{ "crd_number": 160366, "slug": "squadra-investments-gestao-de-recursos-ltda-rio-de-janeiro-160366", "primary_business_name": "SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA.", "legal_name": "SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA.", "dbas": [], "city": "Rio de Janeiro", "state": null, "country": "Brazil", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-30", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 2081656000.0, "raum_discretionary": 2081656000.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 27, "advisory_employees": 23, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 151540000.0, "count": 1, "description": "ENDOWMENT", "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 1504760000.0, "count": 7 }, "sovereign_wealth_foreign_official": { "raum": 425356000.0, "count": 1, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 1, "states_registered": [], "websites": [ "https://squadrainvestments.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160366", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" } ], "city_as_filed": "RIO DE JANEIRO", "url": "https://advisorcensus.com/firm/squadra-investments-gestao-de-recursos-ltda-rio-de-janeiro-160366", "display_name": "Squadra Investments - Gestao de Recursos Ltda.", "summary": "Squadra Investments - Gestao de Recursos Ltda. is an SEC-registered investment advisory firm in Rio de Janeiro, Brazil, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Squadra Investments - Gestao de Recursos Ltda. (CRD 160366): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Squadra Investments - Gestao de Recursos Ltda. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Squadra Investments - Gestao de Recursos 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." }, { "q": "Where is Squadra Investments - Gestao de Recursos Ltda. located?", "a": "Squadra Investments - Gestao de Recursos Ltda.'s principal office is in Rio de Janeiro, Brazil, according to its Form ADV." }, { "q": "Is Squadra Investments - Gestao de Recursos Ltda. registered with the SEC or a state?", "a": "Squadra Investments - Gestao de Recursos Ltda. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160366." }, { "q": "How much does Squadra Investments - Gestao de Recursos Ltda. manage?", "a": "Squadra Investments - Gestao de Recursos Ltda. reports $2,081,656,000 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Squadra Investments - Gestao de Recursos Ltda.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Squadra Investments - Gestao de Recursos Ltda.: Regulatory assets under management: $1,751,605,083 in the October 2021 data and $2,081,656,000 in the October 2026 data, up 19%. Total employees: 25 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Squadra Investments - Gestao de Recursos Ltda. serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); sovereign wealth funds and foreign official institutions (1); other (1)." }, { "q": "Which custodians does Squadra Investments - Gestao de Recursos Ltda. use?", "a": "Squadra Investments - Gestao de Recursos Ltda.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon and Citi as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Squadra Investments - Gestao de Recursos Ltda. report any disciplinary disclosures?", "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160366" }, { "q": "What changed in Squadra Investments - Gestao de Recursos Ltda.'s recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $1,412,824,652 to $2,081,656,000 (+47%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1751605083.0, "total_employees": 25, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1428925302.0, "total_employees": 28, "filing_date": "2022-03-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1624303975.0, "total_employees": 26, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2309248543.0, "total_employees": 26, "filing_date": "2024-03-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1412824652.0, "total_employees": 28, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2081656000.0, "total_employees": 27, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $1,412,824,652 to $2,081,656,000 (+47%).", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "BNY Mellon", "name_as_filed": "BNY MELLON", "affiliated": false }, { "name": "Citi", "name_as_filed": "CITI", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/squadra-investments-gestao-de-recursos-ltda-rio-de-janeiro-160366.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 7, "fewer_than_5": false, "raum": 1504760000.0 }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 1, "fewer_than_5": true, "raum": 425356000.0 }, { "type": "other", "label": "Other", "count": 1, "fewer_than_5": true, "raum": 151540000.0 } ], "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160366", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }