Private equity funds in Brazil
12 funds filed a Form D between Oct 1, 2024 and Oct 30, 2026. Largest cities: Sao Paulo (11), Sao Paulo, Sp (1).
12private equity funds
6emerging managers
8first sale since 2025
$23.9Mmedian raised
Private equity funds by city
Lists: Largest private equity funds in Brazil · New private equity funds in Brazil · Emerging private equity managers in Brazil
All 12 private equity funds in Brazil
Fund
First sale
Raised
Investors
Minimum
Offering
Lumina Strategic Solutions Feeder Fund III, LP
Sao Paulo, BrazilOffshore
First saleDec 2025
Raised$753M
Investors10
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Feeder Fund III-1, LP
Sao Paulo, BrazilOffshore
First saleDec 2025
Raised$290M
Investors5
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (B)-1, LP
Sao Paulo, BrazilOffshore
First saleDec 2025
Raised$60.2M
Investors4
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (B), LP
Sao Paulo, BrazilOffshore
First saleDec 2025
Raised$59.0M
Investors2
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (A), LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$23.9M
Investors7
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (C), LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$20.0M
Investors1
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (A)-1, LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$12.0M
Investors2
MinimumNone set
Offering506(b)
Aquamarine II Feeder LP
Sao Paulo, BrazilEmergingOffshore
First saleAug 2024
Raised$5.9M
Investors2
Minimum$900K
Offering506(b)
Upload Global LLC, Series IOT
Sao Paulo, BrazilEmergingOffshore
First saleNov 2024
Raised$2.3M
Investors4
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (C)-1, LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$1.0M
Investors1
MinimumNone set
Offering506(b)
Sustainable Forestry & Restoration, LP
Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
BTG Pactual Infrastructure III Fund, LP
Sao Paulo, Sp, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)