Gávea Investimentos
IndustryFinancial services
Founded2003 (2003)
FounderArminio Fraga
Luiz Henrique Fraga
Headquarters1100 Av. Ataulfo de Paiva
Rio de Janeiro, Brazil
ProductsPrivate Equity
Investment Banking
Investment Management
Total assetsIncrease US$3,5 billion (2019)
Number of employees
69 (2019)
ParentJP Morgan Chase
Websitewww.gaveainvest.com.br

The Gávea Group comprises two investment management firms (Gávea Investimentos and Gávea Equity) and one distributor (Gávea DTVM). These are regulated by the Central Bank of Brazil, the Comissão de Valores Mobiliários - CVM (Brazil’s equivalent to the US SEC) and the Brazilian Financial and Capital Markets Association (ANBIMA).

Assets under management of approximately US$3.5 billion as of March 2019.[1][2]

Gávea was founded in the 2nd quarter of 2003 by Arminio Fraga and Luiz Henrique Fraga, launching its first two products in August of that same year.[3] Its activities are focused on four lines of business; hedge funds, private equity funds, equity funds and real estate funds.

Gávea has offices in Rio de Janeiro and São Paulo, with a staff of approximately 150.

In November 2010, Gávea announced the sale of a majority interest in its capital to J.P. Morgan Asset Management, the asset management arm of JPMorgan Chase.[4] And consequently, creating a strategic alliance with Highbridge Capital Management, the global alternative asset manager owned by J.P. Morgan Asset Management. Its investment process for each of the existing lines of business remains unchanged, under the leadership of CIO Arminio Fraga, Luiz Henrique Fraga and their teams.

References

  1. ↑ AFP, Editora Três (27 October 2010). "JPMorgan assume controle do Gávea Investimentos, de Armínio Fraga". Istoé Dinheiro. Archived from the original on 2010-10-29. Retrieved 18 October 2011.
  2. ↑ Antonio Ribeiro (13 October 2010). "Gávea Investimentos, capital aproxima capitais". Veja. Retrieved 18 October 2011.
  3. ↑ Luciana Magalhaes (April 17, 2015). "Brazilian Investment Firm Gávea in Talks to Buy Back Control from J.P. Morgan". The Wall Street Journal.
  4. ↑ Luciana Magalhaes and Emily Glazer (July 22, 2015). "Gávea Investimentos Founders Reach Deal to Buy Back Firm From J.P. Morgan Chase". The Wall Street Journal.
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