Founded in 1993, fama re.capital is an independent asset manager committed to an inclusive, equitable, and regenerative economy that creates value for all stakeholders.
About us
Founded in 1993, fama re.capital is an independent asset manager and a certified B Corporation, dedicated to redefining the role of investments in building a sustainable future. Our pioneering approach seeks to balance strong financial returns with the generation of tangible benefits for society and the environment, recognizing that economic value must be created in an inclusive and responsible way.
By developing innovative products, we focus on investments that not only deliver solid financial results but also address urgent demands for social and environmental solutions. We believe that today’s challenges—from climate change to social inequality—require a fundamental reassessment of how capital is allocated. Our strategies are designed to do just that: to find opportunities where economic growth aligns with social and environmental progress.
More than simply providing capital, we act as strategic partners to the companies and projects in which we invest, helping them navigate and thrive in an increasingly complex business environment. Our commitment is to creating lasting value, using a lens that considers the full impact of our actions—from strengthening sustainable business practices to promoting innovations that transform entire industries.
We understand that the future of investing lies in the convergence of profit and purpose. Our solutions are designed for investors who seek more than financial returns; they seek to be part of a meaningful shift that sets new standards for success. In a rapidly changing world, we believe that capital must be a catalyst for progress that is shared by all.
At fama re.capital, we are committed to leading this new era of responsible investing, where profitability and social responsibility go hand in hand, creating a positive legacy for future generations.
We are a B Corporation
As one of just 74 asset managers worldwide to obtain this certification, and as part of a global community of companies that use the power of business for good, this achievement strengthens our mission to promote responsible investments and generate positive impact for society and the environment,aligning our operations with ESG (Environmental, Social, and Governance) principles and redefining success in the business world.
Our Awards, Commitments
and Certifications
Net-Zero Asset Managers
- Co-founder and signatory
- Only co-founder from Latin America
Best for the World
- Recognized for best practices with its collaborators
- Awarded by B Lab in 2022 and 2023
PRI Awards 2022
- Only asset manager in Latin America to be a finalist for the award
- Categories: “Real-world impact of the year” and “Emerging Markets”
ESG Investing Awards 2022 e 2023
- Only asset manager in Latin America to be a finalist for the award
- Categories: ‘Best ESG Equity Fund: Emerging Markets’ and ‘Best ESG Equity Fund: Specialist’, respectively
CDP Non-Disclosure Campaign
- Leader of the campaign’s collective engagement
- Only Brazilian asset manager during the 2022 and 2023 campaigns
Nature Action 100
- Signatory since 2023
- Engaged in corporate actions for the preservation of nature and biodiversity
Compromisso 1%
- Signatory since 2024
- Only asset manager to join the Commitment
Aliança Pelo Impacto
- Signatory since 2023
United Nations Global Compact
- Signatory since 2020
Principles for Responsible Investment (PRI)
- Signatory since 2011
Our Identity and Commitment
We are guided by ethics and transparency, driven by the desire to contribute to positive change in the capital markets. We are committed to always honoring our duty as asset managers, leveraging the impact potential we hold.
We are determined to use this expertise and, with humility, learn whatever is necessary for us to become the change agents we aspire to be and see in the market.
Our commitments and actions cover environmental, social, economic, and governance issues, going beyond the capital markets. We seek to build bridges between the academic and professional sectors, engaging with society at large.
Our team
Ylana Santos
Compliance
Amanda Witzke
Analyst
Lucas Meirelles
Analyst
Andrea Alvares
Head of the FamaGaia Sociobioeconomy FIDC IS Fund
Caroline Dihl Prolo
Stewardship
Daniel Silva
Low-Carbon
Economy Scientist
Diana Stuhlberger
Analyst
Fabio Alperowitch
CIO and Founder
Nathalia Leandro
Analyst
Michael Wickert
Co-Portfolio Manager of the Fama FIC FIA Fund
Laura Vehanen
Analyst
Laura Vélez
Head of ESG
Lucia Rocha
Controller
Mauricio Camargo
Operations
Silmara Cristina Silva
Administrative
Tiago Gomes
Head of the Fama LatAm Climate Turnaround FIA IS Fund
Graduated in Law and specialized in Corporate Governance and Compliance, Ylana built her career by leading the strategic development of legal and governance departments in prominent market-leading companies and innovative startups. Her mission has always been to transform complex challenges into strategic solutions that foster more responsible and sustainable businesses. Throughout the career, Ylana has maintained a strong focus on innovation, corporate ethics, and positive impact, and actively participates in initiatives dedicated to diversity, equity, and inclusion in the corporate environment. Joined fama re.capital in 2024.
Graduated in Business Administration and Statistics from the University of North Carolina at Chapel Hill. Has a background in the banking sector, with experience in retail operations and digital banking platforms, complementing this expertise with technical consulting focused on commodity hedge strategies. Joined fama re.capital em 2023.
Graduated in Electrical Engineering from the State University of Campinas, with a specialization in Systems Optimization. Worked in investment and technology companies, focusing on strategic planning, financial modeling, and operational efficiency. Lucas's career is marked by the application of data and quantitative methods to develop solutions that align impact with sustainability. Joined fama re.capital em 2025.
Caroline is an environmental lawyer specialized in climate change and carbon markets. Founder of LACLIMA (Latin American Climate Lawyers Initiative for Mobilizing Action), the first network of climate change lawyers in Latin America, consultant for the International Institute for Environment and Development (IIED), and legal adviser to the Least Developed Countries Group in the United Nations Framework Convention on Climate Change (UNFCCC) negotiations since 2013. Columnist for the Brazilian newspapers Valor Investe and Capital Reset. Brings over fifteen years of experience in law firms in Brazil, having led the Environmental and Climate Change practice at Stocche Forbes Advogados for seven years. Holds a Law degree from the Federal University of Rio Grande do Sul (UFRGS) and a Master’s degree in Law from University College London (UCL).
Graduated in Economics with a Master’s degree in Geography and Environment, currently pursuing a Ph.D. at the University of Texas at Austin. Brings over ten years of experience working with public policies and research in the Amazon and Cerrado biomes; author and co-author of reports and scientific articles. Daniel joined fama re.capital em 2023.
Graduated in Business Administration from FGV-SP and holds a Master’s in Finance from London Business School. Brings twelve years of experience in the financial market, focused on equity analysis, including the last four years at Eleven Financial covering the agriculture, food and beverage, and fuel distribution sectors. Previous experience includes managing client equity portfolios at the family office Berkana, working as an equity research analyst at Banco Brasil Plural, and serving as a financial consultant at Stern Stewart. Diana joined fama re.capital in 2023. Holds CFA and CFA ESG certifications.
Fábio graduated in Business Administration from Fundação Getúlio Vargas (FGV-SP), with executive education courses at the University of California (Berkeley) and Harvard Kennedy School. Began his career at Procter & Gamble and founded fama re.capital where he is responsible for managing the Brazilian equity fund, focused on companies with social responsibility and adherence to ESG best practices. Served on the Boards of Directors of several publicly traded companies. In the non-profit sector, Fábio serves as director at Instituto FAMA, Instituto Brasil Israel, and Instituto Totós da Teté, and sits on the boards of Museu Judaico, Instituto Ethos, Instituto LIFE, Capitalismo Consciente Brasil, and WWF Brazil. Holds CFA and CFA ESG certifications.
Nathalia graduated in Production Engineering from PUC. Began her career in the financial market in 2018, working in Back Office and structured fund control at Genial Investimentos. Later joined BNY Mellon as a Middle Office analyst and became part of the Investment team at Petros in 2022. Joined fama re.capital in 2025. Holds a CFG certification from Anbima.
Laura graduated in Economics from Insper. Began her career at independent equity funds in São Paulo, first as a long-term trends analyst at VELT Partners, and later as an ESG analyst at Indie Capital. After that period, co-founded a climate change-focused startup in the United Kingdom. Holds the CFA ESG certification.
Lucia graduated in Business Administration from FMU – Faculdades Metropolitanas Unidas. Began her career at fama re.capital in August 1996, in the administrative area. Worked in back office and commercial, later moving to the operations area in 2006. Holds the CPA-20 certification (Anbima).
Formado em Comercio Exterior pela Universidade Anhanguera Educacional. Iniciou sua carreira na fama re.capital em 1999 atuando como Auxiliar Administrativo. Teve uma breve passagem pela área comercial e, em 2001, juntou-se a área de operações.
Silmara graduated in Business Administration from Faculdade Orígenes Lessa in Lençóis Paulista/SP and is currently studying Law at Universidade Anhembi Morumbi. Began a career at Grupo Lwart in 1998, working in administrative, commercial, and executive secretary roles until 2009, joining fama re.capital as Executive Assistant.
Tiago graduated in Business Administration from FGV-SP and holds a Master’s degree in Business Administration from the University of Chicago, Booth School of Business. Certified as a board member by the Brazilian Institute of Corporate Governance (IBGC), and brings experience serving on various Boards of Directors. Has over fifteen years of experience working across multiple asset classes in international markets. Played a key role in establishing impact strategies and raising a climate solutions fund focused on Latin American growth at GEF Capital Partners. Joined fama re.capital in 2024.
Laura graduated in Administrative Engineering from Universidad Nacional de Colombia and holds a Master of Science in Corporate Sustainability and Environmental Management from the University of York. Began her professional career as a trainee at Banco Santander in the Universities division and later worked as a project manager in the Payments division at Bancolombia. Before specializing in sustainability, worked at LATAM Airlines in the Strategic Network area, focusing on strategic, financial, and operational planning for the Brazilian flight network. Joined fama re.capital in June 2020. Holds the CFA ESG certification.
Michael graduated in Business Administration from Fundação Getúlio Vargas (FGV-SP), holds an MBA from the University of Chicago – Booth School of Business, and completed an executive course at Harvard Kennedy School. Began his career in mergers and acquisitions, where he worked for a decade at institutions such as Santander, Credit Suisse, and Indosuez. Later, worked as a portfolio manager and equity/special situations analyst at FRAM Capital and Stark Investments. Between 2011 and 2014, served as co-head of equities at Kinea Investimentos. Co-author of the book Valuation: Guia Fundamental (Ed. Atlas, 2014). Joined fama re.capital in march 2015. Holds the CFA ESG certification.
Andrea joined fama re.capital in 2024 to lead the Fama Gaia Sociobioeconomy FIDC Fund. Brings 30 years of professional experience, including 27 years in consumer goods companies such as Natura, PepsiCo, and P&G. Over the past 7 years, served as Global Vice President of Brand, Innovation, and Sustainability at Natura, leading operations outside Latin America. Also held positions as General Manager of Snacks and President of PepsiCo’s Beverages Division in Brazil. Participated in several boards, including the World Business Council for Sustainable Development and Instituto Ethos, and has received multiple recognitions for leadership in sustainability. Currently, serves as Chair of the Deliberative Council at Instituto Ethos and sits on the boards of organizations such as the Cradle to Cradle Innovation Institute and Globescan. Graduated in Business Administration from EAESP-FGV, Andrea is a partner at Casa do Saber and founder of Camomila, focused on the development of regenerative systems.
Advisory Board
Innovation, leadership, and commitment define our Advisory Board, whose diverse expertise guides our journey towards excellence and corporate responsibility.
Adriana Alves
Social
A leading figure in diversity and inclusion issues.
Strong presence in the third sector, focusing on gender and race issues. Solid corporate career.
Jair Ribeiro
Finance/Governance
Former banker and founder of Parceiros da Educação.
Former banker at Chase Manhattan Brazil, JP Morgan NY.
Natalie Unterstell
Environmental
President of Instituto Talanoa.
Supported the development of public policies, including some of the most ambitious climate change policies in Brazil.
Renato Meirelles
Communication
Founder and president of Data Favela and Instituto Locomotiva.
One of Brazil’s leading experts in consumer behavior and public opinion dynamics.
Headquarters
Rua Olimpíadas 134, conj. 42
Vila Olímpia, São Paulo-SP
04551-000
Contact us
contato@famarecapital.com
+55 11 5508 1188
The information on this website is for informational purposes only. It is essential to read the fund's prospectus and regulations before making any investment decisions. Past performance is not a guarantee of future results. The reported returns are not net of taxes. None of the funds are guaranteed by the fund administrator, the asset manager, or the Credit Guarantee Fund (FGC). To obtain the Prospectus, Performance History, and any additional information, please contact fama re.capital or the fund's administrator. For fund performance analysis, it is recommended to review a period of at least 12 months.