BNDESpar

BNDESpar is a fund of funds based in Rio De Janeiro, Brazil. Established in 1982, the firm is the investment arm and wholly-owned subsidiary of the Public Federal company Banco Nacional de Desenvolvimento Economico e Social (BNDES). The firm specializes in direct and fund-of-funds investments and seeks to invest in private equity, venture capital, and debentures. The firm prefers to make transitory investments exiting its investments after a period of five to seven years but might consider longer periods of investment as well. The investments of the firm are managed by the executive management team.