We are an independent partnership, focused on a single strategy
EQUITIES LONG-ONLY
FUNDAMENTAL ANALYSIS
LONG-TERM ORIENTED
STRATEGY
WHAT WE SEEK
- To invest in asymmetric risk x return opportunities, identifying companies that should experience a strong cycle of operational value generation over the next few years
- Businesses with clear sustainable competitive advantages. They provide high returns with lower risks
WHAT WE VALUE
- Managers who are among the best businessmen in Brazil and in the world
- Well managed leading companies with dominant position in their market segment
- Exceptional people with the potential of generating real transformation and significant returns to the long-term shareholder
OUR TEAM
Francisco Utsch, CFA
Chief Investment OfficerFrom 2004 to 2006, he was partner at Tarpon Investmentos. Following 2007, he was a founding-partner at Cox Capital, responsible for covering companies in several segments of the Brazilian market. In 2009, he joined M Square Brasil, as one of the main partners and member of the investment team until 2017.
Luiz Liuzzi, CFA
Chief Strategy OfficerFrom 2002 to 2010, he was the portfolio manager at GAS Investimentos, with assets under management around R$2 Bn. Following the acquisition of GAS Investimentos by Vinci Partners, he was named partner from 2011 to 2016 and portfolio manager of the Vinci GAS Small Cap Value fund, which exceeded the benchmark by 40% during that period.
Bruno Maragliano
Fabio Uechi
Marcelo Cerchi
Mateus Campos
Worked in Investment Banking at Bank of America Merrill Lynch from 2016 to 2017, carrying out activities related to M&A, ECM and DCM projects in the Consumer Goods and Retail, Infrastructure and Mining & Metals sectors.
He graduated in Business Administration at FGV-SP, in 2017, with a Graduate Specialization in Corporate Finance.
Mateus Lincoln
In 2022, he graduated in Civil Engineering at the Federal University of Minas Gerais (UFMG), and is currently enrolled at the MBA in Financial Management at Fundação Getúlio Vargas (FGV). He was an intern at Suno Research and, among 2021 and 2023, he worked as an equity analyst at Inter Asset. He is CNPI certified and joined Kiron Capital’s investment team in 2023, covering the Banking and Construction sectors.
Pablo Canezin
He worked at Citibank’s Corporate Credit Analysis team in 2006 and, after that, from 2007 to 2013, he covered several emerging companies at DGF Investimentos’ Private Equity funds. He founded Skye Investimentos in 2013 and managed the fund’s listed stocks portfolio, which performed 140% above its benchmark (Ibovespa).
He holds a bachelor’s degree in Business Administration from FGV-SP and an MBA from Oxford University’s Saïd Business School.