Unique Portfolio: We offer a long-only strategy featuring a single portfolio accessible to all investors, ensuring alignment of interests.
Focus and Concentration: We prioritize a best-ideas fund with a concentrated portfolio of 15 to 18 positions, selected through disciplined due diligence.
Prudence: We seek long-term capital preservation. We assess portfolio exposures and weights with sectoral limits to mitigate Brazilian market volatility and adapt to macroeconomic or political shocks.
Performance History: We have generated alpha across various investment theses over time, using CDI as our benchmark reference, with regulatory adaptations in specific vehicles.
Active Engagement: We foster ongoing, collaborative dialogue with our invested companies.
Opportunities: Our access to Brazilian market leaders and experts enables us to identify opportunities and build constructive partnerships with our investees.
People Pillar: We conduct in-depth assessments of controllers and management teams at investees, scrutinizing their incentives, governance practices, capital allocation strategies, and long-term alignments with the businesses they manage.
Business Model Pillar: We scrutinize the quality of business models, favoring companies with robust entry barriers, distinctive competitive edges, and capital deployment opportunities that deliver compelling, enduring returns.
Valuation Pillar: We target substantial margins of safety by appraising a company's intrinsic value against its market price, providing downside protection amid volatility while optimizing risk-adjusted upside.
Generalist Approach: We value collegial discussions that incorporate multiple perspectives, paired with rigorous, ongoing thesis validation where team members serve as devil's advocates.
Long-Term Horizon: Our timeframe for core thesis maturation typically spans 3-5 years.
Risk Management: We uphold strict discipline in risk monitoring (incorporating ESG factors into our risk-return assessments) and post-mortem reviews, fostering ongoing refinement of our due diligence processes.
Trust: We're proud to have retained 60% of our investors since our founding, a testament to the confidence they've placed in us and the enduring consistency of our long-term strategy.
Sophisticated Investor Base: More than 50% of our investor base consists of family offices.
Closeness: We conduct regular one-on-one meetings with investors, delivering detailed analyses and portfolio updates.
Commitment: Our team invests in Brazilian equities exclusively through partners' vehicles, which rank among the fund's largest client groups and include substantial portions of their personal wealth, ensuring strong interest alignment with investors and unwavering conviction in our portfolio management.
Experience: We maintain a lean team of senior partners with over 20 years in Brazil's financial markets, who've collaborated closely for years.
Balance: Our team brings complementary strengths through diverse skills and viewpoints, enhancing our analytical rigor and decision-making.
If you want to receive more information about our company, please e-mail nucleo@nucleocapital.com.br.
1052 Joaquim Floriano Street,
Suite 122, Itaim Bibi, São Paulo - SP
04534-004, Brazil
Entre em contato:
+55 11 3937 7560
nucleo@nucleocapital.com.br
NUCLEO Capital Ltd does not sell or distribute investment funds shares or any other financial assets. Investment funds are not guaranteed by the fund administrator, the portfolio manager, or any insurance mechanism including the credit guarantee fund – FGC. Before investing, read the prospectus and the fund regulations document. Equity funds may be subject to significant concentrations in assets of a few issuers, with the associated risks.
© 2025 Nucleo Capital
