# Fama Re.capital Ltda

> Fama Re.capital Ltda is an SEC-registered investment advisory firm in Sao Paulo, Brazil, registered since 2008, reporting under $25 million in regulatory assets under management in its Form ADV filing dated April 1, 2026.

- CRD: 148198
- Filed as: FAMA RE.CAPITAL LTDA
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sao Paulo, Brazil
- Filing period: October 2026
- Form ADV filing dated: April 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148198
- AdvisorCensus page: https://advisorcensus.com/firm/fama-re-capital-ltda-sao-paulo-148198

## Quick answers

**How is Fama Re.capital Ltda compensated?**
On its Form ADV (Item 5.E, October 2026), Fama Re.capital Ltda reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Fama Re.capital Ltda located?**
Fama Re.capital Ltda's principal office is in Sao Paulo, Brazil, according to its Form ADV.

**Is Fama Re.capital Ltda registered with the SEC or a state?**
Fama Re.capital Ltda is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 148198.

**How much does Fama Re.capital Ltda manage?**
Fama Re.capital Ltda reports $16,300,928 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (100% discretionary).

**How have Fama Re.capital Ltda's assets and staff changed since 2021?**
In the Form ADV data for Fama Re.capital Ltda: Regulatory assets under management: $513,917,711 in the October 2021 data and $16,300,928 in the October 2026 data, down 97%. Total employees: 16 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fama Re.capital Ltda serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Fama Re.capital Ltda report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/148198

**What changed in Fama Re.capital Ltda's recent Form ADV filings?**
In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $16,300,928
- Discretionary: $16,300,928
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $16,300,928 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2008 (17 years)
- Employees: 17 total, 10 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- famarecapital.com
- Instagram @famarecapital
- LinkedIn @fama-recapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $513,917,711 | 16 | March 25, 2021 |
| October 2022 | $354,172,129 | 14 | March 22, 2022 |
| October 2023 | $148,906,171 | 13 | March 29, 2023 |
| October 2024 | $123,024,968 | 15 | March 21, 2024 |
| October 2025 | $11,912,866 | 15 | April 1, 2025 |
| October 2026 | $16,300,928 | 17 | April 1, 2026 |

Regulatory assets under management: $513,917,711 in the October 2021 data and $16,300,928 in the October 2026 data, down 97%.
Total employees: 16 in October 2021 and 17 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 9 to 10.
- Regulatory assets under management went from $11,912,866 to $16,300,928 (+37%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fama Re.capital Ltda (CRD 148198): Form ADV filing data as of October 2026.