FRAM Capital

The named executive team — which includes Daniel Gonzalez, Nelson Torres, Mario Westphalen, Fabio Mazzeo, Pedro Jourdan and Ariana Pavan — runs the firm. Specific titles, investment committee composition, and decision-making hierarchy are not publicly disclosed.

The firm describes itself as a unique originator of exclusive investments. Its sourcing model leans heavily on its executives' networks within the Brazilian corporate landscape and its parallel business of administering and restructuring distressed companies, which surfaces opportunities that are not broadly marketed.

FRAM Capital is structured as an asset manager, not a family office. It raises capital from external investors to pursue direct investments in private companies, although the exact nature of its investor base and fund vehicles is not publicly detailed.

The firm is stage-agnostic, operating across seed, start-up, growth, buyout and pre-IPO rounds. This full life-cycle approach means it can back a company from its earliest funding needs through to just before a public listing.

All publicly available information describes a direct-investment model where FRAM Capital originates and executes its own deals. There is no indication of fund-of-funds activity or commitments to third-party GPs.

The firm explicitly lists corporate administration and recovery as a core activity alongside asset management. This suggests the principals may embed themselves in certain portfolio companies, but no specific operating backgrounds or linked parent companies have been publicly disclosed.