# Votorantim

Votorantim is a Permanent Capital Holding Company based in São Paulo, Brazil.

## Overview

- **Organization type:** Permanent Capital Holding Company
- **Headquarters:** São Paulo, Brazil
- **Region:** Latin America
- **Address:** Rua Amauri, 255 – 13th floor, São Paulo, São Paulo, Brazil
- **Founded:** 1918
- **Assets under management:** Undisclosed
- **Website:** www.votorantim.com.br
- **LinkedIn:** https://www.linkedin.com/company/votorantim

## Regulatory record

- **Reports private funds:** No

## About

Votorantim is a permanently capitalized investment holding company, with a long-term investment approach in Brazil and worldwide, that seeks to deliver superior financial returns allied with positive social and environmental impacts.

## Sectors

- Infrastructure
- Real Estate
- Energy Transition & Renewables
- Mobility & Transportation
- Healthcare Services
- Private Credit
- Industrial Tech

## Offices

- New York, New York, United States

## People

- João H. Schmidt — CEO
- Eduardo Vassimon — Chairman of Votorantim's Board of Directors
- André Ermírio de Moraes Macedo — Board Member
- Antonio Quintella — Board Member
- Cláudio Ermírio de Moraes — Board Member
- Fabio Colletti Barbosa — Board Member
- Fabio Coelho — Board Member
- José Roberto Ermírio de Moraes Filho — Board Member

## Questions

### How is Votorantim governed, and what role does the Ermírio de Moraes family play?

Governance runs through three axes: the Board of Hejoassu represents the family shareholders, the Family Board conveys the family's purpose, and Votorantim S.A.'s board of directors and management teams execute strategy. The board currently includes four Ermírio de Moraes family members — André, Cláudio, and José Roberto Filho — and three independent directors including chairman Eduardo Vassimon. The family sets long-term vision and risk appetite, while CEO João H. Schmidt and seven managing directors handle day-to-day capital allocation.

### Does Votorantim invest through closed-end funds or permanent capital?

Votorantim is a permanently capitalized holding company with no fixed fund life, meaning it buys and holds operating businesses indefinitely rather than cycling capital through limited-partner vehicles. This structure allows it to own assets like Votorantim Cimentos, Citrosuco, and CBA across decades and reinvest dividends across the portfolio without redemption pressure.

### Which are Votorantim's most significant controlled portfolio companies?

Key controlled assets include Votorantim Cimentos (one of the world's largest cement companies, operating in nine countries), Citrosuco (the world's largest orange juice producer), Banco Votorantim (Brazil's fifth-largest privately held bank), CBA (Brazil's only vertically integrated aluminum producer), Nexa Resources (a top-five global zinc miner), Auren Energia (renewable power formed with CPP Investments), and CCR (Brazil's largest infrastructure and mobility platform).

### Does Votorantim co-invest with external institutional partners?

Yes. Votorantim partnered with CPP Investments to form Auren Energia, a renewable-energy platform. Separately, it formed 23S Capital with Singapore's Temasek to invest US$700 million in Brazilian growth equity, and has collaborated with other institutional investors on specific investment cases across its portfolio.

### How is Votorantim's credit quality rated?

Votorantim is the only privately held Brazilian company to hold investment-grade ratings from Moody's (Baa3), S&P Global (BBB), and Fitch Ratings (BBB). The firm maintains this rating through a conservative capital-structure approach across its controlled companies.

### What is Votorantim's geographic footprint?

Votorantim operates in 19 countries through its portfolio companies. Its headquarters are in São Paulo, Brazil, with an additional office in New York. Major operating footprints include Brazil, Peru (zinc via Nexa), Argentina (long steel via Acindar), the United States, and broad coverage across Latin America and Europe through its cement and infrastructure platforms.

## Related profiles

- [Voltron Capital](https://altss.com/profile/voltron-capital)
- [Voulez Capital](https://altss.com/profile/voulez-capital)

---

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

Canonical page: https://altss.com/profile/votorantim-sa

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology