# BTG Pactual: portfolio, investments and team > BTG Pactual is a vc firm based in Brazil. 12 investments on record, 6 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/btg-pactual (Millionrounds; every figure on the page links to its filing or article) Brazil · [Investor](https://millionrounds.com/investors) # BTG Pactual Last cheque observed Jul 2026; 12 cheques on record. Email VC firm Deploying now New fund $128M, Aug 2026 Seed Advertising (AdTech) Enterprise Future Of Work Follow BTG Pactual and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbtg-pactual) Deploying now **100%** of best year **6** **cheques in 12 months**, 12 on record Since the last cheque **120** days **00** hrs **00** min **00** sec Median round **$200M** Rounds led **2 of 12** Sole investor **3 rounds** Mostly in **Brazil, 58%** Pitch BTG Pactual ## BTG Pactual highlights - 01 6 cheques in the last 12 months - 02 Mostly Debt and Venture: 67% of its rounds - 03 Sole investor in 3 rounds, median $45M ## What they do > No text could be read from the homepage. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed - **Sectors:** Advertising (AdTech) Enterprise Future Of Work - **Based in:** BOTAFOGO, RIO DE JANEIRO, Brazil - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **12 appearances** - **2026** 4 rounds - **Jul** **[Addi](https://millionrounds.com/company/addi)** Series D · CO · LatamList **$86M** *Led* - **Apr** **[CloudWalk](https://millionrounds.com/company/cloudwalk)** Debt · BR · LatamList **$1.1B** With 7 others - **Apr** **[Plata](https://millionrounds.com/company/plata)** Series C · MX · LatamList **$405M** With 10 others - **Jan** **[CashU](https://millionrounds.com/company/cashu)** Debt · BR · LatamList **$23M** With 3 others - **2025** 3 rounds - **Nov** **[Credix](https://millionrounds.com/company/credix)** BR · LatamList **$94M** *Led* - **Nov** **[CloudWalk](https://millionrounds.com/company/cloudwalk)** Debt · BR · LatamList **$780M** With 9 others - **Jun** **[Meliuz](https://millionrounds.com/company/meliuz)** BR · TechStartups **$32M** Sole investor - **2024** 1 round - **Dec** **[CloudWalk](https://millionrounds.com/company/cloudwalk)** Debt · BR · LatamList **$444M** With 4 others - **2018** 1 round - **Sept** **[Portal Finance](https://millionrounds.com/company/portal-finance)** CO · TechCrunch **$200M** Sole investor - **2013** 2 rounds - **Apr** **[Ordrx](https://millionrounds.com/company/ordrx)** Venture · US **$500K** With 2 others - **Feb** **[Graduway](https://millionrounds.com/company/graduway)** Seed · GB · techcrunch.com **$1.1M** With 2 others - **2009** 1 round - **Dec** **[Acucar Guarani](https://millionrounds.com/company/acucar-guarani)** Venture · BR · fis.dowjones.com **$45M** Sole investor An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **24 named** AG **Alexis Gontow Maron** Chief Financial Officer i Form ADV AS **Antonio Secondo Mazzola Renato** Director i Filing they signed CC **Carolina Cury Maia Costa** Director of the Managing Member i Filing they signed CR **Carolina Ribeiro de Oliveira Machado Cury** Director i Filing they signed CP **Cassandra Powell** Cassandra Powell is a director of BTG Pactual Asset Management GP, Ltd., which is the managing member of BTG Pactual Absoluto Fund - Portfolio E LLC. i Filing they signed CN **Clive Needham** Clive Needham is a director of BTG Pactual GEMM GP, Ltd., which is the General Partner of BTG Pactual Global Emerging Markets & Macro Fund, LLC. i Filing they signed DS **Darren Stainrod** Darren Stainrod is a director of the Managing Member i Filing they signed DC **Dayna Corlito** Dayna Corlito is a director of BTG Pactual Distressed Mortgage GP, Ltd., the General Partner of BTG Pactual Distressed Mortgage Fund LP. i Filing they signed FM **Frederico Monnerat Araujo** Executive Director and CEO i Form ADV GL **Gerrity Lansing** Manager of BTG Pactual Strategic Capital Fund II GP, LLC, each issuer's GP i Filing they signed JF **James Frank** Manager of BTG Pactual Strategic Capital Fund II GP, LLC, each issuer's GP i Filing they signed JW **Jill Wallach** Jill Wallach is a director of BTG Pactual Employees Fund Management, Ltd., which is the Managing Member of BTG Pactual DMF Employees Feeder, LLC. i Filing they signed JW **Jillian Wallach** Director of the General Partner i Filing they signed JJ **John Joseph Fath** Managing Partner i Form ADV JB **Jonathan Bisgaier** Jonathan Bisgaier is a director of the Managing Member i Filing they signed MB **Mariana Botelho Ramalho Cardoso** Chief Compliance Officer i Form ADV MB **Mark Berman** Mark Berman is a director of BTG Pactual Distressed Mortgage GP, Ltd., the General Partner of BTG Pactual Distressed Mortgage Fund LP. i Filing they signed MW **Mark Wishnie** Director i Filing they signed MM **Mary Murphy** Mary Murphy is a director of BTG Pactual GEMM GP, Ltd., which is the General Partner of BTG Pactual Global Emerging Markets & Macro Fund, LLC. i Filing they signed MK **Mitchell Kosches** Manager of BTG Pactual Strategic Capital Fund II GP, LLC, each issuer's GP i Filing they signed NA **Nandikesh Anilkumar Dixit** Chief Legal Officer i Form ADV NS **Natalie Sullivan** Natalie Sullivan is a director i Filing they signed PC **Pedro Chrysostomo De Olive Maia** Director i Form ADV PA **Persio Arida** Persio Arida is a director of BTG Pactual Asset Management GP, Ltd., which is the managing member of BTG Pactual Absoluto Fund - Portfolio E LLC. i Filing they signed We also hold **36** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$33B** assets it manages, 3 advisers combined Oct 2026 **3+** funds on file numbered funds in its name **Exempt** reporting adviser venture or small private funds - **Legal name:** BTG Pactual (uk) Limited - **SEC number:** CRD 152538 Funds on its Form ADV **33** private funds, **$21B** in gross assets · filed Dec 2024 Private equity **28** Hedge **4** Private credit fund **1** - BTG Pactual Rates Master Fund LTD *Hedge* 523 investors $10B - BTG Pactual Global Rates Master Fund, L.P. *Hedge* 2 investors $5.8B - BTG Pactual Absolute Return Master Fund, L.P. *Hedge* 3 investors $2.0B - Project Longhorn Aggregator, L.P. *Private equity* 28 investors $388M - BTG Pactual Brazil Timberland Fund I, L.P. *Private equity* 13 investors $339M - BTG Pactual Strategic Capital Fund A, L.P. *Private equity* 41 investors $233M - BTG Pactual PNW Fund III LLC *Private equity* 12 investors $207M - BTG Pactual PNW Fund IV LLC *Private equity* 6 investors $194M - Aurora Midwest Industrial Holdings L.P. *Private equity* 134 investors $158M - BTF II-C, L.P. *Private equity* 1 investor $136M And 23 more on the filing. Funds they back ## 1 fund commitment on record - **Managers:** 1 Every fund on record that it has committed money to, and the managers who invest it. Source: fund news. Managers it backs most - [CashU 1 fund](https://millionrounds.com/fund/cashu) Most recent commitments - [CashU Credit Rights Investment Fund (FIDC)](https://millionrounds.com/fund/cashu) ## Companies it bought Acquisitions by the firm itself **Ariel Re** **Undisclosed** Jul 2014 New fund on file **$128M** raised in Aug 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Median round joined **$200M** the round, not its cheque Alone, median **$45M** Led 2 of 12 rounds **17%** - **Sole investor:** 3 rounds - **Last cheque:** Jul 2026 Rounds by stage said on their site - Debt *4* - Venture *2* - Seed said *1* - Series C *1* - Series D *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Itaú BBA International plc](https://millionrounds.com/fund/itau-bba-international-plc) 4 - [Coatue](https://millionrounds.com/fund/coatue-management) 2 - [Plug and Play](https://millionrounds.com/fund/plug-and-play) 2 - [Safra](https://millionrounds.com/fund/safra) 2 - [Santander](https://millionrounds.com/fund/santander) 2 - [UBS](https://millionrounds.com/fund/ubs-bb) 2 **Pitching BTG Pactual?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as BTG Pactual. A count of rooms they were both in, not a relationship either has claimed. [**Itaú BBA International plc** VC firm **4** rounds together](https://millionrounds.com/fund/itau-bba-international-plc)[**Coatue** VC firm **2** rounds together](https://millionrounds.com/fund/coatue-management)[**Plug and Play** Accelerator **2** rounds together](https://millionrounds.com/fund/plug-and-play)[**Safra** Investment firm **2** rounds together](https://millionrounds.com/fund/safra)[**Santander** VC firm **2** rounds together](https://millionrounds.com/fund/santander)[**UBS** Wealth manager **2** rounds together](https://millionrounds.com/fund/ubs-bb)[**Valor Capital Group** VC firm **2** rounds together](https://millionrounds.com/fund/valor-capital) ## Recently backed The latest companies BTG Pactual put money into. [**Addi** $86M · Jul 2026](https://millionrounds.com/company/addi)[**CloudWalk** $1.1B · Apr 2026](https://millionrounds.com/company/cloudwalk)[**Credix** $94M · Nov 2025](https://millionrounds.com/company/credix)[**Meliuz** $32M · Jun 2025](https://millionrounds.com/company/meliuz) ## Mentioned on podcasts Episodes that name BTG Pactual in their description, not their title. - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 17 Apr 2025 · 29 min Cantilever Group's Todd Owens - GP stakes: the best of all worlds? (live from New York) With [Todd Owens](https://millionrounds.com/person/todd-owens) Mentions [BTG Pactual](https://millionrounds.com/fund/btg-pactual) Apple PodcastsShow page - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 25 Sept 2024 · 49 min Cantilever Group's Todd Owens - the untapped opportunity in GP stakes With [Todd Owens](https://millionrounds.com/person/todd-owens) Mentions [BTG Pactual](https://millionrounds.com/fund/btg-pactual) Apple PodcastsShow page ## Quick answers about BTG Pactual ### What does BTG Pactual invest in? BTG Pactual invests most often at Debt and Venture (67% of the rounds on record), in sectors such as Advertising (AdTech), Enterprise and Future Of Work. ### How active is BTG Pactual? 12 investments on record, 6 of them in the last 12 months, and it led 2. The most recent was in Jul 2026. ### What has BTG Pactual invested in recently? Its most recent investments on record: Addi (Series D, Jul 2026), CloudWalk (Debt, Apr 2026) and Plata (Series C, Apr 2026). ### How big are BTG Pactual's cheques? The median round it joins is $200M. ### Does BTG Pactual lead rounds? Yes: it led 2 of its 12 investments on record (17%). ### Where does BTG Pactual invest? Most of the companies it backs are in Brazil (58%), Colombia (17%) and Mexico (8%). ### Is BTG Pactual investing now? Yes: it is actively investing, with 6 investments in the last 12 months. ### Who does BTG Pactual invest alongside? Most often Itaú BBA International plc (4 rounds together), Coatue (2 rounds together) and Plug and Play (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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