Libertas

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.

Name

Libertas

Legal name

Libertas Asset S/A

Website

https://libertasasset.com.br

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 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

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

• Investment fund structuring
• Fiduciary administration services
• Asset management services
• Portfolio risk monitoring
• Private equity fund management

Headquarters

HQ city

Belo Horizonte

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, Compliance, Marketing or Sales

Revenue model

1. Fiduciary Administration Fees: Fees earned from providing fiduciary administration services for investment funds, including custody, bookkeeping, and regulatory compliance management.
2. 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

Core 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)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core.

• CTM INVESTIMENTOS LTDAcoreStrategic or Co-development Partner · 3 March 2023CTM 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 LTDAcoreStrategic or Co-development Partner · 23 December 2019ELLO 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 MobiliárioscoreOthersCVM 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 CapitaiscoreOthersANBIMA 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 DTVMcoreOEM/ Whitelabel/ Licensing PartnerACTUAL 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

Emerging 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

• LinkedInlinkedin.com/company/libertasasset

Compliance18 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 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 Libertas