# LTS Investments

LTS Investments is a Multi Family Office based in Sao Paulo, Brazil.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Sao Paulo, Brazil
- **Region:** South America
- **Address:** Sao Paulo, São Paulo, Brazil
- **Founded:** 2011
- **Assets under management:** 3.86B (Altss estimate)
- **Website:** lts-investments.com
- **LinkedIn:** https://www.linkedin.com/company/ltsinvestments

## Regulatory record

- **Reports private funds:** No

## About

LTS Investments was established in 2011 by Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira. 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.

## Sectors

- Healthcare Services
- ClimateTech
- Energy Transition & Renewables
- Private Equity
- Real Estate

## People

- Jorge Paulo Lemann — Founder and Investment Committee member
- Luiz Eduardo Osorio — Former CEO
- Roberto Thompson Motta — Partner

## Questions

### Who runs investment decisions at LTS Investments?

Jorge Paulo Lemann sits on the Investment Committee. Luiz Eduardo Osorio serves as CEO and oversees day-to-day deployment. Roberto Thompson Motta participates as a partner.

### How does LTS Investments source proprietary deal flow?

The firm draws on long-standing relationships from the AB InBev and 3G Capital ecosystem. Board seats at operating companies provide additional access to opportunities.

### Does LTS Investments participate in fund commitments or only direct deals?

It uses both approaches. Allocations include fund-of-funds vehicles and hedge funds alongside direct co-investments and SPVs.

### What investment stages does LTS Investments typically target?

The office pursues venture, growth and mature-stage opportunities. It also holds infrastructure and real-estate assets with multi-year horizons.

### Does LTS Investments maintain philanthropic structures?

Yes. The Lemann Foundation operates separately from the investment office.

### What is LTS Investments posture on co-investments alongside external GPs?

The firm has co-invested with Berkshire Hathaway on Kraft Heinz and maintains a partnership with Munib Islam through LTS One.

## Related profiles

- [Sand Hill Global Advisors](https://altss.com/profile/sand-hill-global-advisors-llc)
- [PG3](https://altss.com/profile/pg3)

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Last updated: 2026-08-10T15:58:45.833Z

Canonical page: https://altss.com/profile/lts-investments

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