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Our Members

Meet the partners driving the alternative investment ecosystem in Brazil.

Our Association

ABVCAP's membership is composed of an unlimited number of Associates, with active and proven experience in the Brazilian alternative assets industry, including seed capital, venture capital, private equity, private credit, real estate, natural resources, infrastructure and special situations, as long as they fall within the membership categories.

Members include alternative asset fund managers, national and global institutional investors, funds of funds, secondaries, development and development banks, corporations, family offices, sovereign wealth funds, pension funds, and angel investors.

+250

Associates

+340B

Investments
between 2013 and 2024

+4500

Rounds
between 2013 and 2024

24

Unicorns

Our Associates

Supporting Associates

Title granted to outstanding legal entity Associates who contribute in a differentiated, effective and significant manner to the financial maintenance, prosperity and prestige of ABVCAP and the sector as a whole, receiving personalized service and greater visibility and priority in ABVCAP products and events.

They include investment managers with local or international funds, as well as funds of funds or secondary funds that have discretionary management and allocation of third-party resources in alternative investments, including venture capital, private equity, private credit, real estate, natural resources, infrastructure and special situations.

Managing Associates have leadership in directing the entity, with greater representation than other categories in the formation of its main body, the Deliberative Council.

They include institutional investors, local or foreign, such as corporations, assets, family offices, endowments, sovereign wealth funds, closed or open private pension entities, insurance companies, national, international or multilateral development agencies or entities, development banks, as well as angel investors who are investors in the venture capital, private equity, private credit, real estate, natural resources, infrastructure and special situations industries.

Individuals or legal entities that operate, directly or indirectly, in the venture capital, private equity, private credit, real estate, natural resources, infrastructure, and special situations industries, advising managers and investors, such as lawyers, consultants, auditors, fiduciary administrators, placement agents, custodians, recruitment companies, among others.

These are Managers in the process of establishing or developing operations who have the prospect of becoming Managing Associates in the future. Beginner Managers are a transitional category. The membership period is set by the Board of Directors.

For more information, please consult our exclusive Members' Directory.

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Honorary members

Title granted by the Deliberative Council to an individual, of national or international renown, in relation to their performance in the segments of interest of ABVCAP, and deserving of recognition and gratitude for the services provided to the sector and/or ABVCAP.

Ary Burger
In Memoriam
Luiz Leonardo Cantidiano
In Memoriam
Thomas Tosta de Sá
Roberto Teixeira da Costa
Advent
Founded in 1984, Advent is one of the largest and most experienced private equity firms in the world. Since its inception, Advent has completed more than 420 transactions in 43 countries. Currently, Advent manages over US$1,400 billion in assets. With 15 offices in 12 countries and on four continents, Advent operates globally and in an integrated manner with a team of more than 310 investment professionals. Advent focuses its investments on five sectors: financial services and services; healthcare; industrials; retail, consumer and leisure; and technology, media and telecom.
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BTG Pactual
BTG Pactual is the largest investment bank in Latin America, operating in the investment banking, corporate lending, sales and trading, wealth management, asset management, SMEs, digital investments, and banking markets. Since its inception, it has been managed based on a meritocratic partnership culture, focused on the client and excellence. The institution has established itself as one of the most innovative in the sector, winning numerous awards. It currently has offices in Latin America, the United States, and Europe.
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FM/Derraik
FM/Derraik emerged from a collaboration between lawyers from different firms, brought together at the request of a publicly traded company seeking legal advice for an innovative project. The experience revealed the complementary nature of the professionals, combining innovation and experience, creativity and pragmatism, with a focus on sophistication and legal depth. Currently, the firm advises more than 40 investment funds and founders of more than 300 startups on their entrepreneurial journeys. Since its inception, it has been managed based on a meritocratic partnership culture, focused on the client and excellence. The firm has established itself as one of the most innovative in the sector, winning numerous awards. It currently has offices in Latin America, the United States, and Europe.
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Kinea Private Equity
Kinea Private Equity currently manages over R$15 billion and has made 18 investments since 2009, including companies such as Grupo Multi, Unidas, Panvel, and Cobasi. The fund follows a growth equity strategy, investing in mid- and large-sized companies in Brazil, with average ticket sizes between R$150 million and R$1300 million. Although it does not have a strict sector focus, it prioritizes non-discretionary and non-cyclical sectors, such as healthcare, education, and technology. Its operations span the strategic, tactical, and operational levels. The manager also seeks market-leading or regional companies, and its senior team has over 20 years of combined experience, having started at AIG in 2000.
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Lefosse
With experience and a track record in cases across a wide range of sectors, we were named the best law firm of the year in Brazil by The Legal 500, the highest recognition in the legal market. We are a firm with innovative thinking and accelerated growth. We operate multidisciplinary across more than 20 practices and have quadrupled our headcount in recent years. Today, Lefosse is a comprehensive platform for driving business. Each of our professionals plays a fundamental role in strengthening who we are, and our culture is founded on values that guide our decisions.
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Lexington Partners
Lexington Partners is one of the world's largest private equity secondaries and co-investment fund managers. Lexington helped pioneer the development of the secondary market over 30 years ago and created one of the first co-investment programs. Lexington has total capital exceeding US$1,400,000 and has acquired over 5,000 private equity fund interests through over 1,000 transactions. Lexington's team is strategically located in key private equity hubs across North America, Europe, Asia, and Latin America.
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Lions Trust
Lions was the first Brazilian fund manager created specifically to serve the alternative fund segment (PE, VC, Seed, Real Estate, and Infrastructure). With an independent and vertically integrated 100% structure, Lions is equipped to serve managers and investors in the fiduciary administration, controllership, custody, and bookkeeping of all fund types (FIP, FIDC, FII, Fiagro, etc.), legal representation and custody of non-resident investors, intermediation of exchange/over-the-counter transactions, as a fiduciary agent, and the opening and operation of escrow accounts.
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Mattos Filho
Mattos Filho is a high-performance, strategically partnered law firm that anticipates trends and offers innovative legal solutions with excellence in over 40 areas of law. We allocate the best resources in a coordinated and integrated manner to address our clients' specific needs, working in multidisciplinary teams whenever necessary, ensuring customized and assertive service. With a full-service structure and a national and international presence, we have offices in São Paulo, Campinas, Rio de Janeiro, Brasília, New York, and London.
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TMF Group
TMF is a leading provider of administrative and fiduciary services, helping clients invest and operate safely around the world. Our clients operate primarily in Private Equity, Venture Capital, Corporate Venture, Search Fund, Real Estate, Credit, and Debt. Among them are more than 601 T3T of the Fortune Global 500 companies. With teams in more than 87 countries, including 40 in Brazil alone, where we currently have over BRL 40 billion AuA, we offer local expertise with a global structure. Our tailored solutions generate value and operational efficiency for our clients, who are asset managers.
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Tozzini Freire
TozziniFreire is a leading legal services organization in Latin America, operating in all areas of corporate law and with a significant track record serving domestic and international companies across a wide range of sectors. With offices in several Brazilian cities, it offers a unique standard of quality and client service, as well as the same resources nationwide. Since its founding in 1976, it has played a central role in many of the most significant transactions in the Brazilian market, becoming one of the largest and most respected law firms in the country.
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Vinci Compass
Vinci Compass is your leading partner for alternative investments and global solutions in Latin America. With nearly three decades of experience and thirteen offices throughout Latin America and the United States, our expertise spans Private Equity, Credit, Real Estate, Infrastructure, Forestry, Equities, Global Investment Products and Solutions, and Corporate Advisory. Each segment is led by specialized teams committed to excellence in investment management and advisory. Vinci Compass has over US$1.5 billion in assets under management and advisory (Mar/25).
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Warburg Pincus
Warburg Pincus is a global private equity firm focused on high-growth companies. Founded in 1966, it has over US$1,400 billion in assets under management and an active portfolio of over 230 companies across various sectors and regions. It has invested in over 1,000 companies through private equity, real estate, and capital solutions strategies. It is headquartered in New York and has a global presence, including an office in São Paulo.
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Ary Burger
In Memoriam (*1921 +2010)

Ary Burger was a founding partner of CRP and a pioneer of private equity in Brazil. He served as the company's Managing Director until 1996 and actively participated in the management of the CRP I and CRP II funds. He played a key role in the creation of CVM Instruction 209 and the founding of ABVCAP. An economist and accountant with a doctorate in Economics, he held prominent positions such as Secretary of Finance of Rio Grande do Sul, president of BRDE and BADESUL, director of the Central Bank, and CFO of Gerdau. He also participated in international economic missions for the World Bank (IBRD).

Luiz Leonardo Cantidiano
In Memoriam (*1949 +2017)

A law graduate from UERJ in 1972, he placed first in the CVM (Brazilian Securities and Exchange Commission) exam in 1978, but opted for a career in the private sector. He was a partner at the law firm Motta, Fernandes Rocha until 2016, when he founded Cantidiano Advogados. He served as president of the CVM (Brazilian Securities and Exchange Commission) from 2002 to 2004, and also served as president of COSRA (Brazilian Securities and Exchange Commission) during the same period. A specialist in corporate law and capital markets, he played a key role in the creation of B3's Novo Mercado (New Market). He served on several boards, including ABVCAP, BNDESPAR, and ABRASCA, and has published three books and numerous articles on the subject.

Thomas Tosta de Sá

Thomás was president of the CVM (Brazilian Securities and Exchange Commission) from 1993 to 1995, during which time he regulated investment funds for emerging companies, aiming to support SMEs. He also chaired COSRA, was a director at Banespa Corretora, an advisor to the president of Bovespa, and is one of the founders of ABVCAP, where he served on the Board. He chaired IBMEC and currently leads Codemec. He published the book *Sociedades de Capital de Risco* and, with support from ABAMEC, organized the first venture capital seminar in Brazil. He also lectured at the Sorbonne University on the Brazilian capital markets.

Roberto Teixeira da Costa

He was the founder and first president of the Brazilian Securities and Exchange Commission (CVM), a central figure in the organization of the Brazilian capital markets. He currently chairs the Market Arbitration Chamber (CAM) of B3. His career began at Deltec in 1958, and he served as vice president of Banco de Investimento do Brasil and Unibanco until 1977. He also chaired Brasilpar, a pioneer in venture capital and private equity in Brazil. He founded CEBRI and served on several national and international boards, including the Interamerican Dialogue, CEAL, and IASB. His career is closely linked to the institutional strengthening and internationalization of the Brazilian capital markets.