LTS Investments

LTS Investments

LTS Investments was established in 2011 by Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira. Their wealth originated from the 1999 AmBev merger and the later combination with Anheuser-Busch that formed AB InBev. The office functions as both holding company and investment vehicle for the three families and selected long-term partners. The firm commits capital through direct co-investments, SPVs, fund-of-funds vehicles and hedge-fund allocations. Confirmed positions include board representation at AB InBev since at least 2021 and at Energisa Group. It also held a reference stake and chairmanship at Americanas. Geographic reach covers Europe, North America and Oceania in addition to its Brazilian base. Asset classes span private equity, real estate, infrastructure, private credit and hedge funds. Deployment totals an estimated 3.86 billion USD. The team maintains relationships with Munib Islam through the LTS One partnership and with Berkshire Hathaway on co-investments such as Kraft Heinz. Luiz Eduardo Osorio serves as CEO and sits on the Energisa board; Roberto Thompson Motta is a partner and serves on the Wharton Graduate Executive Board. In 2021 and 2022 AB InBev annual reports recorded an LTS partner as director. LTS operates with a hybrid mandate that combines permanent capital for the founding families with selective external partnerships. This structure allows it to hold concentrated positions across operating companies while participating in third-party vehicles without external LP pressure. Succession and governance remain internal to the three families.