Data sourced from Dakota Marketplace, the global LP and GP intelligence platform trusted by thousands of investment professionals. Learn More | Book a Demo
Brazil’s family office market concentrates heavily around São Paulo, where multi-generational banking, industrial, and retail fortunes have transitioned into structured investment vehicles.
The 10 family offices below collectively manage more than $229.1B in disclosed assets, spanning private equity, real estate, venture capital, and direct co-investment strategies.
Dakota Marketplace covers the full landscape beyond this list, including smaller and emerging family offices across the region.
Top 10 Family Offices in Brazil
$200B | Rio de Janeiro
Gerval Investimentos Ltda., incorporated on May 7, 1973, manages third-party resources through investment funds and managed portfolios. It is CVM-accredited and ANBIMA-affiliated, with a team entirely dedicated to analyzing and managing resources, aimed at preserving and growing its clients’ wealth. Marketplace identifies it as the family office of the Gerdau group.
Investment Focus: Investment funds and managed portfolios, with the firm’s stated goal being the preservation and profitable growth of client assets.
What They Look For: Not publicly detailed, though its approach is client-centric and centered on the security and profitability of clients’ investments.
$11B | São Paulo
BWGI is the São Paulo-based family office owned by the Moreira Salles family, established in 2008 with a disciplined governance framework and a focus on long-term value creation. It operates exclusive investment vehicles for a restricted group of qualified investors and has no external clients.
Investment Focus: A globally diversified portfolio spanning asset allocation, alternative investments, and illiquid investments, including a multi-strategy hedge fund, with outside fund managers brought in when specialized expertise is required.
What They Look For: Outside and emerging managers with strong processes or differentiated strategies, and the firm plans to evaluate and potentially invest in new funds over the next 12 months.
$4.0B | São Paulo
HCI Advisors is a multi-model family office with no proprietary products, built for clients who want “freedom of choice and real independence.” It has 40+ advisors, 1,500+ clients, and more than five years of operation, and was named the fourth-best private office in the XP network at the 2026 XP Brazil Advisor Awards.
Investment Focus: Three service models: investment advisory on the XP platform (commission or fee-based), multi-institution consulting with consolidated reporting across Brazilian and offshore accounts, and wealth management through exclusive funds and managed portfolios, alongside wealth and succession planning, onshore and offshore investing, insurance, credit, and investment banking.
What They Look For: Clients who want independent, tailored guidance on how to manage each part of their wealth, from fully delegated management to approving every order.
$3.88B | São Paulo
Pragma Patrimônio advises a select group of families and foundations in managing their financial portfolios, aiming to preserve and grow equity in line with clients’ beliefs and values. The firm takes a diversified approach across local and Latin American markets, committing capital to external fund managers.
Investment Focus: A broad alternatives portfolio spanning private equity, venture capital, private debt, real estate, infrastructure, natural resources, and hedge funds, deployed through external fund vehicles.
What They Look For: External fund managers across alternative strategies with local and Latin American exposure, and the firm plans to keep committing capital to outside vehicles over the next 12 months.
$3.5B | São Paulo
Vita is Brazil’s pioneering accelerator for multi-family offices and independent advisories, part of Grupo Turim alongside Turim (a multi-family office for UHNW families) and Tori (contemporary wealth management). Since 2022 it has built a network of independent advisories, reporting 22+ advisories accelerated, 100+ advisors, and 2,500 families served, with a commission-free model that lets clients keep the bank or broker of their choice and see everything in one place.
Investment Focus: Proprietary technology for onshore and offshore consolidation and custom reporting, plus market research and allocation, wealth planning, governance and risk management, and business strategy support for partner advisories.
What They Look For: Independent advisories and consultants who want to grow while keeping their autonomy, aligned through equity participation and shared revenues and costs.
Filter Dakota Marketplace by AUM, investment focus, and direct contact access to find the Brazil family offices most aligned with your strategy. Book a demo to see full Brazil and Latin America family office coverage.
6. Almar Capital LTDA
$2.0B | Rio de Janeiro
Almar Capital is a multi-family office established in late 2023 through the consolidation of three independent Brazilian wealth-management groups: Sagitta, Argus, and a team formerly associated with Banco Itaú’s private wealth business. Its principals bring experience from firms including BTG Pactual, UBS, and Argumento, and the platform integrates the client relationships, capital, and investment teams of the three legacy groups.
Investment Focus: Discretionary portfolio management, manager due diligence, and cross-institutional allocation for family and institutional capital.
What They Look For: External managers that pass rigorous due diligence and fit family and institutional allocations across institutions.
$1.5B | São Paulo
Raiz Investimentos is a family office transitioning from outsourced to in-house investment management under CIO Lee Herzog, who is establishing a physical office in New York City. The firm is streamlining its public equity manager lineup in favor of offshore offerings and uncorrelated alternatives, seeking diversification and favorable risk-adjusted returns.
Investment Focus: Public equity (a reduced manager lineup, with an offshore tilt), uncorrelated alternatives, and private markets, where the firm is overweight venture capital and growth equity.
What They Look For: Buyout opportunities with stronger multiples, private market strategies with faster deployment, and uncorrelated alternatives not readily available in public markets.
$1.5B | São Paulo
Galaticos Capital describes itself as the first multi-family office focused on the wealth management of sports and entertainment stars. It was born from the union of R9 Investimentos and Galapagos Capital, combining more than 30 years of its partners’ experience in capital markets and in managing athletes’ and artists’ money. Its principles are personalized service, independence in building solutions, and networking, built around the pitch “so you can focus on what really matters: being a Galático.”
Investment Focus: Wealth management (independent, transparent, long-term relationships), tax and fiscal wealth planning, financial planning, and a concierge service covering family management and everyday tasks that save time and prevent financial and reputational harm.
What They Look For: Professional athletes, artists, and entertainment personalities with non-traditional income patterns and early peak earnings, plus partnership and acquisition opportunities identified through the Galapagos platform.
$1.2B | São Paulo
Eleva Invest is an independent, multi-platform, global investment consultancy that functions as a hub for investment consultants, giving them autonomy, client alignment, and high-level infrastructure. Operating on a fee-based model that avoids product-commission conflicts, it was ranked among Brazil’s ten best consultancies for the third year in a row, and works across partners including XP, BTG Pactual, EFG, Avenue, and Julius Bär.
Investment Focus: An open product shelf with diversified portfolios, offshore investing, exclusive funds and tailored solutions, and insurance and succession protection, alongside a multi-family office offering for HNW and UHNW clients.
What They Look For: Independent consultants and advisories to join its network, with specialists handling client recommendations and the Money Manager model letting Eleva run investment recommendations and operations.
$500M | Porto Alegre
WAdvisors is a multi-family office whose purpose is to help families build a future of security and freedom through conscious, professional management of their wealth, integrating the financial, intellectual, and social dimensions. It acts as the “family CFO,” developing, implementing, and monitoring a strategic wealth plan in “partnership” with each family and mobilizing a multidisciplinary team, with solutions so customized that it functions as a single family office for each family.
Investment Focus: Strategic wealth planning, custom investment portfolios, risk management, family business advisory, corporate governance, and succession planning, delivered with full independence and impartiality.
What They Look For: Families and family businesses seeking a “family CFO,” combining technical rigor with empathy, and an authorized correspondent of Banco Rendimento supporting implementation.
Family Offices in Dakota Marketplace
Dakota Marketplace lets you filter by:
- Geography (São Paulo metro and broader Latin America)
- AUM and typical ticket size
- Asset class preferences (private equity, real estate, venture capital)
- Investment team contacts with direct emails
If you’re raising capital in Latin America, these are the family offices worth knowing before your next trip to São Paulo.
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