Flavio José Rissato Adorno

Rio Bravo Investimentos Ltda. (Rio Bravo) is an asset manager headquartered Sao Paulo, Brazil. The firm was founded by Gustavo Franco and Paulo Bilyk in 2000. They are owned by Rio Bravo Asset Management Participações SA, which is owned by Fosun International Holdings Ltd. in British Virgin Islands. Rio Bravo offers investment funds for institutional investors.

FAMA Investimentos Ltda. is an independent Brazilian asset management firm which was founded in 1993 by Fábio Alperowitch and Maurício Levi. Headquartered in Sao Paulo, the firm provides discretionary investment advisory services to privately-offered, Brazil-based investment funds.

Planner Corretora de Valores SA is the securities brokerage subsidiary of Planner Holding Financeira SA in Brazil. Headquartered in São Paulo, the firm was founded in 1995 and provides a full spectrum of brokerage services to retail and institutional clients.

Sul América Investimentos DTVM SA (Sul América Investimentos) is the Brazilian asset management subsidiary of Sul América Companhia de Seguro Saude, ultimately held by Sul América SA (SP: SULA11). Established in 1996 as Sul América Investimentos Distribuidora de Títulos e Valores Mobiliários SA, the firm became Sul America Investimentos DTVM SA in 1998. Sul América Investimentos is based in Sao Paulo. The firm has been in a strategic partnership with ING Group since 2002 and provides asset management services such as mutual funds, exclusive funds and managed portfolios to a range of clients including pension funds, insurance companies, financial institutions, family offices, brokers and distributors and high-net worth individuals.

Petra Asset Gestão de Investimentos Ltda. The private company is based in São Paulo, Brazil and has subsidiaries in Brazil. provides investment advice to its clients. is a Brazilian company founded in 2004 by Ricardo Binelli and currently led by CEO Maria Cláudia Beldi Muniz Falcão.

Part of Leblon Investimentos Ltda., Solis Investimentos Ltda. The company is based in São Paulo, Brazil. is a Brazilian resource manager specializing in investment funds in creditory law.

Lis Capital Adm. e Gestora De Recursos Financeiros Ltda (LIS Capital) is an independent asset management firm headquartered in Sao Paulo, Brazil. The firm was founded by Tito Ávila and Fernando Pina in 2015. LIS Capital manages the LIS Value FIA, an equity investment fund.