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Provence Partners
Provence Partners began in 2015 as the Figueiredo family's proprietary investment arm. Capital traces to the family's financial-services activities prior to...
Provence Partners
Provence Partners began in 2015 as the Figueiredo family's proprietary investment arm. Capital traces to the family's financial-services activities prior to the Hedging-Griffo exit. The vehicle later opened to additional Brazilian families and business owners while retaining single-family-office governance. The firm commits to venture capital, hedge-fund secondaries, and philanthropic vehicles. It targets early-stage technology companies with capital-efficient models and sustainable unit economics. Investments occur through direct positions and club-style co-investments. Confirmed holdings include Wellhub, Cloudwalk, Nomad, Agrolend, and Neomed. Activity centers on Brazil with limited exposure elsewhere in South America. The team comprises five named professionals. No additional offices appear in public records. The structure maintains separate managed portfolios for each of the 55 families. No operational events from the last 24 months are recorded in available sources. The decisive structural feature is the absence of a fixed fund lifecycle. Families retain permanent capital and direct access to founders, allowing governance and network contributions without time-bound return pressure. This setup distinguishes the vehicle from both traditional single-family offices and closed-end venture funds.
General information
Firm type
Single Family Office
Year founded
2015
Location
Region
South America
Country
Brazil
City
Sao Paulo
Corporate office
Sao Paulo, Brazil
Principals
Leo Figueiredo
Founder & Mentor
Marcelo Mitre
Managing Partner
Igor Brito
Managing Partner
Thomaz Figueiredo
Director of Risk and Compliance
Bruno Garcia
Vice President
Sector focus
Frequently asked questions
Who runs investment decisions at Provence Partners?
Leo Figueiredo serves as Founder & Mentor. Marcelo Mitre and Igor Brito act as Managing Partners. Investment selection follows a narrow annual pace of roughly two new commitments.
How does Provence Partners source proprietary deal flow?
The 55 investor families provide direct introductions across healthcare, retail, finance, industry, and agriculture. The firm also receives inbound opportunities through its long-standing presence in the Brazilian technology ecosystem since 2015.
Is Provence Partners structured as a single family office or does it operate more like a venture firm?
It began as the Figueiredo single-family office in 2015 and retains that governance. It now aggregates capital from additional families while maintaining managed portfolios without a pooled fund vehicle.
Does Provence Partners participate in fund commitments or only direct deals?
The firm focuses on direct investments and club-style co-investments. It does not disclose allocations to external venture funds.
What investment stages does Provence Partners typically target?
The firm targets Seed, Series A, and Series B rounds. Average check size ranges from $4M to $7M.
Where does the underlying wealth come from?
The original capital base stems from the Figueiredo family's financial-services entrepreneurship and their exit from Hedging-Griffo.
What is Provence Partners' known posture on co-investments alongside external GPs?
The firm executes club deals with its network of families. It does not disclose participation in external GP-led syndicates.
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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