Alerce Capital · est. 2015

Capital with a
summit view.

Independent asset manager focused on global growth and technology equities: businesses that compound earnings year after year. Our own capital invested side by side with our clients'.

Alerce Fund Limited · NAV
$1,153.87
As of Jun 2026 (USD)
Founded
2015
From family office in Malta to independent asset manager
Focus
Global growth
Growth and technology companies
Structure
Partnership
Own capital invested side-by-side

01 · About

Independence with a true north.

We are an independent asset manager, structured as a partnership, dedicated to international allocation and focused on major developed markets. We provide international capital with access to high-growth opportunities in the world’s leading financial centers, combining best-in-class corporate governance with genuine diversification.

Three pillars: frequent and direct access to international information, transparency with investors, and demystifying the global market for our clients.

02 · Performance

Alerce Fund Limited
vs. MSCI ACWI

The MSCI ACWI tracks more than 2,900 stocks across 23 developed and 24 emerging markets, the broadest benchmark used by global active managers. The chart below is rebased to 100 at January 2023 for a like-for-like comparison of the fund against the benchmark.

Alerce · Fund Limited

$1,153.87

USD · Jun 17, 2026

OFFSHORE
Day
+0.83%
12m
+10.61%
Since Jan/23
+76.75%

MSCI · ACWI Index

149.48

USD 1,128.30 · Jun 16, 2026

BENCHMARK
Day
−0.26%
12m
+15.70%
Since Dec/21
+49.48%

Performance · base 100 = Jan/2023

Performance since Jan 2023

Alerce Fund Ltd
MSCI ACWI
80109138166195JAN 23JUL 23JAN 24JUL 24JAN 25JUL 25JAN 26
Alerce since Jan/2023
+76.75%
ACWI since Jan/2023
+60.61%
Excess return
+16.13 pts
Last 12 months
+10.61%

Source: Alerce Capital · MSCI Inc. (ACWI USD). Performance net of fees. Past performance is not indicative of future results. Alerce Fund Limited is a Bahamas-domiciled professional fund. Not registered with the CVM in Brazil.

03 · Products

Two paths to global exposure.

A long-only fund for direct equity exposure, and a capital-protected structured note built with Julius Bär for risk-averse allocators. Different vehicles. Different mandates.

Offshore · Bahamas · USD

FUND

Alerce Fund Limited

Bahamas-domiciled long-only equity fund focused on global growth and innovation companies. Active management with a long-term perspective.

  • ↗Focus on global growth and innovation equities
  • ↗Rigorous fundamental analysis
  • ↗High-conviction active management
  • ↗USD-denominated · D+5 liquidity
Inception
Dec 2021
Minimum
USD 100,000
Currency
USD
Request a deck

Capital-protected · CHF / USD

STRUCTURED NOTE

Compass

A structured note issued by Julius Bär, designed alongside Alerce Capital. A different vehicle for a different mandate: capital preservation first, asymmetric upside second.

Compass is not a fund. It is a Julius Bär structured product distributed to qualified clients.

  • ↗Capital-protected wrapper (subject to Julius Bär credit risk)
  • ↗Multi-asset thematic allocation
  • ↗Defined tenor with periodic redemption windows
  • ↗Subscription via Julius Bär relationship managers
Issuer
Julius Bär
Wrapper
Structured note
Status
Tranche II closed
Inquire about Compass

04 · Team

Who carries
the rope.

NR
Nelson Rozental
FOUNDING PARTNER

Nelson Rozental is a founding partner of Alerce Capital and has built his career in private equity and long-term investing. He was an executive partner at GP Investimentos and later chaired the Board of BRZ Investimentos, where he structured funds focused on minority investments in small and medium-sized companies, infrastructure, agribusiness, and logistics. He has also served on investment committees and the boards of several Brazilian companies. Nelson holds an Engineering degree from UFRJ, a master's in Business Administration from COPPEAD, and completed Harvard Business School's OPM program. He currently chairs Alerce Capital's Strategic & Risk Committee.

RK
Ricardo Kobayashi
FOUNDING PARTNER · CIO

Ricardo Kobayashi is an investor with more than 25 years of experience in financial markets. Before co-founding Alerce Capital, he was Head of Equities at Vinci Partners, led Research at Banco Pactual, and served as Head of Equity Asset Management at UBS Pactual. He began his career in investor relations and planning at Aracruz Celulose and Lojas Americanas. Ricardo holds a degree in Economics from UnB and a Master of Investment Management from Thunderbird. He is currently CIO of Offshore Funds and Chair of Alerce Capital's Investment Committee.

MR
Marcelo Rozental
SOFTWARE & ADVERTISING

Marcelo Rozental is a Partner at Alerce Capital, where he covers technology companies with a focus on software and the internet. He has developed investment models and theses for companies including Meta, Amazon, Salesforce, and ServiceNow, as well as fintech businesses such as Coinbase, Upstart, and Shift4. Before joining Alerce, Marcelo worked as a Senior Consultant at EY on mergers and acquisitions, financial modeling, and restructuring projects. He holds an MBA in Finance from Columbia Business School and a bachelor's degree in Business Administration from IBMEC.

MV
Matheus Vital
HARDWARE · ROBOTICS · AI

Matheus Vital specializes in companies across hardware, robotics, artificial intelligence, semiconductors, and industrial automation. A mechanical engineer from UFRJ, he also earned a dual degree from École Centrale de Lyon. Matheus began his career at Technip, developing engineering solutions and improving operational processes, and later worked at ILOS in logistics consulting. His engineering background, combined with strong knowledge of financial mathematics and finance, supports a rigorous and analytical approach to investment research in complex technology sectors. He is fluent in English and French.

PL
Pedro Leme
INDULGENCE · FINTECH · LUXURY

Pedro Leme is a finance professional with experience in investment analysis, fund administration, compliance, and asset-management operations. His career includes roles at BTG Pactual, Grandprix Investimentos, and Optimum Capital, as well as investment analysis for the University of Miami's student-managed fund. He holds a Master of Science in Finance from the University of Miami, where he graduated as valedictorian, and a bachelor's degree in Production Engineering from PUC-Rio. His background combines fundamental analysis, valuation, risk controls, and the operational knowledge required to support investment teams.

PK
Paulo Kobayashi
RISK & COMPLIANCE · CHIEF AI OFFICER

Paulo Kobayashi works at the intersection of artificial intelligence, investment management, technology, and entrepreneurship. As Chief Artificial Intelligence Officer and Risk & Compliance Director at Alerce Capital, he leads the firm's AI strategy across investment research, operations, compliance, reporting, and decision-making. His work focuses on machine learning, large language models, agentic systems, and automation, with the governance and oversight required in a regulated environment. Before Alerce, Paulo built companies and projects across software development, digital transformation, communications, and audiovisual production.

MS
Matheus Seixas
BACK OFFICE ANALYST · CPA-20 · CNPI

Matheus Seixas is a Back-Office Analyst at Alerce Capital, where he supports the operational control of Brazilian and offshore investment funds. His responsibilities include reviewing fund valuations, preparing monthly reports, liaising with administrators, and developing Python-based tools that support the investment team. Before entering finance, Matheus trained as a physicist, earning a bachelor's degree from UERJ and a master's degree from PUC-Rio. He also holds the CPA-20 and CNPI certifications, and applies his quantitative background to reporting and process improvement.

05 · Contact

Let’s talk.

Interested in Alerce Fund Limited or the Compass structured note? Fill out the form and a partner will respond directly.

OFFICE

Rio de Janeiro · Brazil

COMPASS · JULIUS BÄR

For Compass subscription inquiries, please also reach out to your Julius Bär relationship manager.