asset Management: One of Brazil's largest independent macro/equity asset managers. Directly comparable to JBI as a Brazilian, multi-strategy, fundamental-driven asset manager serving qualified investors, but at substantially greater scale (multi-billion AUM).
• Gávea Investimentos: Founded by Arminio Fraga, Gávea runs Brazilian long-only equity funds alongside PE and credit — a near-exact template of JBI's equity-plus-PE-plus-advisory structure, though with much larger AUM and a more institutional LP base.
• Capitânia Investimentos: Brazilian asset manager offering equity, fixed income, and structured strategies to qualified investors. Comparable distribution model and regulatory positioning.
• Ibiuna Investimentos: Brazilian macro/equity boutique. Comparable as a high-conviction, fundamental, performance-fee-driven manager serving qualified investors in Brazil, though with a more macro-oriented mandate than JBI.

Broad incumbents

• BR Partners: Independent Brazilian investment bank offering M&A advisory and asset management. Comparable on JBI's corporate-finance/consulting side and on equity capital markets for HNW clients, though larger and more deal-flow oriented.
• Vinci Partners: Public Brazilian alternative-asset manager (NASDAQ-listed) covering equities, private equity, credit, and infrastructure. Comparable product breadth to JBI and competes for the same Brazilian HNW and institutional capital, but with a much larger platform.

Emerging players

• Dahlia Capital: Smaller independent Brazilian asset manager focused on equity strategies for qualified investors. Comparable boutique positioning, fee model, and target investor base.

Others

• Anbima (industry association perspective): Brazilian capital-markets self-regulatory body that sets the standards JBI's funds follow (Ações Livre classification, CVM 409 prospectus rules). Included as ecosystem context — JBI's competitive positioning is benchmarked against the universe of ANBIMA-registered asset managers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jardim-botanico-investimentos

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Jardim Botânico Investimentos