Largest private equity funds in Brazil
The 10 private equity funds based in Brazil reporting the most capital raised on their latest Form D. Amount raised is cumulative sales, not current assets.
Fund
First sale
Raised
Investors
Minimum
Offering
Lumina Strategic Solutions Feeder Fund III, LP
Sao Paulo, BrazilOffshore
First saleDec 2025
Raised$753M
Investors10
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Feeder Fund III-1, LP
Sao Paulo, BrazilOffshore
First saleDec 2025
Raised$290M
Investors5
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (B)-1, LP
Sao Paulo, BrazilOffshore
First saleDec 2025
Raised$60.2M
Investors4
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (B), LP
Sao Paulo, BrazilOffshore
First saleDec 2025
Raised$59.0M
Investors2
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (A), LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$23.9M
Investors7
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (C), LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$20.0M
Investors1
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (A)-1, LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$12.0M
Investors2
MinimumNone set
Offering506(b)
Aquamarine II Feeder LP
Sao Paulo, BrazilEmergingOffshore
First saleAug 2024
Raised$5.9M
Investors2
Minimum$900K
Offering506(b)
Upload Global LLC, Series IOT
Sao Paulo, BrazilEmergingOffshore
First saleNov 2024
Raised$2.3M
Investors4
MinimumNone set
Offering506(b)
Lumina Strategic Solutions Fund III (C)-1, LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$1.0M
Investors1
MinimumNone set
Offering506(b)