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Strategic Portfolio Advisors
Strategic Portfolio Advisors was founded in 2013 after decades of managing the Horn family portfolio tied to Cyrela Brazil Realty. Elie Horn, the Cyrela...
Strategic Portfolio Advisors
Strategic Portfolio Advisors was founded in 2013 after decades of managing the Horn family portfolio tied to Cyrela Brazil Realty. Elie Horn, the Cyrela founder and Giving Pledge signatory, anchors the wealth origin. The firm expanded from a single-family operation to serve additional clients while retaining the same investment team. The firm allocates across hedge funds, private credit and real estate. It executes through direct opportunities, offshore vehicles and public-market strategies. Confirmed holdings include positions in Cyrela Brazil Realty and SYN Prop & Tech in Brazil. SPA maintains exposure in South America and offshore markets via funds domiciled in the Bahamas. Investments are vetted with global partners to diversify risk and control execution costs. The team includes five named partners and co-founders with prior experience at Morgan Stanley, Cyrela treasury and textile operations. Additional offices are not disclosed. SPA participates in ANBIMA and GIFE and supports Instituto Cyrela and Movimento Bem Maior. No operational events from the last 24 months appear in available records. SPA operates with a client-only fee model that eliminates conflicts from commissions. This structure, combined with its origin inside one of Brazil's largest real-estate fortunes, gives the firm direct access to domestic deal flow while preserving an offshore allocation capability.
General information
Firm type
Multi Family Office
Year founded
2013
Location
Region
South America
Country
Brazil
City
Las Vegas
Corporate office
Sao Paulo, Brazil
Principals
Ariel Shammah
Co-founder and Director of Compliance
Natan Sakkal
Co-founder and Director of Investments
Ely Hakim
Co-founder
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Strategic Portfolio Advisors?
Raphael Horn serves as CEO and Partner. Natan Sakkal acts as Co-founder and Director of Investments. Ariel Shammah serves as Co-founder and Director of Compliance.
How does Strategic Portfolio Advisors source proprietary deal flow?
The firm draws on a global network built over 26 years managing the Horn family portfolio. It reviews investments with external partners and maintains relationships from prior roles at Morgan Stanley and Cyrela Brazil Realty.
Is Strategic Portfolio Advisors structured as a single family office or does it operate more like a venture firm?
It functions as a multi-family office. The firm began as the Horn family office and expanded in 2013 to serve additional clients while keeping the same allocation and risk framework.
Does Strategic Portfolio Advisors participate in fund commitments or only direct deals?
It uses both approaches. The firm commits to hedge funds and private credit vehicles and also executes direct real-estate and alternative opportunities.
Where does the underlying wealth come from?
The core capital originates from Elie Horn and the Cyrela Brazil Realty real-estate fortune. Additional families, including the Nigri family, now use the platform.
Does Strategic Portfolio Advisors maintain philanthropic structures, and how are they separated?
Elie Horn is a Giving Pledge signatory. The firm lists Instituto Cyrela and Movimento Bem Maior among supported vehicles. Investment and philanthropic activities remain separate.
What is Strategic Portfolio Advisors known posture on co-investments alongside external GPs?
The firm reviews co-investment opportunities through its global partner network. It emphasizes independent analysis and capital preservation over any single GP relationship.
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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