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FHMV Participações
FHMV Participações was founded in 2010 in São Paulo to manage the proceeds of the Hospital São Luiz network, a healthcare enterprise built by patriarch...
FHMV Participações
FHMV Participações was founded in 2010 in São Paulo to manage the proceeds of the Hospital São Luiz network, a healthcare enterprise built by patriarch Hélio Vasone (who died in 2021). Under the leadership of founder Alceu Vasone and partner Fernando Leibel—co-founder of the Veros Hospital Veterinário chain—the firm formalized a multi-family structure to serve the broader Vasone family and aligned partners. Wealth management and long-term capital preservation sit alongside direct ownership of operating businesses, including real-estate arm FHV Urbanismo. Strategy spans direct co-investments and special-purpose vehicles targeting four sectors: Healthcare Services, PropTech, Supply Chain & Logistics, and AgriTech & FoodTech. On the real-asset side, FHMV holds controlling stakes in mixed-use urban projects through FHV Urbanismo and in the veterinary hospital platform Veros, demonstrating a preference for building and operating rather than passive fund commitments. The firm deploys capital across South America, with confirmed concentration in Brazil's largest metro region. Investment structures mix real estate, infrastructure, and natural resources. Team depth remains privately held; disclosed leadership includes Juliana Mello, Director at FHV Urbanismo, and Flávia Bassi, who oversees legal, compliance, and corporate governance—a signal that institutional-grade controls matter to the office. Philanthropic relationships include Fundação Abrinq and the St. Paul's Foundation, indicating an organized approach to legacy. In September 2023, the executive bench was in place with Bassi's governance role and Mello's urban-development oversight reflecting the dual mandate of investing and operating. The structural difference is a hybrid multi-family office that acts less like an allocator and more like a holding company. Rather than primarily farming out capital to third-party managers, FHMV originates and operates its own assets—Veros Hospital Veterinário and FHV Urbanismo are portfolio companies, not fund investments. That operating-company architecture, paired with a multi-generation governance framework, creates an investment posture distinct from most Brazilian multi-family offices that favor liquid markets or pure fund-of-funds exposure.
General information
Firm type
Multi Family Office
Year founded
2010
AUM
Undisclosed
Location
Region
South America
Country
Brazil
City
São Paulo
Corporate office
São Paulo, Brazil
Principals
Alceu Vasone
Founder, Leader of the Administrative Council
Hélio Vasone
Patriarch, Founder of Hospital São Luiz (deceased 2021)
Fernando Leibel
Partner, Co-founder of Veros Hospital Veterinário
Flávia Bassi
Head of Legal, Compliance, and Corporate Governance
Juliana Mello
Director at FHV Urbanismo
Sector focus
Frequently asked questions
Who runs investment decisions at FHMV Participações?
Founder Alceu Vasone leads the Administrative Council and is the key principal driving investment decisions. His partner Fernando Leibel—co-founder of the Veros Hospital Veterinário platform—also holds a significant role. Operational leadership includes Flávia Bassi on legal and compliance, and Juliana Mello directing the FHV Urbanismo real-estate subsidiary, per Altss research.
How is FHMV Participações structured—family office or operating company?
FHMV operates as a hybrid: a multi-family office that directly owns and manages operating businesses. Its two major subsidiaries are FHV Urbanismo (mixed-use real estate) and the Veros Hospital Veterinário chain. This structure gives it direct operational control over substantial assets rather than solely allocating to external fund managers.
Where does the underlying wealth come from?
The wealth originates from the Hospital São Luiz network, founded by patriarch Hélio Vasone. The healthcare enterprise generated the core family capital that FHMV now manages for multi-generational preservation and deployment across asset classes including real estate, infrastructure, and venture-stage operating businesses.
What investment stages and asset classes does FHMV target?
FHMV participates in direct co-investments, special-purpose vehicles, real estate, infrastructure, and natural resources. Identified sector focuses are Healthcare Services, PropTech, Supply Chain & Logistics, and AgriTech & FoodTech. The firm does not publicly market a fund-commitment program, favoring direct sponsorship and operating control in Brazil and broader South America.
Does FHMV maintain philanthropic structures, and how are they separated?
Yes, FHMV has disclosed relationships with Fundação Abrinq and the St. Paul's Foundation. While the offices appear to maintain organized philanthropic commitments, the operational and governance separation between the for-profit operating companies and charitable giving has not been publicly detailed.
What is FHMV's known posture on co-investments alongside external GPs?
FHMV does not publicly market a formal co-investment program for outside parties. Its disclosed investment model leans toward direct control through subsidiaries and SPVs rather than syndicating risk alongside external general partners. The Veros Hospital Veterinário platform, for example, appears to be wholly proprietary.
Who handles legal and regulatory compliance at the firm?
Flávia Bassi serves as Head of Legal, Compliance, and Corporate Governance. Her designated role signals an institutional approach to regulatory adherence and internal controls, which aligns with a multi-family office managing healthcare-derived wealth and direct operating subsidiaries in Brazil.
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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