Setta Gestao & Governanca Patrimonial

Setta Gestao & Governanca Patrimonial

Setta Gestao & Governanca Patrimonial was launched by four partners — Patricia Vianna, Miguel Pires Gonçalves, Roque Sut, and Luiz Felipe Coelho da Rocha Lima — each bringing distinct institutional lineage. Vianna spent decades in private banking at BTG Pactual, BBA, and Consenso. Gonçalves served as executive superintendent at TV Globo and its investment arm Globopar, sitting on multiple Globo boards. The firm was carved out of the Mandatto family office, signaling a deliberate pivot from serving a single patriarch to operating an open-architecture platform for multiple Brazilian families. The firm constructs portfolios through a combination of proprietary manager selection and direct allocations, with confirmed activity in private credit and fund-of-funds structures spanning South America and Asia. Setta’s investment team operates with no commercial ties to any financial institution, disclaiming all third-party remuneration. This independence is reinforced by an in-house legal team that provides estate planning, offshore structuring, and tax governance without additional fees — a model that integrates investment management with legal architecture typically outsourced to separate law firms. Altss estimates the firm’s assets under management at roughly US$216 million, reflecting its position as a compact but credentialed multi-family office. Setta is a member of ANBIMA, the Brazilian Financial and Capital Markets Association, which carries a binding code of conduct for market participants. The firm’s partnership base has expanded to include additional partners such as Thiago Matos, Cristine Resende, and Pedro Duque, broadening coverage across commercial and advisory functions. Setta’s structural distinction lies in its origin not as a breakaway of financial advisors from a private bank, but as a spin-out from an existing family office — a transition that bequeathed it an embedded governance ethos. By keeping legal, tax, and investment capabilities in a single partnership, the firm eliminates the coordination gaps that arise when wealthy families must synchronize separate advisory relationships across law firms, accountants, and asset managers.