# Itau Asset Management

Itau Asset Management is an Asset Manager based in São Paulo, Brazil.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** São Paulo, Brazil
- **Region:** Latin America
- **Address:** São Paulo, SP, Brazil
- **Founded:** 1957
- **Assets under management:** Undisclosed
- **Website:** www.itauassetmanagement.com.br
- **LinkedIn:** https://www.linkedin.com/company/itauassetmanagement

## Regulatory record

- **CRD number:** 156313
- **SEC file number:** 801-72400
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-30T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/156313

## About

Itau Asset Management is an SEC-registered investment adviser in New York, NY, registered since 2011. The firm manages approximately $9.3 billion in assets. Itau Asset Management employs 26 staff and 14 investment advisers.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Hedge Funds
- Energy Transition & Renewables

## Offices

- New York, NY, United States
- London, United Kingdom
- Santiago, Chile
- Mexico City, Mexico

## People

- Carlos Augusto Salamonde — Head of Asset Management
- Fernando Beyruti — Global Head of Distribution

## Questions

### Who runs investment decisions at Itaú Asset Management?

Carlos Augusto Salamonde serves as Head of Asset Management, overseeing the firm's full investment platform. He is supported by dedicated portfolio-management teams across equities, fixed income, private credit, and real assets. Fernando Beyruti leads global distribution. The unit operates within Itaú Unibanco, Brazil's largest private-sector bank.

### How does Itaú Asset Management source proprietary deal flow?

The firm derives a significant origination advantage from its affiliation with Itaú Unibanco, which maintains extensive corporate-lending relationships across Brazil, Chile, Mexico, and Colombia. Private-credit and infrastructure deals often emerge through the bank's balance-sheet activities, while public-markets teams benefit from research, trading-desk flow, and primary-debt issuance access that independent managers cannot match.

### Does Itaú Asset Management participate in fund commitments or only direct deals?

The firm executes both. Liquid strategies are mostly direct, while private-markets activity includes direct equity and credit investments alongside the bank's balance sheet, as well as fund-of-funds allocations for institutional clients seeking diversified private-market exposure in Latin America. The 2023 infrastructure equity vehicle is a direct-investment fund.

### What investment stages does Itaú Asset Management typically target?

In private markets, the firm focuses on growth-stage and mature assets rather than early-stage venture. Infrastructure strategies target operational brownfield assets and late-stage greenfield projects with visible cash-flow profiles. Private credit concentrates on mid-market corporate lending in Brazil and select cross-border situations.

### Which sectors does Itaú Asset Management explicitly avoid?

The firm does not publish explicit exclusion lists, but its infrastructure and private-credit focus leans toward regulated utilities, transportation, energy transition, and healthcare services in Latin America. It is not known to actively pursue early-stage technology, biotech, or speculative real-estate development strategies that sit outside the bank's core corporate-banking competencies.

## Related profiles

- [Itanna](https://altss.com/profile/itanna)
- [iTech Capital](https://altss.com/profile/itech-capital)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/itau-asset-management

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology