Iridium Gestão de Recursos

What Iridium Gestão de Recursos does

Iridium Gestão de Recursos Ltda. is a privately held, independent Brazilian asset management firm founded in 2017 and headquartered on Avenida Brigadeiro Faria Lima in São Paulo. The firm manages nine distinct investment vehicles across four asset categories: private credit fixed income (Apollo, Apollo Prev, Pioneer Infra, Titan, Titan Advisory), equities (Rhino), real estate (IRIM11), and incentivized infrastructure (IRIF11). Funds are administered by BTG Pactual S.A. and the listed FIIs (IRIM11, IRIF11, IRIM-named vehicles) trade on B3. Target returns and risk profiles are clearly defined per mandate (e.g., Apollo targeting 105% CDI with sub-0.5% p.a. volatility, Titan targeting 117.5% CDI, IRIF11 yielding ~12.6%-16.8% annualized). The investor base spans retail (pessoa física), corporate (pessoa jurídica), family offices, wealth managers, and pension allocators, with pension-specific and Law 12.431 tax-advantaged wrappers (PGBL/VGBL, infrastructure debentures) forming a meaningful part of the distribution thesis.

Name

Iridium Gestão de Recursos

Legal name

Iridium Gestão de Recursos Ltda.

Website

https://iridiumgestao.com.br

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Iridium Gestão de Recursos is a privately held Brazilian independent asset manager founded in 2017, managing nine fixed-income, equity, real-estate and infrastructure credit funds for retail, corporate, family-office and pension investors via BTG Pactual and B3.

Ownership category

akta.pro rank

Product category

Asset Management / Investment Funds

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910)

SIC

Finance Services (6199)

akta.pro primary industry

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

Keywords

• Asset management services
• Private credit funds
• Fixed income investing
• Real estate investment funds
• Infrastructure debentures

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Management Fees (Taxa de Administração): Annual management fees charged on Assets Under Management (AUM) across all fund families. Fee rates vary by fund: Apollo 0.4% p.a., Apollo Prev 0.7% p.a., Pioneer 0.70% p.a., Rhino 1.8% p.a., Titan 0.6% p.a., Titan Advisory 0.6% p.a., IRIF11 0.00%-0.80% p.a. (tiered), IRIM11 administrative fee tiered by period.
2. Performance Fees (Taxa de Performance): Performance fees charged on returns exceeding defined benchmarks. Apollo: 10% above 100% CDI. Apollo Prev: 0%. Pioneer: Variable. Rhino: 10% above Ibovespa. Titan: 20% above 100% CDI. Titan Advisory: 20% above 100% CDI. IRIF11: 15% above 100% CDI.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Iridium Gestão de Recursos is an independent Brazilian asset management firm that manages and distributes investment funds across private credit, equities, real estate (FII), and incentivized infrastructure asset classes. The firm offers nine distinct fund products, including Apollo and Apollo Prev (private credit), Titan (private credit), Pioneer Infra (Lei 12.431 infrastructure debentures), Rhino (value equities), and the B3-listed IRIM11 (real estate) and IRIF11 (infrastructure) FIIs. Funds are administered by BTG Pactual and distributed through BTG's platform, independent investment advisors, brokerages, and B3.

Product overview

Iridium Gestão de Recursos is an independent Brazilian asset management firm founded in 2017, offering a diversified portfolio of investment funds. The product portfolio consists of eight distinct fund offerings: Apollo (private credit fixed income, D+1 liquidity), Apollo Prev (pension-focused private credit), Pioneer (infrastructure debentures with tax benefits under Lei 12.431), Titan (high-quality private credit with D+30 liquidity), Rhino (value-focused equity fund), IRIM11 (real estate investment fund focused on CRI), and IRIF11 (infrastructure credit FII). The firm operates as a traditional asset manager without a technology platform, distributing funds through BTG Pactual and B3 exchange.

Differentiator

Problem solved

Functional benefit

Products and services

• Iridium Apollo FI RF Crédito Privado Fixed income fund focused on high-quality private credit assets (debentures, CRI, CRA, FIDC), with D+1 liquidity. Targets 105% of CDI with volatility below 0.5% p.a. and is indicated for short to medium term resources. Available to retail and institutional investors via BTG Pactual and independent investment advisors.
• Iridium Apollo Advisory XP Seg Prev FICFI RF CP Pension fixed income fund focused on high-quality private credit assets, with D+6 liquidity. Targets 102.5% of CDI with volatility below 0.5% p.a. Indicated for short to medium term resources within PGBL/VGBL private pension wrappers.
• Iridium Pioneer Incentivado Infraestrutura FI RF Private credit fund investing in infrastructure debentures with 0% IR rate for individual (pessoa física) investors and tax benefits for legal entity (pessoa jurídica) investors, pursuing Lei 12.431 tax treatment. Targets 105% of CDI net of IR for PF, with volatility below 2.0% p.a. and D+30/D+31 liquidity, indicated for medium and long term resources.
• Iridium Titan Advisory FICFI RF Crédito Privado High-quality private credit fixed income fund with D+30/D+31 liquidity. Targets 117.5% of CDI with volatility below 2.0% p.a., minimum initial investment of R$100 and minimum of R$1 for subsequent applications and redemptions. Indicated for medium and long term resources.
• Iridium Rhino FIA Value-focused equity fund targeting absolute returns and alpha generation through a core allocation of 15 to 30 fundamentally sound companies, with D+1/D+3 liquidity. Directed at individual investors (pessoa física), legal entities (pessoa jurídica), and institutional clients with minimum investment of R$100 and 15% capital gains tax.
• Iridium Investimento Imobiliário (IRIM11) Real Estate Investment Fund (FII) with primary focus on CRI (Certificados de Recebíveis Imobiliários), also investing in debentures, promissory notes, LH, LIG, LCI, equities, FIP, FIDC, FII, real estate, and certificates. Fund inception May 2021, with 2 emissions completed. Traded on B3 and administered by BTG Pactual, with monthly dividend yield of approximately 0.81%–0.95% (annualized ~10%–13.6%).
• Iridium Infra Incentivado (IRIF11) Infrastructure Real Estate Investment Fund (FII) that allocates to credit assets linked to the infrastructure sector with average credit spread above 1.5% relative to the reference NTN-B. Pursues Lei 12.431 tax treatment. Monthly dividend yield of ~1.06%–1.39% (annualized ~12.6%–16.7%); patrimonial dividend yield of ~1.16%–1.39% (annualized ~13.3%–16.8%). Listed on B3 with tiered administrative fee structure.

Quantifiable outcome

• Apollo: targeting 105% CDI with volatility below 0.5% p.a.
• +7 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• ANBIMA (Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais)coreOthersANBIMA is the Brazilian financial industry association that sets standards, certifications, and best practices for asset managers, including the ANBIMA Seal of Good Practices. Iridium displays the ANBIMA certification seal and adheres to ANBIMA disclosure standards and regulations.
• InvestsmartminorGTM or Marketing PartnerInvestsmart is an investment education and brokerage platform that co-hosts the 'Café com Investidores Iridium' monthly live event series, providing a platform for Iridium fund managers to present monthly results and engage with investors.
• Suno ResearchminorGTM or Marketing PartnerSuno Research is a Brazilian investment education platform. Iridium participated in a live event with Suno's founder Marcos Baroni to discuss infrastructure funds and investment strategies, leveraging Suno's investor audience for brand exposure.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• HSI Hemisfério Sul Investimentos: Brazilian independent asset manager specializing in special opportunities, private credit, and structured products — the firm where Iridium PM Henry Zucker previously spent ~10 years. Direct peer in credit origination, structured finance, and Brazilian institutional distribution.
• Rio Bravo Investimentos: Brazilian independent manager focused on listed FIIs (RBVA11 and others), credit, and equities. Direct comparable in B3-listed FII product and infrastructure-credit vehicles adjacent to IRIM11 and IRIF11.
• Vinci Partners: Brazilian alternative-investment manager (VINC3 listed) covering private credit, infrastructure, real estate (FII), equities, and venture. Public-market peer and aspirational comparable for an independent manager scaling across alternative asset classes in Brazil.
• Capitânia Investimentos: Independent Brazilian asset manager with credit, infrastructure (Capitânia Infra FI-Infra), FII, and public equity strategies. Closest product-line overlap with Iridium's Apollo, Pioneer, IRIM11, and IRIF11 ranges, also distributed through BTG and other platforms.
• Occam Capital: Brazilian independent credit specialist running FIDC, FII, and credit funds focused on structured and corporate credit. Direct peer in independent credit origination and law 12.431 infrastructure-debenture strategies.
• Truxt Investimentos: Independent Brazilian asset manager with multi-strategy macro, private credit, and equity funds; distributed through BTG and other platforms. Peer in independent-manager positioning and B3-listed/wrapped distribution model.
• Vista Capital: Brazilian credit-focused asset manager (Vista FIC FIDC and other credit vehicles) with private credit and special-situtions strategies. Closely comparable to Apollo/Titan credit offerings and shares private-credit origination dependence.

Broad incumbents

• Kinea Investimentos: Alternative-asset arm of Itaú, with private credit, infrastructure (FIDC, debentures), real estate (FII), and equities. Larger incumbent competing for the same retail and institutional mandates as Iridium, with materially deeper distribution.
• Itaú Asset Management: Largest asset manager in Latin America (Itaú Unibanco group) covering retail and institutional credit, equities, multi-market, and pension products. Incumbent competitor with the deepest Brazilian distribution footprint against which Iridium must scale.
• Banco BTG Pactual (Asset Management division): BTG Pactual's in-house asset management arm — also acts as Iridium's distribution platform and fund administrator. Represents both a critical partner and a direct competitor for the same pool of Brazilian retail and institutional investor capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/iridium-gest%C3%A3o-de-recursos/?viewAsMember=true
• Instagraminstagram.com/iridiumgestao

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Iridium Gestão de Recursos