Guepardo Investimentos

What Guepardo Investimentos does

Guepardo Investimentos Ltda. is a privately held Brazilian independent asset manager headquartered on Avenida Brigadeiro Faria Lima in São Paulo, with investment operations dating to May 2001 and a legal entity established in 2004. The firm practices a concentrated, long-term value investing philosophy, seeking to be partners in companies with structural growth, trading below intrinsic value, with asymmetric risk-reward. Its investment process is qualitative and fundamental, emphasizing active ownership and engagement on governance, strategy, and M&A when necessary.

The company manages 14+ investment funds spanning equity (FIA), dividend equity, multimarket long-bias (FIM), and pension (Prev FIF/FIC FIM) categories. Management fees (Taxa Global Máxima) range from 1.60% to 2.10% per annum, with a 20% performance fee on returns above benchmark (IBOVESPA, CDI, IPCA+X, or IGPM+6% depending on the vehicle). Minimum initial investments range from R$1 to R$100,000, addressing retail, qualified, and institutional investors including closed pension entities and PGBL/VGBL wrappers distributed through XP Vida, Icatu, and Itaú Vida.

Guepardo generates revenue from management and performance fees on AUM across its fund lineup. Distribution is dual-channel: direct via the company website (contact form, investor profile assessment) and indirect through an extensive network of 18+ financial partners including BTG Pactual, XP Investimentos, Banco Daycoval, UBS, Credit Suisse Hedging-Griffo, Warren, Genial, Inter, and others. Marketing is anchored by quarterly investor letters (Cartas da Gestora) and regulatory compliance documentation. The firm has no proprietary technology platform and operates exclusively in Brazil, excluding US persons and non-residents.

Name

Guepardo Investimentos

Legal name

Guepardo Investimentos Ltda.

Website

https://guepardoinvest.com.br

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Guepardo Investimentos is a privately held São Paulo-based independent asset manager applying concentrated, long-term value investing across 14+ Brazilian equity, dividend, multimarket, and pension funds for retail, qualified, and institutional investors.

Ownership category

akta.pro rank

Product category

Equity Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

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

Keywords

• Equity asset management
• Value investing funds
• Variable income management
• Pension fund management
• Brazilian investment funds

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Management Fees (Taxa de Administração): Guepardo charges annual management fees (Taxa Global Máxima) on its funds, ranging from 1.60% to 2.10% per annum depending on the fund. These fees are calculated on the total assets under management and represent a recurring revenue stream.
2. Performance Fees (Taxa de Performance): Several funds charge a 20% performance fee on returns that exceed the benchmark (such as IBOVESPA or CDI). This creates an incentive alignment between the fund manager and investors, as the fee is only earned when value is created above the benchmark.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Guepardo Investimentos is an independent Brazilian asset manager that manages concentrated, long-term value investing portfolios through a lineup of more than 14 equity, dividend, long-bias multimarket, and pension (PGBL/VGBL) investment funds. The firm identifies undervalued Brazilian companies trading below intrinsic value and holds concentrated positions over multi-year horizons, earning recurring revenue from annual management fees (1.60%–2.10%) and 20% performance fees on returns above benchmark. Funds are distributed both directly via the company website and through a wide network of Brazilian brokerages, banks, and insurance companies including BTG Pactual, XP, Banco Daycoval, and UBS.

Product overview

Guepardo Investimentos is an independent Brazilian asset manager specializing exclusively in variable income (equities) investments with a concentrated, long-term value investing philosophy. The company manages a portfolio of 14 distinct investment funds, including equity funds (Ações), dividend-focused funds, multimarket funds, and pension/previdence funds. The fund lineup includes institutional equity funds benchmarked to IBOVESPA, dividend yield funds, long-bias multimarket strategies, and a series of pension fund structures for PGBL/VGBL products. All funds share the common investment philosophy of seeking undervalued companies trading below intrinsic value with a margin of safety.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 51.5% annualized return on Sabesp investment
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• BTG PactualcoreChannel Partner/ Reseller/ DistributorBTG Pactual serves as the administrator, custodian, and distribution partner for multiple Guepardo funds. The firm handles fund administration, custody services, and distribution through its digital platform (btgpactualdigital.com) to retail and institutional investors.
• XP InvestimentoscoreChannel Partner/ Reseller/ DistributorXP Investimentos is one of Brazil's largest investment platforms and serves as a major distribution channel for Guepardo funds, providing access to millions of investors through its digital platform.
• Banco DaycovalcoreChannel Partner/ Reseller/ DistributorBanco Daycoval serves as administrator and custodian for the Guepardo Valor Institucional FIF FIC FIA fund following a transfer from BNY Mellon in 2020, and also distributes Guepardo funds through its investment platform.
• UBSminorChannel Partner/ Reseller/ DistributorUBS Brazil is an international financial institution that distributes Guepardo funds to its high-net-worth client base in Brazil.
• Credit Suisse Hedging-Griffo (CSHG)minorChannel Partner/ Reseller/ DistributorCSHG serves as administrator for the Guepardo CSHG FIF FIC FIA fund, which has a benchmark of IGPM+6% and targets qualified investors with minimum investment of R$100,000.
• XP Vida e PrevidênciacoreChannel Partner/ Reseller/ DistributorXP Vida e Previdência is the institutional investor for Guepardo's pension funds (PGBL/VGBL), including the Guepardo XP Seguros Prev FIF FIC FIM and Guepardo 70 Prev FIE 2 FIF FIC FIM funds.
• IcatucoreChannel Partner/ Reseller/ DistributorIcatu is a major Brazilian insurance company that serves as the institutional investor for the Guepardo Icatu 100 Prev 1 FIF FIC FIM fund, receiving resources from PGBL and VGBL pension plans.
• Warren RenascençaminorChannel Partner/ Reseller/ DistributorWarren is a digital investment platform that distributes Guepardo funds to retail investors in Brazil.
• Itaú Vida e PrevidênciacoreChannel Partner/ Reseller/ DistributorItaú Vida e Previdência is the institutional investor for the Guepardo Itaú Previdência FIE fund, receiving resources from PGBL and VGBL pension plans for qualified participants.
• ANBIMAminorOthersANBIMA (Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais) is Brazil's financial markets association. Guepardo maintains official membership and displays the ANBIMA logo, indicating compliance with industry standards.
• UN PRI (Principles for Responsible Investment)minorOthersGuepardo Investimentos is a signatory to the UN PRI (Principles for Responsible Investment), demonstrating commitment to ESG integration and sustainable investment practices.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bogari Capital: Brazilian value-focused equity asset manager with concentrated portfolios and long-term horizon philosophy. Comparable fund lineup (equity and multimarket) and retail/qualified investor distribution.
• SPX Capital: Brazilian multi-strategy asset manager with significant equity and multimarket capabilities. Comparable in offering diversified Brazilian equity/multimarket funds with similar distribution across major platforms and qualified-investor focus.
• Squadra Investimentos: Brazilian independent equity asset manager with concentrated value-style approach. Comparable product mix (equity/multimarket funds) and distribution through major Brazilian platforms.
• Verde Asset Management: Brazilian independent asset manager specializing in long-term equity value investing with concentrated portfolios — directly comparable to Guepardo's philosophy, product mix (equity/multimarket funds), and Brazilian retail/institutional distribution approach.
• Constellation Asset Management: Brazilian independent equity asset manager focused on long-term value investing with concentrated portfolios. Comparable in philosophy, product structure, and Brazilian distribution footprint.
• Dynamo Administração de Recursos: Pioneer Brazilian long-term value equity manager with concentrated portfolios and similar performance-fee structure. Highly comparable in philosophy (long-term intrinsic-value investing) and target investor base (retail, qualified, institutional).

Emerging players

• Pacifico Investimentos: Brazilian boutique asset manager with equity and multimarket fund offerings. Comparable in targeting retail and qualified investors through major distribution platforms, though smaller scale.

Broad incumbents

• Vinci Partners: Large Brazilian alternative asset manager with broader product breadth (private equity, credit, equities). Overlaps directly in equity and multimarket fund offerings but offers a much wider product platform including private markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/guepardo-investimentos
• Instagraminstagram.com/guepardo_investimentos
• Facebookfacebook.com/guepardoinvestimentos

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Guepardo Investimentos