Brazilian investment manager, Captalys, launches its first offshore fund

Brazilian investment manager - Landscape, Sol, Horizon, Panorama, Brazil, Afternoon

Brazilian investment manager, Captalys, launches its first offshore fund with the support of Apex Fund Services as administrator.

Captalys has BRL 1.5BN in AUM and invests in Brazilian private credit. The onshore fund has a six-year track-record (returning 20.2% last year and 19.3% in 2015) and started 2017 positively, gaining 1.7% in January. The recently launched offshore fund, Captalys Private Credit USD, is registered in the Cayman Islands and will operate a credit vehicle with a partial currency hedge to protect against the Brazilian real.

Running the new fund, which has launched with around $10m, is portfolio manager Douglas Shibayama, who has been with the firm over four years.  The new fund gained initial investment from Tampa-based US family office, BayShore Capital.

Andre Pina, Head of Funds for Captalys, commented on the funds’ reason for choosing Apex, “We spoke with many service providers, and ultimately, Apex had the best market knowledge, solid systems and controls, experience with Brazilian fund managers, and ability to work with us to get the fund launched within the investors’ requested time table.  Overall, it has been a very positive experience”.

Matias Gaitán, Managing Director, Apex Uruguay said, “The global connectivity and local expertise Apex provides, through offices in 32 locations around the world, enables us to deliver solid and experienced support to manager s looking to launch a fund in any jurisdiction. Our Uruguay and Cayman offices will work closely to deliver the solutions  required to administer the Captalys Private Credit USD fund. The team at Captalys have already secured investment from a US based family office and we look forward to supporting them in their future growth success”.

About Captalys:

Captalys is a Brazilian credit-oriented alternative asset manager, focused on protecting and growing its investors’ capital by providing companies with more intelligent credit alternatives. We structure, originate and manage private debt and special opportunity investments that provide consistently superior risk-adjusted returns for our investors and sustainable capital to companies by bringing together cutting-edge technology with extraordinary people.   

About Apex Fund Services:

Apex Fund Services, established in Bermuda in 2003, is one of the world’s largest specialist fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain; from information delivery and regulatory products to capital introduction services. The globally distributed service model is delivered by over 600 staff across 32 offices. Apex now administers the investments of some of the largest funds and institutional investors in the world.

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