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Banco BV
Banco BV is a Brazilian asset manager focused on infrastructure, real estate, and private credit, led by CEO Gabriel Jannone.
Banco BV
Banco BV traces its roots to 1991 when it was established as Banco UBS Pactual’s Brazilian banking arm, later spun out after UBS's acquisition of Pactual in 2006 and eventual sale to BTG Pactual. The firm now operates independently under the leadership of CEO Gabriel Jannone, focusing on asset management and investment banking for institutional clients. Its investment strategy centers on infrastructure, real estate, and private credit, deploying capital through direct investments and structured finance vehicles. The firm has been active in Brazil's infrastructure sector, participating in toll road and energy projects, though specific portfolio companies are not consistently disclosed in English-language sources. Geographic focus remains overwhelmingly Brazilian, with additional offices in Rio de Janeiro and a US presence in Redmond, Washington. Banco BV employs roughly 200 professionals across its offices, though precise headcount figures vary. The firm also runs a real estate investment trust (REIT) arm and an infrastructure debt origination business. In 2023, it closed a significant infrastructure debt fund targeting Brazilian energy transition and logistics assets, per industry reports. A structural differentiator is Banco BV's hybrid identity: it operates as both a regulated bank and an asset manager, combining balance sheet lending with third-party fund management. This dual mandate gives it a sourcing advantage in Brazilian infrastructure and real estate deals, where it can commit principal capital alongside client funds.
General information
Firm type
Asset Manager
Year founded
1991
AUM
Undisclosed
Location
Region
North America
Country
Brazil
City
São Paulo
Corporate office
São Paulo, Brazil
Additional offices
Rio de Janeiro, Brazil · Redmond, WA, United States
Principals
Gabriel Jannone
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Banco BV?
CEO Gabriel Jannone leads the firm overall. Investment decisions are distributed across sector-specific teams for infrastructure, real estate, and private credit. The firm maintains a centralized investment committee that reviews major allocations.
How does Banco BV source proprietary deal flow?
Banco BV leverages its banking license and balance sheet to originate deals directly in Brazilian infrastructure and real estate, often providing construction financing or bridge loans that convert into longer-term investments. Its legacy relationship network from the UBS Pactual era also contributes to deal access.
Is Banco BV structured as a family office or an asset manager?
Banco BV is a regulated bank and asset manager, not a family office. It manages third-party capital through funds and mandates, alongside its own balance sheet. The firm has no disclosed single-family wealth origin.
Does Banco BV participate in fund commitments or only direct deals?
The firm operates both direct and fund-based strategies. It originates and manages its own closed-end infrastructure and real estate funds, while also making direct co-investments alongside clients in selected projects.
What investment stages does Banco BV typically target?
Banco BV focuses on the construction, development, and operational phases of infrastructure and real estate projects. It provides structured debt, project finance, and occasionally equity for assets generating predictable cash flows.
Which sectors does Banco BV explicitly avoid?
The firm avoids early-stage venture capital, public equities, and speculative technology investments. Its mandate is regionally anchored in Brazilian infrastructure, real estate, and credit.
How is Banco BV related to UBS or BTG Pactual?
Banco BV was originally part of UBS Pactual and was spun off after UBS sold Pactual to BTG Pactual in 2006. It has no current corporate relationship with either UBS or BTG Pactual and operates as an independent institution.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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