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Patagonia Capital
Patagonia Capital was established by Tiago Luis Baggio and Gustavo Milan Pupin. The founders built the firm to serve multiple families with customized...
Patagonia Capital
Patagonia Capital was established by Tiago Luis Baggio and Gustavo Milan Pupin. The founders built the firm to serve multiple families with customized investment programs. No public record discloses the original source of the client wealth. The firm runs four fund types: FII real estate vehicles, FIM multimercado strategies, FIP private equity holdings, and FIDC credit rights portfolios. It also executes DCM and ECM mandates through its brokerage arm. All activity stays within South America, primarily Brazil. Confirmed holdings include the Outlet Santa Maria commercial asset and three FII portfolios labeled Harmonia, Barra, and Wave. Altss research places assets under management at 538 million USD. The team includes four named partners. No additional offices appear in public materials. The firm holds ANBIMA certification for asset management. Patagonia Capital integrates multi-family office services with an in-house asset manager and broker-dealer. This structure allows direct execution of debt and equity capital markets transactions alongside fund management without reliance on third-party platforms.
General information
Firm type
Multi Family Office
Year founded
2020
Location
Region
South America
Country
Brazil
City
Ribeirao Preto
Corporate office
Ribeirao Preto, Brazil
Principals
Tiago Luis Baggio
Sócio Fundador and Director of Management and Distribution
Gustavo Milan Pupin
Sócio Fundador and Director of Compliance and Risk
Pedro Nogueira
Managing Partner
João Pedro de Oliveira
Partner and Head of Distribution and Operations for DCM & ECM
Sector focus
Frequently asked questions
Who runs investment decisions at Patagonia Capital?
Tiago Luis Baggio directs management and distribution. Gustavo Milan Pupin oversees compliance and risk. Pedro Nogueira serves as managing partner.
Does Patagonia Capital participate in fund commitments or only direct deals?
The firm manages its own FII, FIM, FIP, and FIDC vehicles. It also executes direct DCM and ECM transactions.
What investment stages does Patagonia Capital typically target?
The firm focuses on real estate, private credit, and private equity within Brazil. No stage restrictions are stated publicly.
Where does the underlying wealth come from?
No public disclosure identifies the origin of client wealth served by the firm.
How is Patagonia Capital related to its real estate holdings?
The firm directly owns or manages Outlet Santa Maria and the Harmonia, Barra, and Wave FII portfolios.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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