Overview
A. The Adviser is a Connecticut limited liability company and has its principal place of business located in
Greenwich, CT. The Adviser provides discretionary investment advisory and sub-advisory services to
private investment funds for sophisticated, qualified investors (the “Funds” or the “Clients”). As a
registered investment adviser, the Adviser owes a fiduciary duty to all of its clients. In 2006, the decision
by the Court of Appeals for the D.C. Circuit in Goldstein v. SEC, 451 F.3d 873 (D.C. Cir. June 23, 2006), with
respect to private funds, clarified that the “client” of an investment adviser to a private fund is the fund
itself and not an investor in the fund.
The Adviser was formed in 2017 by its founder, Carlos Gustavo Ribeiro Fernandes (the “Principal”).
B. The Adviser seeks to generate absolute returns while minimizing volatility through pursuing a long-term
strategy.
C. While each of its Clients
will follow the general strategy stated above, the Adviser may tailor the specific
advisory services with respect to each Client based on the particular investment objectives and strategies
described in the applicable Client’s (i) confidential offering memorandum or separate account agreement
(as applicable) and (ii) governing documents (referred to collectively as “Offering Documents”).
All discussion of the Clients in this Brochure, including but not limited to their investments, the
strategies used in managing the Clients, and conflicts of interest faced by the Adviser in connection with
the management of the Clients are qualified in their entirety by reference to each Client’s respective
Offering Documents.
D. The Adviser does not participate in wrap fee programs.
E. As of 12/31/23, the Adviser manages $474,967,214 in discretionary assets and $0 in non-discretionary
assets.