Libertas
Libertas Asset is a privately held Brazilian asset manager and fiduciary administrator that structures and manages customized investment funds (FIPs and FIFs) for investors across Brazil, operating under CVM and ANBIMA regulation via its Belo Horizonte headquarters and ACTUAL DTVM subsidiary.
- Company typePrivate
- Founded2019
- HeadquartersBelo Horizonte, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Libertas does
Libertas Asset S/A is a privately held Brazilian asset management and fiduciary administration firm founded in November 2019 and headquartered in Belo Horizonte, with a regional office in São Paulo. The company specializes in structuring customized investment funds — including participation funds (FIPs), multimarket funds, and private credit funds — and provides fiduciary administration, asset/wealth management, and training/education services to investors and fund participants across eleven Brazilian states plus the Federal District. Its product portfolio includes vehicles such as ATENA FIP, EXITUM FIP, RUKI II FIP, MARACA FIF, SUPREME I FIF, and BRAZIL SPECIAL OPPORTUNITIES FUND I, with aggregate Assets Under Management reported at R$ 1.2 billion across 50+ structured funds by end of 2022.
The firm operates under a regulatory stack spanning CVM authorization, ANBIMA certifications ("Gestão de Recursos Transparente" and "Gestão de Patrimônio"), and a wholly-owned subsidiary ACTUAL DTVM — a securities distributor authorized by Banco Central do Brasil in December 2021 and granted an operating license on August 18, 2023, providing distribution, custody, bookkeeping, and exchange services. Libertas has built a multi-portal digital infrastructure (investor onboarding, manager portal, investor portal, internet banking, FIDC portal, NC issuance) layered on third-party platforms including Britech, dnways, and c2tech, alongside proprietary risk monitoring systems capable of analyzing individual notices, debtor groups, and total portfolio risk.
Revenue is generated through subscription/recurring fees from two streams: fiduciary administration fees tied to investment fund servicing, and asset management fees calculated on assets under management. Libertas employs a relationship-driven, sales-led B2B go-to-market motion, supported by a multidisciplinary team distributed across management, fiduciary administration, commercial, business development, legal, operations, and compliance functions. Pricing is not publicly disclosed and is customized per client. The firm competes outside the traditional Rio–São Paulo financial axis, targeting clients seeking tailored fund vehicles within Brazilian regulatory frameworks.
Libertas firmographics
Firmographics- Name
- Libertas
- Legal name
- Libertas Asset S/A
- Website
- https://libertasasset.com.br
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Libertas Asset is a privately held Brazilian asset manager and fiduciary administrator that structures and manages customized investment funds (FIPs and FIFs) for investors across Brazil, operating under CVM and ANBIMA regulation via its Belo Horizonte headquarters and ACTUAL DTVM subsidiary.
- Ownership category
- akta.pro rank
Libertas industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)
- akta.pro secondary industries
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Investment Management Advisory (RIA) (FSAEAAAB)
Keywords
Where Libertas is headquartered
LocationHeadquarters
- HQ city
- Belo Horizonte
- HQ country
- Brazil
- HQ region
- Latin America
Offices2 records
Markets served
Libertas business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Compliance, Marketing or Sales
Revenue model
- Fiduciary Administration Fees: Fees earned from providing fiduciary administration services for investment funds, including custody, bookkeeping, and regulatory compliance management.
- Asset Management Fees: Management fees charged for portfolio management and investment fund structuring services, calculated based on assets under management.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Libertas product offering
Product offeringCore offering
Libertas Asset is a Brazilian financial services firm specializing in structuring and managing investment funds, offering fiduciary administration, asset/wealth management, and customized fund structuring services. It serves investors across Brazil with a multidisciplinary team spanning management, legal, operations, compliance, and fiduciary administration functions, supported by proprietary risk monitoring systems. The company has structured and capitalized more than 50 funds with R$ 1.2 Billion in Assets Under Management as of end of 2022.
Product overview
Libertas Asset is a financial services company specializing in investment fund structuring and capital management. The company offers a unified platform of services including Fiduciary Administration, Asset/Wealth Management, and Training/Education services. Their core offering centers on structuring customized investment funds (FIPs and FIFs) adapted to client needs, with additional services for custody, settlement, foreign exchange portfolio, and fiduciary agency. The product portfolio includes multiple managed funds: ATENA FIP, EXITUM FIP, RUKI II FIP (private equity funds), and MARACA FIF, SUPREME I FIF, and BRAZIL SPECIAL OPPORTUNITIES FUND I (multimarket/credit funds). The company operates under CVM and ANBIMA regulation and is expanding nationally across eleven states plus the Federal District.
Differentiator
Problem solved
Functional benefit
Products and services
- Administração Fiduciária (Fiduciary Administration) Comprehensive fiduciary administration services for investment funds, ensuring proper management of assets and resources for sustainable growth and regulatory compliance.
- Gestão de Patrimônio (Asset/Wealth Management)
Companies that use Libertas
Customer profileSegments1 record
Ideal customer profiles1 record
Libertas technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Libertas partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- CTM INVESTIMENTOS LTDAcoreCTM INVESTIMENTOS LTDA is a fund manager partnered with Libertas Asset to manage the RUKI II FUNDO DE INVESTIMENTOS EM PARTICIPAÇÕES MULTIESTRATÉGIA (CNPJ 49.803.597/0001-00), registered on 03/03/2023, with net assets of R$ 40,162,789,660.
- ELLO GESTORA DE RECURSOS LTDAcoreELLO GESTORA DE RECURSOS LTDA is a fund manager that partnered with Libertas Asset to structure and manage the ATENA FUNDO DE INVESTIMENTO EM PARTICIPAÇÕES MULTIESTRATÉGIA (CNPJ 48.038.359/0001-84), registered on 29/11/2022.
- CVM - Comissão de Valores MobiliárioscoreCVM is the Brazilian Securities Commission that authorizes, regulates, and supervises Libertas Asset's operations in the financial market.
- ANBIMA - Associação Brasileira das Entidades dos Mercados Financeiro e de CapitaiscoreANBIMA is the Brazilian Financial and Capital Markets Entities Association that regulates and supervises Libertas Asset's operations, granting certifications including 'Gestão de Recursos Transparente' and 'Gestão de Patrimônio'.
- ACTUAL DTVMcoreACTUAL DTVM is a related entity (DTVM - Distribuidora de Títulos e Valores Mobiliários) authorized by Banco Central do Brasil on December 2021 and obtained operating license on August 18, 2023. Provides distribution, custody, bookkeeping, and exchange services integrated with Libertas Asset operations.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Libertas competitors and assessment
Company assessmentEmerging players
- Queluz Asset Management: Queluz is a smaller Brazilian asset manager running FIPs and FIDCs with a regional focus — comparable to Libertas in scale, regional targeting, and emphasis on tailored fiduciary-administration services for private credit structures.
- CM Capital Markets: CM Capital Markets is a Brazilian manager offering multimercado and structured credit funds with CVM/ANBIMA credentials — comparable in mid-size positioning and product focus to Libertas's private credit and multimercado strategy lineup.
Broad incumbents
- BTG Pactual Asset Management: BTG's asset management division manages hundreds of Brazilian funds across private credit, private equity, and multimercado — directly overlapping with Libertas's FIP and private credit offerings — and combines administration, custody, and distribution under one integrated investment bank.
- XP Asset Management: XP's asset management arm runs a large multi-strategy fund platform (Renda Fixa, Ações, Multimercado, FIPs) for retail and HNW investors, comparable in product mix to Libertas but operating at vastly larger scale and with proprietary distribution via the XP broker network.
- Itaú Asset Management: Itaú Asset Management oversees one of Brazil's largest fund platforms spanning multimercado, RF, FIPs, and wealth management — covering the same product categories and fiduciary administration functions as Libertas, but at institutional scale and with bank-rails distribution.
- Kinea Investimentos: Kinea (Itaú Unibanco's alternative manager) runs large FIPs, multimercado, private credit, and real estate funds with ANBIMA-recognized certifications — comparable in product mix and institutional orientation to Libertas, though with materially larger AuM.
- Banco do Brasil Asset (BB Asset): BB Asset is a Brazilian sovereign-bank-affiliated asset manager with extensive FIP, multimercado, and fixed-income platforms; it competes for institutional mandates and fiduciary administration work on a national scale that dwarfs Libertas.
Direct peers
- Truxt Investimentos: Truxt is a Brazilian asset manager offering customized fund solutions (multimercado, renda fixa, estruturados) with CVM/ANBIMA credentials and regional focus — directly comparable to Libertas in size, product scope, and target clients.
- Genial Investimentos: Genial operates a multi-strategy asset management business (Genial Mais, fundos estruturados, FIPs) alongside investment-banking and distribution, making it a directly comparable mid-sized Brazilian competitor to Libertas's fund structuring and administration services.
- Vinci Partners: Vinci is a Brazil-listed alternative asset manager focused on private equity, private credit, and infrastructure funds (FIPs), with fiduciary administration and management services targeted at institutional and HNW clients — closely mirroring Libertas's FIP-led product mix and fee model, albeit at much larger AuM.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Libertas social profiles
Digital presenceLibertas compliance and trust
Trust signalCompliance18 records
Libertas financial estimates
Financial estimateRevenue estimate
Valuation estimate
Libertas leadership team
Management profileNumber of profiles
Profiles1 record
Libertas subsidiaries and ownership
Company hierarchySubsidiaries1 record
Libertas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Libertas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Libertas
What does Libertas do?
Libertas Asset is a Brazilian financial services firm specializing in structuring and managing investment funds, offering fiduciary administration, asset/wealth management, and customized fund structuring services. It serves investors across Brazil with a multidisciplinary team spanning management, legal, operations, compliance, and fiduciary administration functions, supported by proprietary risk monitoring systems. The company has structured and capitalized more than 50 funds with R$ 1.2 Billion in Assets Under Management as of end of 2022.
Is Libertas a public or private company?
Libertas is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Libertas founded?
Libertas was founded in 2019. It employs 11 to 50 people.
Where is Libertas based?
Libertas is headquartered in Belo Horizonte, Brazil, in the Latin America region.
How does Libertas make money?
Two revenue lines are on record. Fiduciary Administration Fees are the primary driver. The others are asset Management Fees.
Who are Libertas's main competitors?
Emerging players on record are Queluz Asset Management and CM Capital Markets. Broad incumbents are BTG Pactual Asset Management, XP Asset Management, Itaú Asset Management, Kinea Investimentos and Banco do Brasil Asset (BB Asset). Direct peers are Truxt Investimentos, Genial Investimentos and Vinci Partners.
Does Libertas have an API?
Yes. Libertas Asset mentions 'Conheça nossas APIs e Documentações!' (Meet our APIs and Documentation!) on the compliance page, indicating they offer APIs and documentation for their services. The company operates various portals and systems including investor registration (satonboarding.britech.com.br), registration management (one.britech.com.br), internet banking, cedente registration, FIDC portal, manager portal, investor portal, and NC issuance systems. Specific API endpoints or developer documentation URLs are not provided in the available source material.
What industry is Libertas in?
Libertas's product category is Asset Management. Its primary akta.pro industry code is FSAAACAC, Portfolio Management–Led RIAs (Discretionary/Model-Based), with a secondary code of FSAEABAA, Registered Investment Advisor (RIA) Wealth Management. Its NAICS code is 523940 and its SIC code is 6282.