FUNDS · FCL OPPORTUNITIES
FCL Opportunities FIA IE.
CVM-authorized
Since 2017
Qualified investors
CVM-authorized global equity fund applying FCL's investment philosophy through a vehicle available to qualified investors since 2017.
The thesis
FCL Opportunities is our flagship fund, operational since 2017. It invests in global equities with a focus on quality compounders — businesses with durable competitive advantages, high returns on invested capital, and long reinvestment runways. The portfolio is concentrated, typically 15–25 positions, and managed with significant tracking error versus the ACWI benchmark.
The fund is denominated in BRL but invests primarily in USD-denominated assets. Long-term dollar compounding is an explicit objective.
Target investor
Qualified individual or institutional investor seeking long-term global equity exposure through a CVM-regulated vehicle. The fund is suited for patient capital with a multi-year horizon.
Track record
FCL Opportunities has operated through multiple market cycles since 2017, including the 2020 COVID dislocation, the 2022 inflation repricing, and the 2025 regime transition. Historical NAV reports and investor letters covering each period are available to qualified investors on request.
FUND DETAILS
Regulator
Structure
Inception
Currency
Management fee
Performance fee
Minimum investment
Liquidity
Administrator
Auditor
CVM
FIA · Investor Qualified
2017
BRL
2.0% p.a.
20% over US CPI + 2.5%
R$ 10,000
D+19 / D+21 payment
Brasil Plural
Deloitte
INVEST HERE
How to invest in FCL Opportunities
For qualified investors resident in Brazil. Minimum initial investment R$ 10,000. Redemptions are priced at D+19 and paid at D+21.
THREE STEPS
1. Pick a platform. Use the one where you already hold an account, or open one in minutes.
2. Find the fund. Search for FCL Opportunities or CNPJ 26.846.429/0001-98.
3. Invest, or ask us to. Send us your CPF and account number and we place the request for you.
WHERE TO INVEST
Nova Futura. Open an account online, transfer by TED or Pix, then apply under investment funds.
BTG Pactual. Ask your BTG advisor, or us, to enable the fund on your account.
XP. XP Private clients only. Speak to your XP advisor.
Another platform, or none. Write to info@fclcapital.com and we point you to the fastest route.
FUND DOCUMENTS