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 invest in quality businesses at a discount to their intrinsic value.
We promote teamwide investment case discussions for different perspectives, constant interactions with different stakeholders and extensive monitoring of companies within our coverage universe in the investment decision process.
Our investment team has different complementary backgrounds, including private equity & public equity experiences.
We value attracting and retaining talents to promote our culture and our partnership.
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?
20 YEARS
How long at Indie?
11 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?
25 YEARS
How long at Indie?
10 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?
10 YEARS
How long at Indie?
8 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?
10 YEARS
How long at Indie?
5 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?
4 YEARS
How long at Indie?
3 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?
4 YEARS
How long at Indie?
3 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?
4 YEARS
How long at Indie?
2 YEARS
Fernando Picchi
Fernando started his career in the Financial Market in 2020 as an intern at Indie Capital and was recently hired as an investment analyst.
How long on the market?
3 YEARS
How long at Indie?
3 YEARS
Marcelo Bronze
Marcelo Bronze is responsible for the operations and investor relations areas. With more than 9 years of working experience in financial market. Before joining Indie Capital, he worked as Relationship Manager of Corporate Banking at BNP Paribas. Marcelo has a bachelor degree in Business from FGV.
How long on the market?
9 YEARS
How long at Indie?
5 YEARS
Victoria Novelli
Victoria Novelli is part of Indie Capital’s Investor Relations team. Previously, she worked at Encore from 2020 to 2022, where she was responsible for the investor relations. Prior to that, she was in the commercial area at Morgan Stanley Investment Management.
Victoria holds a bachelor’s degree in Economic Sciences from PUC-SP.
How long on the market?
5 YEARS
How long at Indie?
1 YEAR
Verônica Ferrari
Verônica is responsible for the compliance and middle office areas at Indie Capital. Verônica has more than 10 years of working experience in the financial market.
How long on the market?
14 YEARS
How long at Indie?
10 YEARS
Thais Faggion
Operations analyst. Previously, she held different positions at PwC, Itaú BBA, and a law firm.
How long on the market?
10 YEARS
How long at Indie?
3 YEARS
Pedro Costa
Pedro is an operations & data analyst and has 5 years of professional experience. Previously, he interned at Santander Asset Management in Risks & Compliance and has a degree in Mechanical-Aeronautical Engineering from Instituto Tecnológico de Aeronáutica (ITA).
How long on the market?
5 YEARS
How long at Indie?
4 YEARS
Bruno Morikuni
Bruno started his career in the financial market in 2022 as an intern at Indie Capital and was recently hired as an analyst in the operations area. Bruno is studying Biomedical Engineering and Science & Technology at the Federal University of ABC.
How long on the market?
1 YEAR
How long at Indie?
1 YEAR
Eduardo Salis
Eduardo iniciou sua carreira no mercado financeiro em 2021 como estagiário na Indie Capital e recentemente foi efetivado como analista na área de operações. Eduardo cursa Administração na FEA-USP.
How long on the market?
2 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
Breno Venturi
Investment Analyst
Fernando Picchi
Investment Analyst
Marcelo Bronze
Institutional
Victoria Novelli
Investor Relations
Verônica Ferrari
Compliance & Operations
Thais Faggion
Administrative analyst
Pedro Costa
Risk & Operations
Bruno Morikuni
Operations & Technology analyst
Eduardo Salis
Operations & Technology analyst
EXPERIENCE
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14
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11
10
09
08
07
06
05
04
03
02
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99
DANIEL REICHSTUL
Portfolio Manager
PATRIA INVESTIMENTOS
ABN AMRO
BCB/MESTRADO
FELIPE MONTAGNA
Portfolio Manager
PATRIA INVESTIMENTOS
EXPERIÊNCIA INTERNACIONAL
IRR
BANCO PACTUAL
CLSA
ING BARINGS
HENRIQUE JACOB
Portfolio Manager
CREDIT SUISSE
JOÃO NERASTI
Portfolio Manager
VELT
CREDIT SUISSE
AMBEV
SOPHIA PAWLASKI
Investment Analyst
SOFT BANK
PATRIA INVESTIMENTOS
CLETO SALHA
Investment Analyst
051
FERNANDO PICCHI
Investment Analyst
MARCELO BRONZE
Institutional
BNP PARIBAS
VICTÓRIA NOVELLI
IR
ENCORE
MORGAN STANLEY
MIRAE ASSET
VERONICA FERRARI
Compliance & Operations
EXPERIÊNCIA INTERNACIONAL
THAIS FAGGION
Administrative analyst
CHIAROTTINO E NICOLETTI ADVOGADOS
PWC
ITAÚ
PEDRO COSTA
Rick & Operations Analyst
SANTANDER
BRUNO MORIKUNI
Operations & Technology Analyst
TI
EDUARDO SALIS
Operations & Technology Analyst
INDIE CAPITAL