Insper Asset

What Insper Asset does

Insper Asset Management is a non-profit student organization founded in 2019 and based at Insper's Vila Olímpia campus in São Paulo, Brazil. It is structured to train university students for careers in investment banking, asset management, private equity, and equity research through a Value Investing methodology applied across three specialized nuclei: Public Equities, Private Equity, and Special Situations. The organization recruits members via a three-phase selective hiring process (video submission, group case dynamics, individual case presentation and interview) and delivers a semester-long training program featuring talks with senior executives from leading global and Brazilian financial institutions.

The organization's flagship operational asset is Brazil's first university charitable investment club, custodied and traded through Nova Futura Investimentos under CVM regulation. A portion of the club's performance fees is allocated to Insper's scholarship program, making it a philanthropic rather than commercial revenue mechanism. The organization does not sell products or services and has no commercial revenue model; it is funded through member participation and investment club performance fees, with operational governance rotated among student leadership on a semester basis.

Insper Asset distributes its training and brand through university investment competitions, event programming, and organic social media. Its competitive track record includes consecutive BTG Pactual Experience championships (2024 Spart Capital, 2025 RMS Capital), the 2024 Bank of America Research Challenge championship (Team Asgard Capital on LVMH), the 2024 Desafio Opportunity championship, and multiple finalist appearances across BoA, LTS, and Galapagos competitions. Media coverage in IstoÉ Dinheiro, Brazil Journal, and Inside University in 2024 positions it as Brazil's reference university investment organization, and an alumni network with placements at Morgan Stanley, Goldman Sachs, J.P. Morgan, BTG Pactual, XP Inc., Itaú BBA, Patria, and McKinsey functions as a durable talent and reputational pipeline.

Name

Insper Asset

Legal name

Insper Asset Management

Website

https://insperasset.com.br

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Insper Asset is a non-profit student organization at Insper in São Paulo that trains university students for financial-market careers via Value Investing analysis, hosts Brazil's first university charitable investment club, and competes in top university investment competitions.

Ownership category

akta.pro rank

Product category

University Investment Club

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)

Keywords

• Student investment club
• Financial market training
• Value investing education
• Charitable investment club
• University investment competitions

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, Marketing or Sales, Others

Revenue model

1. Charitable Investment Club Performance Fees: Insper Asset operates Brazil's first university charitable investment club, custodied in partnership with Nova Futura Investimentos and regulated by the CVM. A portion of the club's performance fees is allocated to Insper's scholarship program, making this a philanthropic revenue-sharing model rather than a commercial revenue stream.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Insper Asset is a nonprofit student organization at Insper (São Paulo, Brazil) that trains members for the financial market through authorial equity analyses and runs a charitable investment club — reportedly the first university-based charitable investment club in Brazil. Members produce investment research used to guide the strategic allocation of capital managed in partnership with CVM-registered broker Nova Futura Investimentos, and the organization reinvests performance proceeds into student scholarships.

Product overview

Insper Asset is a student organization focused on training future leaders for the financial market through practical and theoretical approaches. Its core offerings include: (1) the Insper Asset Management organization itself for professional development, (2) the Clube de Investimentos Insper Asset as a charitable university investment club applying Value Investing philosophy, (3) the Processo Seletivo for member recruitment, (4) Eventos e Palestras featuring industry professionals, and (5) Competições Universitárias participation in investment competitions. The organization operates specialized nuclei in Public Equities (applied in the investment club), Private Equity, and Special Situations.

Differentiator

Problem solved

Functional benefit

Brands

• Clube de Investimentos Beneficente: The first university charitable investment club in Brazil, managed by Insper Asset. A portion of the club's performance fee is allocated to Insper's scholarship program.

Products and services

• Clube de Investimentos Insper Asset (Charitable Investment Club)

Quantifiable outcome

• Charitable investment club performance fees allocated to Insper scholarship program, supporting educational inclusion
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

19 partnerships are on record, tiered core, flagship and minor.

• Nova Futura InvestimentoscoreStrategic or Co-development PartnerNova Futura Investimentos serves as the custodian and brokerage for Insper Asset's charitable investment club, ensuring full CVM regulatory compliance. This is a core operational partnership enabling the club's portfolio management.
• Itaú BBAflagshipStrategic or Co-development PartnerItaú BBA's Investment Banking team has been a recurring event partner, hosting conversations with senior professionals including Fernando Niemeyer, Giulia Epelman, Mateus Chueire, Head of Investment Banking Roderick Greenlees, and others. The bank represents one of the most frequent institutional partners for Insper Asset events.
• Morgan StanleyflagshipStrategic or Co-development PartnerMorgan Stanley's Investment Banking team (Felipe Mattar, Patrick Strauss, Renan Criscio) conducted an open talk with the Insper community, discussing culture, career trajectories, and the Brazilian M&A market. Alumni André Franch (I.B.) and Erick Dantas were also hired from Insper Asset's network.
• Goldman SachsflagshipStrategic or Co-development PartnerInsper Asset visited the Goldman Sachs office jointly with @elasnomercadofinanceiro, engaging with the Investment Banking team on structuration, roles, and career paths. Alumni Felipe Kolber (D.C.M.) and Juliana Ohara were hired from the network.
• XP Inc.flagshipStrategic or Co-development PartnerXP Inc. CEO Thiago Maffra and CEO of Banco XP José Berenguer (ex-J.P. Morgan CEO) conducted events with Insper Asset, discussing career paths, market outlook, and cultural changes in the financial industry. Alumni Eduardo Bacelar (Research), Pedro Cardieri (I.B.), and Malika Kfouri (Credit Research) were hired from the network.
• BTG PactualflagshipStrategic or Co-development PartnerBTG Pactual's President of the Board André Esteves conducted an exclusive talk. BTG Pactual also hosts the annual BTG Pactual Experience university competition where Insper Asset won championships in both 2024 and 2025. Alumni Fernando Kaizer (I.B.) and Maria Carolina Perez were hired from the network.
• J.P. MorganflagshipStrategic or Co-development PartnerInsper Asset members visited the J.P. Morgan office, engaging with Head of Sales Isabella Nunes and Head of Latam Equities Giuliano De Marchi. Alumni Pedro Magalhães (D.C.M.) was hired from the network.
• Bank of AmericaflagshipStrategic or Co-development PartnerBank of America's Equity Research team runs the annual Bank of America Research Challenge, where Insper Asset won the 2024 championship and was a finalist in 2023 and 2025. Alumni Luisa Ventura (I.B.) was hired from the network.
• Patria InvestimentoscoreStrategic or Co-development PartnerInsper Asset visited Patria Investimentos' office for a talk with Leandro Ishiy, Director of Private Equity, on the firm's structure and relevant cases. Alumni Augusto Reichel (P.E.) and Thales Barbosa (Corporate M&A) were hired from the network.
• Jorge Paulo LemannflagshipStrategic or Co-development PartnerOn March 22, 2024, Insper Asset conducted an exclusive conversation with legendary investor Jorge Paulo Lemann, covering his incomparable trajectory in financial markets, investment strategies, and feedback for the investment club.
• Guepardo InvestimentoscoreStrategic or Co-development PartnerOctávio Magalhães, CIO of Guepardo Investimentos, conducted a talk with Insper Asset on his career, allocation strategies, and what makes Guepardo a success case in the Brazilian financial market.
• Rothschild & CocoreStrategic or Co-development PartnerYasmin Altmann from Rothschild & Co's Investment Banking team discussed the Brazilian M&A market, the bank's culture, and her professional trajectory.
• Bresser Asset ManagementcoreStrategic or Co-development PartnerRodrigo Bresser, Founder & CEO of Bresser Asset Management, discussed fund strategies (FIAs and FIMs), the current macro environment, and key investment cases with Insper Asset.
• IGC CapitalcoreStrategic or Co-development PartnerDimitri Abudi, Founding Partner of IGC Capital (largest M&A boutique in Brazil), discussed the firm's history and competitive strategy for differentiation in the Brazilian M&A market.
• Trígono CapitalcoreStrategic or Co-development PartnerWerner Roger, CIO of Trígono Capital, discussed the firm's strategy of generating alpha through Small Caps investments and shared his most successful investment cases.
• LTScoreStrategic or Co-development PartnerLTS runs the LTS Challenge university competition, in which Insper Asset was a finalist in 2023 and 2025, receiving analyst mentorship during the competition process. Alumni Sofia Maggi (Equities) was hired from the network.
• OpportunitycoreStrategic or Co-development PartnerOpportunity runs the Desafio Opportunity competition, in which Insper Asset won the championship in 2024 and was vice-champion in 2023. The Opportunity Equities team provided mentorship to the winning team. Alumni João Lindenberg was hired from the network.
• BTG Pactual (Competition)flagshipStrategic or Co-development PartnerBTG Pactual organizes the BTG Pactual Experience, an annual university investment competition. Insper Asset won the championship in 2024 (Spart Capital team) and 2025 (RMS Capital team), and reached the finals in 2023 (Soc II Capital team).
• GalapagosminorStrategic or Co-development PartnerGalapagos organizes the Galapagos Business Challenge (first edition 2024), focused on project finance. Insper Asset's Seymour Partners team reached vice-champion position.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• XP Inc. Brazil's largest independent brokerage and a Flagship event partner of Insper Asset (CEO Thiago Maffra has spoken to the org). XP runs its own university talent and education programs and is one of the largest employers of Insper Asset alumni; relevant as a structural partner and peer-in-ecosystem rather than a direct competitor.
• BTG Pactual: Brazil's leading investment bank and the host of the BTG Pactual Experience competition that Insper Asset has won in 2024 and 2025. Functions as both Flagship event partner and the largest competition organizer in Insper Asset's competitive ecosystem.

Direct peers

• Poli Investimentos: Student investment organization at Escola Politécnica da USP. Operates an investment fund and competes in the same Brazilian university investment competitions (BTG Pactual Experience, Desafio Opportunity, LTS Challenge), drawing from the same elite São Paulo student talent base.
• IBMEC Invest: Student investment club at IBMEC, a Brazilian business school with strong finance programs. Operates the same selective-process, competition-driven model as Insper Asset and competes for the same recruiter attention and competition placements.
• Mackenzie Invest: Student investment organization at Mackenzie Presbyterian University in São Paulo. Comparable São Paulo-based university finance club targeting the same career outcomes (investment banking, asset management, equity research) for Insper's peer institutions.
• PUC-Rio Invest: Student investment club at PUC-Rio. Comparable in structure (university-affiliated, selective process, investment research output) and competes in the same national competition circuit, though based in Rio de Janeiro rather than São Paulo.
• FGV Invest: FGV's student investment club at Fundação Getúlio Vargas in São Paulo. It is the closest Brazilian peer—same university-club model, same talent pool, same competition circuit, and same target recruiters (BTG Pactual, XP, Itaú BBA).

Others

• CFA Institute Research Challenge: Global university equity research competition organized by CFA Institute. Insper Asset's Bank of America Research Challenge participation (an affiliate of this circuit) places the org directly in this ecosystem—same target users (finance students) and same talent-identification mechanism.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/insper-asset
• Instagraminstagram.com/insper.asset

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Insper Asset