Constellation Investimentos E Participações Ltda
- Regulatory AUM
- $526M
- Discretionary
- $526M
- Clients
- 40
- Avg AUM / client
- $13.2M
- Accounts
- 40
- Employees
- 24
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 40 | $526M | 100.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $256M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Constellation Brazil Us Fund Lp | Hedge Fund | Delaware | $256M | 27 |
People (14)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bartunek, Florian, (Nmn) | Chief Investment Officer, Executive Manager, And Director Of The Ltda | Jan 2004 (23y) | 25% – 50% | |
| Rodrigues, Alex, (Nmn) | Chief Compliance Officer, Executive Manager, And Director Of The Ltda | Jul 2007 (19y) | 5% – 10% | |
| Mandel, Stephen, Frank | Managing Member Of Lpi Brazil, Llc | Oct 2007 (19y) | GP / trustee / elected manager of Lpi Brazil, Llc (indirect) | |
| Magdaleno, Rodrigo, Addario | Executive Manager | Nov 2008 (18y) | Less than 5% | |
| Dumans, Eduardo, Fontenelle | Executive Manager | Dec 2018 (8y) | 5% – 10% | |
| Gomes, Candido, De Azeredo | Executive Manager | Dec 2018 (8y) | 5% – 10% | |
| Lima, Andre, De Souza | Executive Manager | Oct 2019 (7y) | 5% – 10% | |
| Apicella, Lucas, Barone | Executive Manager | Aug 2022 (4y) | Less than 5% | |
| Da Silva, Lucila, Prazeres | Executive Manager | Aug 2022 (4y) | Less than 5% | |
| Furlan, Victor, Angelo | Executive Manager | Aug 2022 (4y) | Less than 5% | |
| Pinheiro, Sergio | Executive Manager | Aug 2022 (4y) | Less than 5% | |
| Sboarine, Nathan, Benigno | Executive Manager | Aug 2022 (4y) | Less than 5% | |
| De Arruda, Phillipe, Braga | Executive Manager | Nov 2022 (4y) | Less than 5% | |
| Nunes, Larissa, Matias Correia | Executive Manager | Nov 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Constellation Holding Ltda | Owner | Jan 2004 | A | 75% or more |
| Lpi Brazil Llc | Owner | Dec 2011 | A | 5% – 10% |
| Lpi Investors I Llc | 100% Owner | Dec 2007 | B | ≈ 3.75% – 10% via Lpi Brazil Llc |
Estimated effective ownership (look-through of filed bands):
- Lpi Investors I Llc: 75% – 100% of Lpi Brazil Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $256M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Constellation Brazil Us Fund Lp | Hedge Fund | $256M | $100K | 27 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.26 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $391M (54% of AUM) Mar 2025
- Standard Chartered Plc $221M (15% of AUM) Mar 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗