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Our Governance

Learn about ABVCAP's governance structure, principles, boards, committees, and the Bylaws that guide its institutional activities.

Statute and General Assembly

ABVCAP's Bylaws establish the legal and organizational guidelines governing its activities as a non-profit association dedicated to fostering long-term investment in Brazil. Structured to ensure transparency, governance, representation, and a commitment to best practices, the document formalizes the principles, objectives, rights, and responsibilities of its members, as well as the organization's governance structure and mechanisms for engaging with society and the market.
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The General Assembly is the Association’s highest governing body.

The General Assembly, composed of the community of members, has the following responsibilities: to deliberate on the representativeness and scope of the Association; to define the rules for membership and dismissal of members; to elect, approve or dismiss members of the Deliberative and Fiscal Councils; to decide on the application of penalties to members; to approve the Association's accounts annually; and to deliberate on the entity's future.

Deliberative Council

The Deliberative Council is the permanent operating body responsible for the strategic direction of ABVCAP, composed of twelve members, associates of ABVCAP, for a term of 3 (three) years.

At least six members must be representatives of Managing Associates and a maximum of six may be representatives of other ABVCAP membership categories.

The Deliberative Council has nine members elected by the General Assembly and three members appointed by the majority of the members of the Deliberative Council, with the support of the Nomination Committee.

Priscilla Rodrigues
President
Piero Paolo Minardi
Vice President
Francisco Sanchez Neto
Vice President
Luiz Eugenio Figueiredo
Vice President
Marina Procknor
Vice President
Pedro Sirotsky Melzer
Vice President
Danilo Rafael Just
Fernando Cezar Dantas
Joaquim Matos de Figueiredo
Jorge Lange
Maria Cristina Penteado
Rafael Bassani

Advisory Board

The Advisory Board is a non-permanent advisory and consultative body of ABVCAP, established by the Deliberative Council, focused on providing strategic support and advice. It may include up to 12 invited external members with notable capital markets expertise, appointed by the Deliberative Council for three-year terms.

Former presidents of the Deliberative Council also form part of the Advisory Council as lifetime members, provided they do not hold other governance positions at ABVCAP.

Its members can propose measures of interest to the association, suggest projects, programs, and methodologies, and provide opinions on topics submitted by the Deliberative Council, contributing to the organization's guidelines and strategic planning. Their opinions and proposals, however, are not binding.

Alvaro Gonçalves
Stratus Group, former President of ABVCAP

Clovis Benoni Meurer
CRP – Holding Company, former President of ABVCAP

Flavia Mouta Fernandes
B3

Maria Cecilia Rossi
InterLink Consulting

Martin Miralles Pose
TozziniFreire Lawyers

Marcus Regueira
Mayo Clinic, former President of ABVCAP

Patricia Freitas
ABVCAP Member

Roberto Hesketh
Multicapital of Brazil, former President of ABVCAP

Sidney Chameh
DGF Investimentos, former President of ABVCAP

Maria Susana Garcia-Robles
Capria Ventures

Committees

The Committees act as advisory bodies to the Deliberative Council, issuing non-binding recommendations that must be accompanied by analyses justifying their proposals. Only with the Council's approval can the Committees represent ABVCAP or deliberate on operational and administrative matters. Each Committee must have up to five Coordinators, including one Lead Coordinator, and a Sponsor chosen from among the council members, responsible for reporting to the Council.

The Sustainability Committee's objective is to produce knowledge on the topic for stakeholders, aiming to permeate the entire investment cycle of managers and investors; self-regulation; broadening the debate and building an agenda in partnership with other financial market institutions, in addition to increasing the scope and relevance of the Sustainable Investment Forum (FIS), as a center for these debates and promoting a deep and strategic reflection on the role of the alternative assets industry in global economic and social development.

Sponsor: Maria Cristina Penteado, Blue Orange Sustainable Capital
Lead Coordinator: Filipe Borsato, BNDES

The purpose of the Regulatory Committee is to monitor regulatory and legislative changes that may impact the alternative investment industry in Brazil and its stakeholders, proposing improvements deemed necessary in line with best practices and, whenever possible, following international benchmarks. This committee works alongside all of the Association's sectoral committees to analyze proposed standard revisions. Together with the Deliberative Council, the CER serves as an intermediary between ABVCAP and public and regulatory agencies for industry requests.

Sponsor: Marina Procknor, Mattos Filho Lawyers, Vice-President ABVCAP
Lead Coordinator: Luiz Eugenio Figueiredo, BRAM, Vice-President ABVCAP

The objective of the Events and Educational Committee is to map the main training demands of stakeholders in the alternative assets ecosystem, as well as to organize training, workshops, events and missions capable of enhancing networking opportunities and relationships between ABVCAP members and non-members and promoting the improvement of those who work or want to work in the alternative assets industry, in general, sharing the best operational practices, through reference cases of this industry.

Sponsor: Danilo Soares, Treecorp Investments, ABVCAP Advisor

The Private Equity Committee brings together managers to discuss issues related to investment operations in already established companies with great potential for growth and consolidation, and to propose regulatory changes that favor the development of these activities in Brazil, as well as attract local and global capital to these companies, in addition to offering exit opportunities and legal security to investors, capable of increasing the attractiveness of these investments.

Sponsor: Fernando César Dantas Borges, SPX Capital, ABVCAP Advisor
Lead Coordinator:Patrick Ledoux, Noon Capital

The Venture Capital Committee brings together managers to discuss VC investments, innovation, and entrepreneurship, and to propose regulatory changes that will favor the development of their activities in Brazil and unlock investments in early-stage companies.

Sponsor: Pedro Melzer, Igah Ventures/Pátria Investimentos, ABVCAP Advisor
Lead Coordinator: Marcello Gonçalves, Domo Investments

The Committee's objectives are to promote best practices for CVCs aligned with international industry standards, share experiences on the various operating strategies of this segment, promote improvements in the legal and regulatory framework for R&D&I investments by corporations, foster networking opportunities and build relationships among committee members, and conduct studies and research to monitor the evolution of CVCs in the country and serve as a global reference.

Sponsor: Joaquim Lima, Riverwood, ABVCAP Advisor
Lead Coordinator: Artur Faria, Oxygea

The objective of the Institutional Investors Committee is to expand the participation of Brazilian institutional investors – pension entities, family offices, insurance companies, endowments, development and development banks, among others – through ABVCAP and its associates, in Brazilian private asset classes, providing legal certainty and a legal framework appropriate to the attractiveness of these investors.

Sponsor: Rafael Bassani, Spectra Investments, ABVCAP Advisor
Lead Coordinator: Alexandre Cunha, Nebraska

The objective of the Non-Resident Investors Committee is to encourage investment by international investors through ABVCAP and its members in Brazilian private asset classes – private equity, venture capital, infrastructure and special situations, providing legal certainty and a legal framework suitable for attracting foreign capital.

Sponsor: Jorge Lange, ABVCAP Advisor
Lead Coordinator: Carlos Moreno, IFC

Our team

Adriana Fernandes
Executive Superintendent
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Marcio Barea
Executive Manager
Leila Nobre
Assistant to the Board
Reinaldo Lima
IT Coordinator
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Ronaldo Lujan
Financial Coordinator
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Edgar Augusto Santi
IT Analyst
Julia Lima
International Analyst
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Mauricio Vilas Boas
Financial Analyst
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Pedro Roquim
Financial Administrative Assistant
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Cristiane Nascimento
International Project Consultant
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Priscilla Rodrigues
Chairman of the Board
Managing Associate, representative of XP Asset
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Piero Paolo Minardi
Vice-President of the Board
Managing Associate, representative of Lazuli Partners

Piero Minardi has been a Senior Advisor at Warburg Pincus since 2023, after serving as the firm's Managing Partner from 2014 to 2022. With over 20 years of experience in Private Equity, he also worked at Gávea Investimentos, Darby Overseas, Baring, AIG Capital Partners, Bunge, Banco Pactual, McKinsey, and Accenture. He served as a director on the boards of 20 companies and was a member of the EMPEA Board (2011–2015), where he was the only Latin American representative. A Mining Engineer from USP and an MBA from INSEAD, he has participated in the fundraising and investment of over USD 8 billion in more than 50 companies in Brazil.

Francisco Sanchez Neto
Vice-President of the Board
Managing Associate, representative of Lions Trust Resource Management Ltd.

Francisco is a founding partner of Lions Trust, the first Brazilian fund manager focused on Private Equity and Venture Capital. With over 20 years of experience in the financial and capital markets, he is authorized by the CVM as a portfolio manager and has structured or managed over 100 FIPs. He is currently Vice-Chairman of the Deliberative Council of ABVCAP and serves on the boards of Anbima, Abrapp, and CNF.

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Luiz Eugenio Junqueira Figueiredo
Vice-President of the Board
Managing Associate, representative of Banco Bradesco SA

Luiz Eugenio is an Alternative Investment Manager at Bradesco Asset, Vice-Chairman of the ABVCAP Deliberative Council, and Coordinator of the Regulatory Committee. He has worked at PriceWaterhouseCoopers, Unibanco, Banco Pactual, Rio Bravo Investimentos, and BNP Paribas Asset. He holds a bachelor's degree in economics from FAAP and completed his postgraduate degree in Economics at MIT Sloan.

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Marina Procknor
Vice-President of the Board
Associated Legal Entity Service Provider, representative of Mattos Filho, Veiga Filho, Marrey Jr. and Quiroga Lawyers.

Marina has been a partner at Mattos Filho Advogados for 10 years, specializing in cross-border transactions, including private equity, joint ventures, financing, and securitization. She advises investors and financial institutions on structuring investment vehicles and transactions involving various assets. She was recognized by Latin Lawyer in 2013 as one of the most inspiring women in Latin America and supports social enterprises through pro bono work with Muhammad Yunus.

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Pedro Sirotsky Melzer
Vice-President of the Board
Managing Associate, representative of Igah Ventures/Pátria Investimentos Ltda.

Pedro Sirotsky Melzer is a founding partner of Igah Ventures and a partner at Pátria, the largest alternative investment platform in Latin America. A pioneer of venture capital in Brazil, he has been active in the sector since 2010 and has invested in over 50 companies, including iFood, Unico, Conexa Saúde, and Avenue. Previously, he was Global Revenue Manager at Apple in Cupertino. He holds an MBA from Kellogg and is passionate about supporting entrepreneurs who use technology to improve lives and generate efficiency.

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Danilo Rafael Just Soares
Managing Associate, representative of Treecorp Partners Gestora Ltda.

A partner at Treecorp Investimentos since 2012, he works in private equity with a focus on growth capital in the consumer, healthcare, technology, and services sectors. He is chairman of the board of Cabana Burger and an observer on the board of Petz, in addition to having served on the boards of Innova and MC1. A CVM-authorized manager and CFA charterholder, he previously worked at Vella Pugliese Advogados in M&A, funds, and corporate reorganizations. He holds a law degree from UEPG, a postgraduate degree in Finance from FIA-USP, and a postgraduate degree in Tax and Corporate Law from the Curitiba Law School.

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Fernando Cezar Dantas Porfirio Borges
Managing Associate, representative of SPX Private Equity Resource Management Ltda.

A partner at SPX since 2021, he has 28 years of experience in private equity, participating in 35 deals and investing US$3.5 billion. He was Managing Director and Head of the Carlyle South America Buyout (2007–2021), in addition to working at AIG Capital Partners and Bozano, Simonsen. He chaired ABVCAP from 2014 to 2018 and has been a member of its Board since 2012. He holds a bachelor's degree in International Relations from UnB and a master's degree from Johns Hopkins University.

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Joaquim Matos de Figueiredo Lima
Managing Associate, representative of RWBR Capital Assessoria e Investimentos Ltda. (Riverwood)

A partner at Riverwood Capital since 2011, he invests in Brazil and Latin America. He serves on boards such as Amigotech, CRMBonus, Dock, Intelipost, Pet Love, and Pixeon, and is an observer advisor at Cortex, Omie, and Sensedia. He has served on the boards of Mandic, RD Station, and Synapsis. Previously, he worked for seven years at IFC, focusing on technology, manufacturing, and services, and also worked at Brasil Telecom and Citibank. He holds a degree in Business Administration from UFPE and a Master's in Finance from City, University of London, as a Chevening Scholar.

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Jorge Lange
Managing Associate, KKR representative

Jorge Lange joined KKR in 2024 and is a member of the Global Client Solutions team. Previously, Jorge was a partner at XP Inc. and head of alternative funds in the asset management group. Prior to that, he worked for over a decade as a senior executive at private equity firms, including Graycliff Partners and Partners Group. He began his career at Banco Itaú as an economist in 2003. Jorge holds a degree in Economics from the University of São Paulo and an MBA from London Business School.

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Maria Cristina Penteado
Managing Associate, representing Blue Like an Orange Resource Manager Ltd. (Blue Like an Orange Sustainable Capital)

Cristina is Managing Director and Head of Brazil at Blue Like an Orange Sustainable Capital, with over 20 years of experience in finance, including alternative investments, investment banking, and the corporate market. She served as Partner and Head of Private Equity at STS GAEA Capital, Mezzanine Director at Credit Suisse, and led private equity and venture capital in Brazil at Darby. She also worked at Morgan Stanley in New York and at the Bunge Group. She holds a bachelor's degree in Business Administration from FGV (FGV), a bachelor's degree in Biological Sciences from USP (São Paulo State University), and an MBA from the University of Chicago Booth.

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Rafael Bassani
Managing Associate, representative of Spectra Investimentos Ltda.

Rafael is a founding partner of Spectra, where he has worked since the firm's inception. The firm currently manages approximately R$14,000 billion in alternative assets. He led initiatives such as the nationalization of search funds in Brazil, the structuring of secondary acquisitions, and the creation of the largest database on alternative assets in Latin America, in partnership with Insper and ABVCAP. He serves on various strategies and portfolio advisory boards and is a member of the ABVCAP Board (2023–2026). He holds a degree in civil engineering from Poli-USP.

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