Terravista Capital

What Terravista Capital does

Terravista Capital is a São Paulo-based, privately held investment advisory firm founded in 2019 that specializes in Brazilian judicial assets, principally precatórios (federal, state, and municipal court-ordered debts), as well as rights over judicial actions, arbitrations, and legal fees. The firm operates a vertically integrated three-entity ecosystem: Precatório Fácil originates and negotiates acquisitions of creditors' precatórios; Mekaru, Camargo e Koga Advogados handles court homologation of cessões and execution of liquidity strategies; Terravista Capital itself sets investment strategy, controls the assets, and manages investor relations. The founding partners are Rogerio Camargo (CEO, lawyer), Guilherme Parente (President of the Board, master's in engineering from Poli), and Arthur Nogueira (Partner responsible for technology, credit, and commercial areas, engineer from ITA).

The firm's product shelf comprises five closed-end investment funds structured primarily as FIDC (Fundos de Investimento em Direitos Creditórios) vehicles: Erga Omnes FIDC-NP (launched March 2023), Erga Omnes II FIC-FIM (April 2023), Erga Omnes II FIDC-NP (March 2024), Bona Fide FIDC-NP (January 2025), and Res Judicata FIDC-NP (December 2025 open offering). These funds target professional and qualified Brazilian investors with multi-year lock-up, applying a seven-pillar investment framework that spans maturity, credit, judicial thesis, public entity counterparty, credit value, simulation, and profitability. A core structural feature is the "Erga Omnes" subordination design, under which Terravista or its partners hold subordinate quotas that absorb tail risk, aligning the firm's interests with senior investor outcomes.

Terravista generates revenue through fixed and asset-based management/advisory fees on the funds it advises and, indirectly, oversees. Disclosed fee levels range from 0.25% p.a. administration (Erga Omnes FIDC-NP) to 1.55% p.a. combined administration/management and advisory (Bona Fide FIDC-NP). Distribution is relationship-led, executed through direct engagement with professional and qualified investors via the firm's ecosystem partners, with eight separate asset managers and administrators (Ativa, Reag, Arandu, Planner, Acura, Sefer, Nova Occam, Inter DTVM) acting as gestores and custodians across the various vehicles. The firm is founder-controlled, employs between 11 and 50 people, and operates solely within Brazil.

Name

Terravista Capital

Legal name

Terravista Capital

Website

https://terravistacapital.com.br

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Terravista Capital is a São Paulo-based investment advisor founded in 2019 that advises closed-end FIDC and FIC-FIM funds investing in Brazilian judicial assets (precatórios, lawsuits, arbitrations, and legal fees) for professional and qualified investors, operated through an integrated ecosystem with Precatório Fácil (origination) and Mekaru, Camargo e Koga Advogados (legal execution).

Ownership category

akta.pro rank

Product category

Investment Advisory & Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Non-Performing Loan (NPL) / Loan Portfolio Acquisition Funds (FSANAKAG)

Keywords

• Judicial asset investment
• Precatorio fund management
• Credit rights funds
• Investment advisory services
• Structured credit investing

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Advisory and Management Fees: Terravista Capital generates revenue through advisory fees and fund management services, including administration fees charged to investment funds (FIDC structures) that it manages and advises. Fee structures include fixed annual administration fees and performance-linked structures.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Terravista Capital provides investment advisory and asset management services focused on Brazilian judicial assets, including precatórios (federal, state, and municipal court-ordered payments), rights over lawsuits and arbitrations, and legal fee rights. The firm manages multiple closed-end investment funds (FIDC and FIC structures) that target professional and qualified investors, with subordinated structures where the firm and its partners absorb tail risk. It operates within an integrated ecosystem alongside Precatório Fácil for origination and Mekaru, Camargo e Koga Advogados for legal execution and liquidation.

Product overview

Terravista Capital operates as a unified ecosystem comprising three core components: Terravista Capital (control and strategy), Precatório Fácil (asset origination), and Mekaru, Camargo e Koga Advogados (legal execution). The company advises investment funds on precatório acquisitions, offering investors exposure to judicial assets including federal, state, and municipal precatórios, rights over lawsuits and arbitrations, and legal fees. The investment vehicle lineup includes five FIDC (Fundo de Investimento em Direitos Creditórios) funds in the Erga Omnes family (Erga Omnes FIDC-NP, Erga Omnes II FIC-FIM, Erga Omnes II FIDC-NP 2024), plus Bona Fide FIDC-NP and Res Judicata FIDC-NP, which are structured to deliver fixed-income-style returns to professional and qualified investors.

Differentiator

Problem solved

Functional benefit

Brands

• Erga Omnes FIDC-NP: Family of closed funds with subordination structure where the subordinate quotaholder is primarily Terravista or its partners.
• Erga Omnes II FIC-FIM
• Bona Fide FIDC-NP
• Res Judicata FIDC-NP

Products and services

• Investment Advisory & Fund Management Services Core advisory and management service through which Terravista Capital originates judicial assets, structures investment strategies, conducts credit analysis, and supervises portfolio construction for managed investment funds. Targets professional and qualified investors in Brazil.
• Erga Omnes FIDC-NP Closed-end Credit Rights Investment Fund (FIDC-NP) for professional investors, providing exposure to judicial assets (precatórios) with a 6-year term, 0.25% p.a. administration fee, no performance fee, and no redemptions. Subordination structure where Terravista or partners hold subordinate quotas.
• Erga Omnes II FIC-FIM Closed-end multimercado Crédito Privado fund (FIC-FIM) targeting qualified investors, with a R$ 3,000/month administration fee structure and closed-end vehicle status.
• Erga Omnes II FIDC-NP (2024) Second FIDC-NP (Credit Rights Investment Fund) vehicle for professional investors, managed by Arandu Investimentos with Planner Corretora de Valores as administrator and custodian.
• Bona Fide FIDC-NP Closed-end Credit Rights Investment Fund (FIDC-NP) for professional investors with a 6-year term, 0.55% p.a. administration/management fee, 1% p.a. advisory fee post-allocation period, and no performance fee. Managed by Acura Gestora de Recursos with Sefer Investimentos as administrator and custodian. Start date: 22/01/2025.
• Res Judicata FIDC-NP Open-offering Credit Rights Investment Fund (FIDC-NP) managed by Nova Occam Brasil Gestão de Recursos, with Inter Distribuidora de Títulos e Valores Mobiliários as administrator and custodian. Start date: 30/12/2025.

Quantifiable outcome

• Fixed-income-like returns for senior investors with tail risks borne by subordinate positions

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Precatório FácilcoreChannel Partner/ Reseller/ DistributorOrigination partner that identifies creditors interested in selling precatórios and negotiates acquisition prices. Key component of Terravista's own ecosystem for selecting, originating, controlling, and liquidating investments.
• Mekaru, Camargo e Koga AdvogadoscoreImplementation/ SI/ Consulting PartnerLegal partner responsible for homologation of cessões, execution of liquidity strategies, and lifting of acquired precatórios. Works on petitioning in court processes to achieve assignment homologation and conclusion of liquidity strategies.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Hedge Investments: Independent Brazilian asset manager with deep FIDC and credit receivables expertise. Comparable in fund structure (FIDC-NP closed-end vehicles) and target investor base (professional/qualified investors), with overlap in receivables underwriting methodology.
• Valora Gestão: Brazilian credit specialist manager with FIDC and fixed income strategies. Comparable as a focused credit asset manager serving institutional investors with structured receivables products.
• Capitânia Investimentos: Independent Brazilian asset manager specializing in fixed income and credit strategies, including FIDC and receivables funds. Highly comparable as a credit-focused manager serving professional investors with closed-end and structured fund vehicles.
• Eco Agro: Brazilian manager specializing in agribusiness credit receivables through FIDC structures. Comparable in adopting a sector-specific receivables acquisition model with subordination, although Eco Agro focuses on agri rather than judicial assets.
• Arandu Investimentos: Brazilian asset manager serving as Gestor for Terravista's Erga Omnes II FIDC-NP (2024). Comparable as a credit-oriented Brazilian manager with FIDC product capabilities, though at smaller scale and acting in a partner role for Terravista.
• Modal Asset: Brazilian asset manager offering credit, multimarket, and structured strategies, including FIDC products. Comparable in multi-strategy credit fund lineup and target investor segments.
• Panamby Capital: Brazilian asset manager focused on credit strategies including receivables and FIDC structures. Comparable as a smaller, credit-specialized manager with similar fund vehicle structures and target investor base.

Broad incumbents

• Vinci Partners: Brazilian alternative asset manager with credit, distressed, and special situations strategies. Comparable as a fellow Brazilian manager building credit-oriented products, but at materially larger scale and broader mandate than Terravista's precatório focus.
• Kinea Investimentos: Itaú Unibanco's asset management arm, with significant credit and structured credit strategies including FIDC vehicles. Comparable as a Brazilian manager with credit fund products, though operating at much larger scale and across broader strategies.
• BTG Pactual: Largest independent investment bank in Latin America with a broad asset management platform. Comparable as a potential competitor entering the judicial credit / FIDC space, though BTG operates across a much wider product universe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/terravista-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 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 Terravista Capital