# FRAM Capital

FRAM Capital is an Asset Manager based in São Paulo, Brazil.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** São Paulo, Brazil
- **Region:** Latin America
- **Address:** São Paulo, Brazil
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** framcapital.com
- **LinkedIn:** https://br.linkedin.com/company/fram-capital

## Regulatory record

- **Reports private funds:** No

## About

FRAM Capital is a house of investments, financial services and businesses. It originates exclusive and differentiated investments for investors, offers qualified services to the financial market, and handles administration and recovery of companies. It offers applications in real assets, with a focus on origination, structuring and monitoring of operations. Its asset management activity continues under the FRAM Capital Gestão de Ativos brand.

## People

- Daniel Gonzalez — Executive
- Nelson Torres — Executive
- Mario Westphalen — Executive
- Fabio Mazzeo — Executive
- Pedro Jourdan — Executive
- Ariana Pavan — Executive

## Questions

### Who runs investment decisions at 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.

### How does FRAM Capital source proprietary deal flow?

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.

### What investment stages does FRAM Capital typically target?

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.

### Does FRAM Capital participate in fund commitments or only direct deals?

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.

## Related profiles

- [Fractal Growth Partners](https://altss.com/profile/fractal-growth-partners)
- [Frame VC](https://altss.com/profile/framevc)

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Last updated: 2026-08-11T15:06:49.768Z

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