BRBI BR Partners

BRBI BR Partners

BRBI BR Partners was founded in 2012 in São Paulo by Ricardo Lacerda and José Roberto Amador, two financiers with deep ties to Brazilian capital markets. The firm emerged as a multi-boutique platform, acquiring and incubating specialized investment teams rather than building a single monolithic strategy. Lacerda took the CEO role while Amador led investment direction, with the firm publicly listing itself on the Brazilian B3 exchange in 2018 under ticker BRBI11 — a rare move that made it one of the few Brazilian asset managers traded on the local bourse. The firm's capital is deployed across a deliberately diversified mix of Brazilian and global assets. Its core strategies include listed equities, distressed credit, special situations, private equity, real estate development, and infrastructure lending. The real estate division has been particularly active in São Paulo's commercial and logistics markets. The credit arm focuses on mid-market corporate lending in Brazil, often structuring deals that banks have retreated from. On the equity side, the firm runs both long-only and long-short funds. Co-investment vehicles alongside institutional limited partners are a standard structure rather than an exception. The firm operates primarily from its São Paulo headquarters. Since its founding, it has completed multiple acquisitions of smaller asset management teams to broaden its product shelf, with its publicly traded parent company providing a transparent vehicle for capital markets access. In early 2024, the firm continued to expand its private credit capabilities, launching new vehicles targeting higher-yielding Brazilian corporate debt as local banks tightened lending standards. The firm's unusual structure — a publicly traded holding company that owns a collection of asset management boutiques — distinguishes it from both traditional independent managers and the large Brazilian banking conglomerates that dominate the local market. That architecture gives portfolio managers operational autonomy while offering institutional clients the transparency of a listed entity. It also creates a permanent capital base that can fund acquisitions of new teams without requiring complex private fundraising rounds.