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We are equity investors focused on technology-enabled businesses.

ABOUT US

São Pedro Capital is a Brazilian investment management firm inspired by the belief that operational know–how and participation in the management of invested companies are levers for value creation. We are attracted by the challenge of unlocking the hidden value in companies with high growth potential. Our formula combines equity capital contributions in all the businesses in which we take part and deep involvement with executives of the companies in which we invest.

ABOUT US

We know that creating value requires hard work, no shortcuts.

We bring seniority and experience in several industries, especially in innovative technology–enabled businesses. We share with entrepreneurs and executives a strategic management vision, developed over decades in Brazil and abroad. We are very ‘hands–on”, because we know the operation and the “corner office” of the companies. Our team combines diversified and complementary expertise. Top management consulting, C–Level executive experience in multinational and local companies, domestic and foreign capital management. Deep knowledge of the value creation process in companies, from operations and backoffice to the board of directors.

We anticipate what comes after every curve, with expertise and sensitivity.

WHAT THEY SAY ABOUT US

“São Pedro is very proactive. It is not that kind of investment manager that picks a stock, buys it and waits for the outcome. They are always very involved in the management of the company. This is, without a doubt, their great differential.”

Helio Rotenberg

president of Positivo Tecnologia

Helio Rotenberg

president of Positivo Tecnologia

WHAT THEY SAY ABOUT US

“We deal with many investors, funds of all kinds and from many countries, so I can say that São Pedro Capital clearly has a peculiar characteristic: participation and collaboration with a special eye for the market, for good governance and IR practices. The way they share best practices among investees is valuable.”

Alexandre Guerrero,

CEO and partner of Eletromidia

Alexandre Guerrero,

CEO and partner of Eletromidia

WHAT THEY SAY ABOUT US

“São Pedro acts on boards of directors like a conductor. It unites an engineer’s depth and a consultant’s strategic vision with management experience. It is detailed–oriented without losing sight of the whole. And it has brilliant people on the team.”

“Many founders do not realize that investments come in two flavors: dumb money and smart money. Insights and experience to identify the best opportunities and formulate the best strategy are much more valuable and rare assets than cash when it comes to generating value. This is what São Pedro Capital offers.”

Ben Grossman and Marcelo Lacerda

founders of Magnopus

Ben Grossman and Marcelo Lacerda

founders of Magnopus

WHAT THEY SAY ABOUT US

“What São Pedro brings is human capital in relationships. They are few, that contribute a lot. What makes them different is a very personalized approach.”

“São Pedro is very detail–oriented in performance and processes. Regardless of what stage the company is at, it pushes you to the highest standard of governance.”

Ana Luiza McLaren and Tiê Lima

founders of Enjoei

Ana Luiza McLaren and Tiê Lima

founders of Enjoei

passe para o lado

“The stock market is a device to transfer money from the impatient to the patient.”

Warren Buffett

Knowing how to read where the market is going is important, but it is not enough.

INFLUENCE ON MANAGEMENT

We know how to draw scenarios, but we do not stop there. Our focus is on fully understanding the companies in which we invest: the people in leadership and the relationship between them, the strategy, the operating cycle, structural issues, and opportunities to evolve.

We think like investors and only enter into businesses with stakes that allow effective influence on the company's management.

“A pessimist sees difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”

Winston Churchill

Understanding the cycle of each business, participating in the elaboration of strategies, influencing the performance.

HANDS-ON

We do not believe in investments motivated by purely conceptual theses. And we never accept a passive position in the management of the companies in which we invest. There must always be an element of influence on management - a lever to mitigate execution risks.

We talk to entrepreneurs and executives on a regular basis, participate in the creation and development of strategies, and work to unlock value for the company.

“It almost always seems expensive to act with the long term in mind, which is why so few people do it.”

Anonymous

We only operate with equity-linked securities - we deal with value creation from a shareholder perspective.

VALUE CREATION

Our business origination process is based on a proprietary diagnostic framework that evaluates strategy, operations, capital structure, governance, and m&a opportunities.

All tied together by the company's culture, a lever for value creation, often overlooked by the market.

“If something is not going to be an obvious double in a short period of time –you know, 2 to 3 years – I have to show interest.”

Howard S. Marks

Passe para o lado

Our Team

Alexandre Dias

Founding Partner

Operates in the entire cycle of investments: origination of opportunities, structuring of investment vehicles, value creation with major entrepreneurs, and divestment of funds. Over his 30+ year career, he has served as CEO of multinational and local companies such as Google, Anhanguera, and DirecTV, after years of senior management consulting at McKinsey. He became an investor in private companies in Latin America through Victoria Capital Partners, managing foreign institutional capital for large global funds, and today he has a seat on several boards of directors in Brazil and the United States. He has a degree in Civil Engineering from the State University of Campinas (UNICAMP) and an MBA from UCLA Anderson School of Management (class of 2000).

Felipe Moreira

Analyst, Investments

Works at São Pedro Capital since 2021, focusing on monitoring and evaluating investment opportunities, as well as monitoring the process of value creation in private and listed companies and stimulating discussions with entrepreneurs and management of our invested companies. He has a degree in Business Administration from Insper since 2022 and is certified CPA-20 by ANBIMA.

Guilherme Aboud

Partner, Investments

Works at São Pedro Capital since its foundation, focusing on investment management, from origination and structuring to divestment, actively seeking opportunities to unlock value. Over a 15-year career, he has worked with financial and strategic advisory in financial services companies such as Barclays, Caixa Econômica Federal, Citibank, Mastercard Advisors, among others, assisting the Brazilian government, national and multinational companies in hundreds of fundraising and business sale and acquisition processes. He holds a BA in Business Administration from FGV-EAESP since 2010, MBA from UCLA Anderson School of Management (class of 2017) and CGA and CPA-20 certificates from ANBIMA.

Luciane Gomes

Partner, Operations

Works at São Pedro Capital since its foundation, focusing on the structuring and maintenance of itsinvestment vehicles, and on compliance. Throughout her more than 20-year career in operations and backoffice management of onshore and offshore investments, she managed the administrative, financial and operations areasat Claritas and Victoria Capital Partners. She holds a BA in Business Administration and an MBA in Finance from Fundação Getulio Vargas (FGV).

ADVISORS

Eduardo Alvarenga

Advisor

Founder of Novavista, acquired by Elemidia in 2004 and CEO of Elemidia and Eletromida between 2013 and 2022. In 2021, he led the IPO of Eletromidia and was President of ABOOH (Brazilian Association of Out of Home) between 2016 and 2018. He serves on Boards of Directors of Brazilian companies. He holds a degree in Electronic Engineering from Instituto Mauá de Tecnologia.

Helio Rotenberg

Advisor

Founder and CEO of Positivo Tecnologia since 1989. He was named Entrepreneur of the Year 2022 by EY Brasil. He holds a degree in Civil Engineering from Universidade Federal do Paraná and a master's degree in Computer Science from PUC-RJ.

Marcelo Lacerda

Advisor

Founder of Nutec Informática, acquired by Telefonica in 1999 to form Terra Networks. Founder of F. biz, acquired by WPP in 2011. Founder of Blue Interactive, acquired by Claro in 2016. Co-Founder of Magnopus. He holds degrees in Electrical Engineering and Computer Science from Universidade Federal do Rio Grande do Sul.

FUNDS

DOCUMENTS

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PIPE

DATE

SHARE
(R$)⁽¹⁾

CURRENT MONTH⁽¹⁾

PREVIOUS MONTH⁽¹⁾

YEAR

12M

SINCE INCEPTION

NAV
(R$MM)

AVERAGE NAV

INCEPTION

FIP SPCONE

28-09-23

1.473,17

(12,9%)

(2,5%)

(20,5%)

(40,6%)

47,3%

39,2

48,7

31-01-20

FIP SPCTWO

28-09-23

2,18

(7,4%)

9,9%

44,8%

41,3%

118,0%

65,8

58,3

21-09-20

FIA SPCFOUR

28-09-23

0,34

(1,5%)

(9,5%)

52,4%

19,9%

(66,3%)

11,0

9,4

29-09-21

FIA SPCFIVE

28-09-23

0,83

(5,6%)

(14,6%)

(20,5%)

(17,3%)

6,8

8,6

14-11-22

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GROWTH OFFSHORE

DATE

SHARE
(US$)

CURRENT MONTH

PREVIOUS MONTH

YEAR

12M

SINCE INCEPTION

NAV
(U$MM)

AVERAGE NAV
(U$MM)⁽²⁾

INCEPTION

SPCTHREE

30-06-23

965,81

(0,5%)

(1,1%)

(1,4%)

(3,4%)

21,7

21,8

28-05-21

Note 1: The yield disclosed is not net of taxes and fees. For SPCONE, they refer to the Master Class. Note 2: AVERAGE NAV calculated based on the arithmetic average of the fund’s Net Asset Value on the last business day of the previous 12 months. For SPCONE, it refers to the Master Class. For SPCTHREE, it refers to the quarterly average of the fund’s Net Asset Value since the quarter ended June 30, 2021. Disclaimer: The information contained herein is for informational purposes only. The information contained on this site is in accordance with the regulations and the prospects of the funds, but does not replace them. To evaluate the performance of any investment fund, it is recommended that a period of at least 12 (twelve) months be analyzed. Investment funds are not guaranteed by the Manager, by any insurance mechanism, or by the Credit Guarantor Fund (FGC). Read the rules and prospect of the fund in which you wish to invest. Investments imply exposure to risks, including the possibility of total loss of the investment. Past yield does not represent a guarantee of future yield.

Formulário de Referência

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Código de Ética

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Política de Metodologia de Gestão de Risco

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Política de Controles Internos

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Política de Investimentos Pessoais

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Política de Rateio e Divisão de Ordens

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Política de Voto

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São Pedro Capital is a signatory of the UN Principles of Responsible Investment. UN PRI is an independent world leading advocate for responsible investment with over 3,800 signatories managing over $120 trillion globally. The PRI’s mission is to promote a sustainable global financial system for long-term value creation which will reward responsible investment and benefit the environment and society. As a signatory, São Pedro Capital supports this mission and in doing so has committed to upholding the associated principles.