Harbour Capital

What Harbour Capital does

Harbour Capital is an independent Brazilian asset management firm headquartered in Porto Alegre, RS, founded in July 2021 by three partners with multidisciplinary backgrounds in consulting, financial markets, and tax law. The firm specializes in structured credit and alternative investments, managing approximately R$ 1.8 billion in net assets across roughly 45 funds as of the most recent data. Its product portfolio spans structured credit (Harbour Nautilus, Trinidad, Victoria, and Concepcion FIC FIDC funds), equity (Harbour IAT FI Financeiro Ações RL, originally the AZ Capital investment club founded in 2018), fixed income (Harbour Jacuy FIF RF), and pension strategies (Harbour Endeavour Prev FIM), alongside a FIDC structuring and management service business offering Supplier, Treasury, and Securitisation/Fintech FIDC structures for corporate clients.

The firm operates a two-layer business model combining fund management for qualified investors and corporate FIDC structuring services. Revenue is generated through annual management fees (typically 0.6%–2.1% depending on fund strategy) and performance fees at 20% over benchmarks such as CDI or Ibovespa. Distribution is channeled through major Brazilian financial platforms—BTG Pactual Digital (primary partner with dedicated assessor code 4136067), XP Investimentos, and Banco Daycoval—supplemented by direct investor relations and a digital investor portal. The firm employs 11–50 people, has served 3,500 companies and 3,600 individuals, and operates R$ 3.5 billion in cumulative volume. Proprietary technology includes a FIDC portfolio monitoring system and credit risk analysis framework, with Microsoft Power BI deployed for quantitative monitoring and indicator analysis. The firm is CVM-registered and audited by KPMG, Ernst & Young, and Next Auditores Independentes.

Name

Harbour Capital

Legal name

Harbour Capital

Website

https://harbourcapital.com.br

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Harbour Capital is an independent Brazilian asset management firm founded in 2021, headquartered in Porto Alegre, specializing in structured credit and alternative investments across approximately 45 funds and R$ 1.8 billion in assets under management.

Ownership category

akta.pro rank

Product category

Asset Management (Structured Credit / Alternative Investments)

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)

SIC

Asset-Backed Securities (6189), Finance Services (6199)

akta.pro primary industry

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)

akta.pro secondary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

Keywords

• Asset management services
• Structured credit funds
• FIDC structuring
• Alternative investments
• Private credit funds

Headquarters

HQ city

Porto Alegre

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: Generates revenue through management fees charged on assets under management across its fund family. Fee structures vary by fund type: structured credit funds typically charge 2-2.1% annual management fee, with additional performance fees of 20% over benchmark.
2. Performance Fees: Several funds charge performance fees typically at 20% over the benchmark (CDI or Ibovespa), creating alignment between fund performance and revenue.
3. FIDC Structuring Services: Provides FIDC structuring and management services for corporate clients, including Supplier FIDC, Treasury FIDC, and Securitisation/Fintech FIDC structures. Revenue generated through fund management and structuring fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Harbour Capital is an independent Brazilian asset manager that runs a family of approximately 45 investment funds (FIC FIDC structured credit, equity, fixed income, and pension strategies) managing around R$ 1.8 billion in net assets. It also provides professional FIDC (Receivables Investment Fund) structuring, management and monitoring services to corporate groups and family businesses. Its funds are distributed through major Brazilian platforms including BTG Pactual Digital, XP Investimentos and Banco Daycoval.

Product overview

Harbour Capital is an independent asset management firm focused on structured credit and alternative investments, founded in 2021 and headquartered in Porto Alegre, Brazil. The product portfolio consists of two main layers: (1) a suite of investment funds — Harbour Nautilus FIC FIDC, Harbour Trinidad FIC FIDC, Harbour Concepcion FIC FIDC, and Harbour Victoria FIC FIDC (structured credit), Harbour IAT FI Financeiro Ações RL (equity), Harbour Jacuy FIF RF (fixed income), and Harbour Endeavour Prev FIM (pension) — and (2) a FIDC Structuring and Management service offering three FIDC types: FIDC Fornecedor (Supplier), FIDC Tesouraria (Treasury), and FIDC Securitização/Fintechs. These funds collectively manage approximately R$1.8 billion in net assets across approximately 45 funds in operation, with the funds investing primarily in FIDCs managed by Harbour Capital or partner managers, and the service providing end-to-end structuring and management of FIDCs for third-party clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Harbour Nautilus FIC FIDC A closed structured credit fund (FIC FIDC) investing primarily in FIDCs via mezzanine, junior subordinated, or senior quotas, targeting CDI+4% to CDI+5% per annum, with a focus on different credit strategies and geographic diversification. Target audience: qualified investors.
• Harbour Trinidad FIC FIDC An open structured credit fund (FIC FIDC) with D+59/D+60 redemption, investing primarily in open-ended FIDC quotas (senior or mezzanine), targeting multi-cedant multi-debtor credit consultancies with low default profile. Return target: CDI+2% to CDI+3% per annum. Target audience: qualified investors.
• Harbour IAT FI Financeiro Ações RL An open equity fund (Ações Livre) applying value investing philosophy with independent fundamentalist analysis and a bottom-up approach, targeting consistent outperformance of the Ibovespa index over the long term through identification of distortions between fair value and market price.
• Harbour Endeavour Prev FIM A pension multi-strategy fund (Previdência Multimercado) focused on FIDCs and High-Grade Private Credit, targeting 120% of CDI per annum, with allocation limits across public securities (0-100%), FIDCs (0-25%), High-Grade Private Credit (0-75%), and High-Yield Private Credit (0-25%). Maximum administration fee: 1.5% p.a. Minimum investment R$1,000, minimum balance R$200.
• Harbour Jacuy FIF RF A closed fixed income fund investing in fixed income securities (public and private) and senior FIDC quotas under Harbour management, targeting CDI+0.5% to CDI+1% per annum with regressive income tax table. Global fee: 0.6% p.a.
• Harbour Victoria FIC FIDC A closed structured credit fund with restricted allocation to junior subordinated quotas of FIDCs under Harbour management, targeting professional investors, with a portfolio focused on the relationship between target return, credit risk, and level of subordination.
• Harbour Concepcion FIC FIDC An open structured credit fund targeting CDI+1.5% per annum, investing primarily in open-ended FIDC senior quotas through multi-cedant multi-debtor credit consultancies nationwide, with D+34 redemption. Global fee: 1.4% p.a.
• FIDC Structuring and Management Service Professional structuring and management services for FIDC products, including tax and business optimization, professional CVM-registered management, regulatory compliance, investor reporting, and auditing, covering supplier FIDCs, treasury FIDCs, and securitisation/fintech FIDCs. For corporate groups, family businesses, fintechs and originators.

Quantifiable outcome

• Target returns ranging from CDI+0.5% to CDI+5% per annum depending on fund strategy
• +2 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered primary, core and minor.

• BTG Pactual DigitalprimaryChannel Partner/ Reseller/ DistributorPrimary distribution partner for Harbour Capital funds. Investors can open accounts and subscribe to funds through BTG Pactual Digital platform with dedicated assessor code 4136067 for tracking and support.
• XP InvestimentoscoreChannel Partner/ Reseller/ DistributorMajor Brazilian investment platform serving as distribution channel for Harbour Capital fund products. Provides investor access and account management capabilities.
• Banco DaycovalcoreChannel Partner/ Reseller/ DistributorDistribution partner for select Harbour Capital funds including Harbour IAT. Provides banking infrastructure and investor distribution through Daycoval's customer base.
• Banco B3coreTechnology or IntegrationProvides custodian and banking services for Harbour IAT FI Financeiro Ações RL fund. Handles settlement, custody, and regulatory compliance services.
• BTG PactualcoreChannel Partner/ Reseller/ DistributorDistribution partner for Harbour Trinidad FIC FIDC fund, providing investor access platform and account management.
• Ernst & YoungminorOthersIndependent external auditor for Harbour Trinidad FIC FIDC, providing annual audit and financial statement verification services.
• KPMGminorOthersExternal auditor for Harbour IAT FI Financeiro Ações RL fund, providing independent financial audit services.
• Next Auditores Independentes S/SminorOthersIndependent auditor for Harbour Nautilus FIC FIDC, providing audit and financial verification services.

Scale indicators7 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Vinci Partners: Largest independent Brazilian alternative-investment manager with multi-strategy credit, equities, and private equity funds; comparable as a Brazilian-headquartered independent manager serving qualified investors through similar distribution and fee structures.
• XP Investimentos Asset Management: One of the largest Brazilian investment platforms and a Harbour distribution partner; comparable as an incumbent that distributes third-party funds while also offering proprietary asset-management products in the same categories as Harbour.
• BTG Pactual Asset Management: Brazil's largest investment platform and a key Harbour distribution partner; comparable as the dominant incumbent that Harbour's funds are distributed through and that competes for the same structured-credit mandate pool.

Emerging players

• Queluz Asset Management: Brazilian independent credit-focused manager with FIDC capabilities; comparable as a smaller, peer-tier Brazilian boutique active in private credit and structured products.
• Trígono Capital: Brazilian independent asset manager offering credit and fixed-income strategies to qualified investors; comparable as a Brazilian boutique with a similar focus on credit strategies and platform distribution.

Direct peers

• Icatu Vanguarda: Brazilian asset manager combining independent and insurance-affiliated distribution with FIDC and credit strategies; comparable to Harbour as a Brazilian competitor in the structured-credit and private-credit fund space.
• Galápagos Capital: Brazilian independent asset manager with a credit- and structured-product focus; comparable to Harbour given its FIDC/private-credit orientation, qualified-investor target segment, and platform-distribution model.
• ARX Investimentos: Independent Brazilian asset manager focused on credit, fixed income, and equities; closely comparable to Harbour as a Brazilian boutique manager competing for the same HNW/qualified-investor pool with similar FIDC and multimercado vehicles.
• Kapitalo Investimentos: Brazilian independent multi-strategy manager offering credit, macro, and equity funds to qualified investors; comparable as a Brazilian-headquartered boutique manager with similar fund structure, fee model, and distribution via major platforms.
• SPX Capital: Independent Brazilian alternative manager offering credit, private debt, and equities; comparable as a Brazilian boutique with a similar institutional-quality governance approach and multi-fund platform serving qualified investors.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Harbour-Capital-104392045000706
• LinkedInlinkedin.com/company/harbour-capital
• Instagraminstagram.com/harbourcapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Harbour Capital