EXCELLENCE AND SIMPLICITY
Independent thinking and open mindedness
in the steadfast search for capital
appreciation opportunities

WHO WE ARE

Founded in 2011, Indie Capital is an asset management firm that specializes in investing in Brazilian publicly traded companies. Our philosophy is to seek for and invest in outstanding companies, led by excellent managers, during their highest value-creation periods.

Our partnership is based on idea meritocracy, independent thinking, open-mindedness, and a steadfast search for capital appreciation opportunities. We bring simplicity and excellence to what we do. In search of constant improvement, we cultivate ownership and a spirit of non-conformity.

Our team is made up of people with diverse business experience analyzing and investing in private equity and publicly traded companies, managing companies, and performing macro-economic analyses. We value those we train in-house who can go on to strengthen our company culture.

On the investor side, we seek companies that share our philosophy and investment horizon. We serve a broad range of investors, including institutional investors, wealth managers, investment advisors, private and retail clients.

TEAM

Daniel Reichstul Portfolio Manager

Daniel was director of private equity at Pátria Investimentos, where he led the acquisition of Anhanguera Educacional SA, was CFO of LFG Business e Participações Ltda., and generated new investments for the private equity fund. Prior to Pátria, Daniel worked in the investment banking area of ABN AMRO bank and in the economics department of the Central Bank of Brazil. Daniel holds a bachelor’s degree and a master’s degree in Economics from USP.

How long on the market? 18 YEARS
How long at Indie? 9 YEARS
Felipe Montagna Portfolio Manager

Felipe served as director of private equity at Pátria Investimentos, where he worked for more than 8 years investing for the fund and managing the portfolio companies Supplier, Anhanguera Educacional, and Casa do Pão de Queijo. Prior to Pátria, Felipe was an analyst in the IB area at Banco Pactual, performed equity research at Credit Lyonnais Securities Asia, and worked in risk management at ING Bank. Felipe holds a degree in Business Administration from FGV.

How long on the market? 23 YEARS
How long at Indie? 8 YEARS
Henrique Jacob Portfolio Manager

Henrique is a partner and equity analyst at Indie Capital. He worked as a sell-side equity analyst at Credit Suisse between 2013 and 2014 covering the health care, education, and financial sectors. Henrique holds a degree in Business Administration from Fundação Getulio Vargas (FGV).

How long on the market? 8 YEARS
How long at Indie? 6 YEARS
João Nerasti Portfolio Manager

João is a partner and equity analyst at Indie Capital. He worked as an equity research buy-side analyst at M Square Brasil between 2015 and 2017 covering the financial and insurance sectors. Prior to this, he worked as a macroeconomic and equity analyst at the CSHG Gauss fund. João holds a degree in Economics from USP.

How long on the market? 8 YEARS
How long at Indie? 3 YEARS
Sophia Pawlaski Investment Analyst

After a 6-month internship, Sophia joined the analysis team full-time. Before Indie, she worked in private equity at Softbank and at Pátria Investimentos, and held summer jobs at BTG Pactual and Itaú BBA. Sophia holds a degree in Production Engineering from POLI-USP.

How long on the market? 2 YEARS
How long at Indie? 1 YEAR
Cleto Salha Investment Analyst

Cleto is an equity analyst at Indie Capital. Before joining the Indie team, he worked at an asset management firm and in real estate development and civil construction. Cleto holds a degree in Civil Engineering from UFPI and a postgraduate certificate in Finance from INSPER.

How long on the market? 2 YEARS
How long at Indie? 1 YEAR
Laura Vehanen ESG Analyst

Laura is a recent addition to the investment team at Indie Capital, working as an Environmental, Sustainability, and Governance (ESG) analyst. Her role is to aggregate ESG aspects into Indie’s investment process, a process initiated at the end of 2018. Laura worked for two years at VELT Partners as a long-term trends analyst and holds a degree in Economics from Insper.

How long on the market? 2 YEARS
How long at Indie? 1 YEAR
Breno Venturi Investment Analyst

Breno is an equity analyst at Indie Capital. Before joining the team, he worked for two and a half years as an M&A consultant at Fortezza Partners. Breno holds a degree in Production Engineering from Poli-USP.

How long on the market? 2 YEARS
How long at Indie? 1 YEAR
Paulo Gomes Institutional

Paulo is responsible for institutional matters. He worked in M&A and planning at LFG and also managed a family office. Paulo holds a bachelor’s degree in Business Administration and a postgraduate degree in Finance from Insper.

How long on the market? 17 YEARS
How long at Indie? 9 YEARS
Marcelo Bronze Investor Relations

Marcelo is the partner responsible for investor relations at Indie Capital. Previously, he worked as a corporate banking relationship manager at BNP Paribas. Marcelo holds a degree in Business Administration from FGV.

How long on the market? 7 YEARS
How long at Indie? 3 YEARS
Verônica Ferrari Institutional

Verônica has an institutional role at Indie, navigating between the administrative, operations, commercial, and personnel areas.

How long on the market? 12 YEARS
How long at Indie? 8 YEARS
Thais Faggion Administrative

With experience at companies such as PwC, Itaú BBA, and a law firm, Thais is responsible for administrative functions at Indie.

How long on the market? 8 YEARS
How long at Indie? 1 YEAR
Camilo Chioratto, CFA COO

Camilo is the COO of Indie Capital. His career began with an internship at Itaú-Unibanco in 2012, where he moved up to financial planning analyst. In 2014, he switched to the operations area of Itaú Asset Management, where he acted as operations manager for offshore funds and FoF until 2021. Camilo holds a degree in Production Engineering from the Federal University of São Carlos – UFSCar.

How long on the market? 10 YEARS
How long at Indie? 1 YEAR
Breno Leal Tech & Compliance

Breno is responsible for Compliance and Programming at Indie Capital. Previously, he worked as a risk and operations analyst at Advis Investimentos from July 2011 to October 2013, at Neo Investimentos from November 2013 to October 2014, and at B3 from January 2015 to January 2018. Breno holds a degree in Engineering from the polytechnic school at USP.

How long on the market? 10 YEARS
How long at Indie? 3 YEARS
Katia Iwasaki Risk & Back-office

Kátia is a risk analyst at Indie Capital. Kátia worked at LUZ Soluções Financeiras and holds a degree in Chemical Engineering from the University of Campinas (Unicamp) with a specialization from the University of Birmingham.

How long on the market? 5 YEARS
How long at Indie? 2 YEARS
Pedro Costa Tech Analayst

Pedro is an operations analyst. He did an internship at Santander Asset Management in Risk & Compliance and holds a degree in Mechanical-Aeronautical Engineering from Instituto Tecnológico de Aeronáutica (ITA).

How long on the market? 3 YEARS
How long at Indie? 2 YEARS
Daniel Reichstul Portfolio Manager
Felipe Montagna Portfolio Manager
Henrique Jacob Portfolio Manager
João Nerasti Portfolio Manager
Sophia Pawlaski Investment Analyst
Cleto Salha Investment Analyst
Laura Vehanen ESG Analyst
Breno Venturi Investment Analyst
Paulo Gomes Institutional
Marcelo Bronze Investor Relations
Verônica Ferrari Institutional
Thais Faggion Administrative
Camilo Chioratto, CFA COO
Breno Leal Tech & Compliance
Katia Iwasaki Risk & Back-office
Pedro Costa Tech Analayst

EXPERIENCE

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