# Strategic Portfolio Advisors

Strategic Portfolio Advisors is a Multi Family Office based in Las Vegas, Brazil.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Las Vegas, Brazil
- **Region:** South America
- **Address:** Sao Paulo, Brazil
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** spainvest.com.br
- **LinkedIn:** https://www.linkedin.com/company/strategic-portfolio-advisors

## Regulatory record

- **CRD number:** 132825
- **SEC file number:** 801-80703
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/132825

## About

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.

## Sectors

- Hedge Funds
- Private Credit
- Real Estate

## People

- Ariel Shammah — Co-founder and Director of Compliance
- Natan Sakkal — Co-founder and Director of Investments
- Ely Hakim — Co-founder

## 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.

### 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.

### 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.

## Related profiles

- [Strategic Group NW](https://altss.com/profile/strategic-group-nw)
- [StreetEdge Capital](https://altss.com/profile/streetedge-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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