about INDIE

Founded in 2011, Indie Capital is an asset management firm dedicated to investing in stocks of publicly traded companies operating in Brazil. Our philosophy is to look for and invest in great companies led by excellent managers in periods of high value creation.

Our partnership is based on idea meritocracy, independent thinking, open-mindedness, and an intense search for capital appreciation opportunities. We strive to bring simplicity and excellence to what we do. We cultivate an owner’s mindset and a curious and inquisitive spirit.

Our team of people have diverse backgrounds, including extensive experience in investments in private equity and public equity; executive tenure; macro research. We value the internal training of people and those who can strengthen our culture.

We serve a broad investor profile, including institutional investors, wealth managers, investment advisors and individual investors, that are aligned with our investment philosophy.



Portfolio Management

Daniel has more than 18 years of experience in financial markets, being a former Private Equity Director at Pátria Investimentos where he led M&A division at Anhanguera Educacional, was CFO at LFG and also responsible for new private equity investments prospection. Before Pátria, Daniel worked at ABN AMRO Investment Bank division and at the Economic Department at Brazilian Central Bank. Daniel is graduated in Economics and holds a master’s degree from Sao Paulo University– USP.

Felipe has 19 years of experience in the financial markets. Felipe worked for 8 years at Patria Investimentos’ Private Equity area, as a Director for new portfolio investments, as well as M&A and capital market activities. During his tenure at Patria, he also held executive positions at portfolio companies – Suppliercard (CFO), Anhanguera Educacional, and Casa do Pão de Queijo. Prior to Patria, Felipe worked at Banco Pactual as an M&A analyst, and as an intern at ING Barings risk management and CLSA sell-side equity research areas. Felipe holds a bachelor degree in Business from FGV.

Henrique is an equity analyst partner at Indie Capital. With 6 years of experience in financial markets, he worked in equity research at Credit Suisse between 2013 and 2014, where he covered education, healthcare and non-bank financials sectors. Henrique holds a Business bachelor degree from Fundação Getulio Vargas – FGV.

João is an equity analyst partner at Indie Capital. With 5 years of experience in financial markets, he worked in equity research at M Square between 2015 and sept/17, where he covered financials institutions. João holds a bachelor degree in Economics from Sao Paulo University – USP.

Laura Vehanen is a member of Indie Capital’s investment team, focused on ESG analysis. Laura integrates the on-going process of incorporating ESG aspects into Indie’s investment strategy, which has been in development since the end of 2018. Laura worked for two years at VELT Partners, as a long-term trends analyst and has a degree in Sciences Economic from Insper.

After a 6-month trainee program, Sophia joined the analysis team. With more than 2 years of experience with the financial market, she has worked at Softbank’s and Pátria’s Private Equity, in addition to summer jobs at BTG Pactual and Itaú BBA. Sophia has a degree in Production Engineering from POLI-USP.

Investor Relations

Paulo is the partner responsible for the Institutional relations. With 10 years of experience in financial management, Paulo worked with Planning and M&A division at LFG and was manager at a family office. Paulo holds a bachelor in Business from FAAP and is post-graduated in Finance at INSPER.

Marcelo Bronze is responsible for the Investor Relations. With more than 7 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.

Henrique Alecrim works with Investor Relations. Graduated in Business Administration from FEA USP. Henrique has already worked in the financial market at XP Investimentos, besides having also worked with the consumer goods market.

Ms. Ferrari is responsible for Indie Capital’s Back-Office and has 8 years of experience with financial markets.


Camilo is COO of Indie Capital and has more than 10 years of experience. He was part of Itaú-Unibanco’s trainee program in 2012 and later a financial planning analyst. In 2014, he moved to the operating area of Itaú Asset Management, where he was manager of operations for offshore and FoF’s until 2021. He holds a degree in Production Engineering from the Federal University of São Carlos-UFSCar.

Breno is head of Compliance at Indie Capital. He has 10 years of experience and has already worked as risk analyst at Advis Investimentos, Neo Investimentos and B3 (Brazilian stock exchange). Breno holds bachelor engineering from Escola Politécnica – USP

Kátia is risk analyst with 3 years of experience. She has a bachelor degree from Campinas University with specialization from Brimingham University.

Pedro is an operations analyst and has 2 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).

Fund Returns

 DateNAVDayMonthYear12 M24 M36 MSince Inception*AUMAUM 12MTotal AUM
INDIE FIC FIA16/09/20214,06126800-1,57%-0,61%-3,73%8,57%27,29%96,30%306,13%R$ 1240,81 MR$ 1219,79 MR$ 2192,21 M
IBrX 10016/09/2021--1,27%-4,52%-3,50%15,03%11,78%56,53%121,16%---

* Fund Inception Date: 28/12/2012

contact us

Rua Diogo Moreira 132, Cj 101-104

São Paulo, SP – Brazil



+55 11 2626-4732



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The content on this website is for informational purposes only and is not intended to provide specific investment advice and should not be relied upon in that regard. You should not act or rely on the information provided herein without seeking the advice of a professional. No information provided in this website constitutes a solicitation, offer or recommendation to buy or sell shares of any investment fund managed or sponsored by Indie Capital Investimentos nor should it be construed as such in any jurisdiction where such a solicitation, offer or recommendation would be illegal. The past is not necessarily a guide to the future performance of any investment fund managed or sponsored by Indie Capital Investimentos. Values shown as indicative performance of investment funds formerly managed should not be construed as a guide to the future performance of investment funds currently managed by Indie Capital Investimentos. Any performance figures presented herein are gross of taxes. Investors must note that an investment in any investment fund managed or sponsored by Indie Capital Investimentos is subject to risks. The value of investments may fall as well as rise and investors may not get back the amounts invested. Pursuant to the regulations enacted by ANBIMA (“The Brazilian Financial and Capital Markets Entities Association”), an analysis of at least 12 (twelve) months is recommended when evaluating investment fund’s performance. BEFORE MAKING AN INVESTMENT DECISION, PLEASE READ THE RELEVANT PROSPECTUS, THE FUND’S RULES AND OTHER OFFERING MATERIALS IN ITS ENTIRETY. INVESTMENT FUNDS PERFORMANCE IS NOT GUARANTEED BY FUND ADMINISTRATORS OR FUND MANAGERS, OR BY ANY CAPITAL PROTECTION MECHANISM OR THE BRAZILIAN CREDIT GUARANTEE FUND (FGC). Neither Indie Capital Investimentos nor any of its directors, officers or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of the information contained herein, and makes no express or implied representations or warranties as to its accuracy or completeness, statements or errors contained in, or omissions from, such information.