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
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?
19 YEARS
How long at Indie?
10 YEARS
Felipe Montagna
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?
24 YEARS
How long at Indie?
9 YEARS
Henrique Jacob
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?
9 YEARS
How long at Indie?
7 YEARS
João Nerasti
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?
9 YEARS
How long at Indie?
4 YEARS
Sophia Pawlaski
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?
3 YEARS
How long at Indie?
2 YEARS
Cleto Salha
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?
3 YEARS
How long at Indie?
2 YEARS
Breno Venturi
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?
3 YEARS
How long at Indie?
1 YEAR
Paulo Gomes
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?
18 YEARS
How long at Indie?
10 YEARS
Marcelo Bronze
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?
8 YEARS
How long at Indie?
4 YEARS
Verônica Ferrari
Verônica has an institutional role at Indie, navigating between the administrative, operations, commercial, and personnel areas.
How long on the market?
13 YEARS
How long at Indie?
9 YEARS
Thais Faggion
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?
9 YEARS
How long at Indie?
2 YEARS
Camilo Chioratto, CFA
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?
11 YEARS
How long at Indie?
1 YEAR
Breno Leal
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?
11 YEARS
How long at Indie?
4 YEARS
Pedro Costa
Daniel Reichstul
Portfolio Manager
Felipe Montagna
Portfolio Manager
Henrique Jacob
Portfolio Manager
João Nerasti
Portfolio Manager
Sophia Pawlaski
Investment Analyst
Cleto Salha
Investment Analyst
Breno Venturi
Investment Analyst
Paulo Gomes
Institutional
Marcelo Bronze
Investor Relations
Verônica Ferrari
Compliance & Institucional
Thais Faggion
Administrative
Camilo Chioratto, CFA
COO
Breno Leal
Risco & Tech
Pedro Costa
Operações & Tech
EXPERIENCE
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21
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19
18
17
16
15
14
13
12
11
10
09
08
07
06
05
04
03
02
01
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99
DANIEL REICHSTUL
Gestor de Investimentos
PATRIA INVESTIMENTOS
ABN AMRO
BCB/MESTRADO
FELIPE MONTAGNA
Gestor de Investimentos
PATRIA INVESTIMENTOS
EXPERIÊNCIA INTERNACIONAL
IRR
BANCO PACTUAL
CLSA
ING BARINGS
HENRIQUE JACOB
Gestor de Investimentos
CREDIT SUISSE
JOÃO NERASTI
Gestor de Investimentos
VELT
CREDIT SUISSE
AMBEV
SOPHIA PAWLASKI
Analista de Investimentos
SOFT BANK
PATRIA INVESTIMENTOS
CLETO SALHA
Analista de Investimentos
051
BRENO VENTURI
Analista de Investimentos
FORTEZZA
PAULO GOMES
Institucional
ELLPA
LFG BUSINESS
MARCELO BRONZE
RI
BNP PARIBAS
VERONICA FERRARI
Institucional
EXPERIÊNCIA INTERNACIONAL
THAIS FAGGION
Administrativo
CHIAROTTINO E NICOLETTI ADVOGADOS
PWC
ITAÚ
CAMILO CHIORATTO, CFA
COO
ITAÚ
ULTRAPAR
BRENO LEAL
Tech & Compliance
B3
NEO
ADVIS
PEDRO COSTA
Analista Tech
SANTANDER
INDIE CAPITAL