FORS Capital Partners

All investment decisions flow through the three named partners: Guillaume Sagez, Patrick Cannell, and Caio Costa. The firm's website does not identify an investment committee or any investment professionals beyond the partners, suggesting a flat, tightly held decision-making structure.

FORS describes the Brazilian Sustainable Fund as the first of its kind in Brazil — a dedicated vehicle that combines growth-equity investing with environmental and social impact criteria. The fund's existence as a distinct pool, rather than an ESG overlay on a generalist fund, is the structural foundation the firm uses to differentiate itself from other Brazilian private-capital managers.

FORS does not publicly disclose its sourcing model, but portfolio-founder testimonials on the firm's site indicate the partners engage at the board level, structure debt financing rounds, and work directly on management-team composition. This hands-on, relationship-driven posture implies a network-based sourcing approach typical of lean growth-equity firms in concentrated markets.

FORS operates as an independent asset manager, not a family office. It is not publicly tied to a single wealth origin or family balance sheet. The firm manages third-party capital through the Brazilian Sustainable Fund and invests growth equity into mid-stage Brazilian companies.

FORS describes its activity as growth equity — not early-stage venture capital. Portfolio companies like Unicoba, Contech, and GlobalYeast had existing revenue and market positions before FORS invested, and the firm's involvement often includes helping construct follow-on debt financings, which is characteristic of growth-stage, not seed-stage, investing.