André Caldas

Planner Corretora de Valores SA is the securities brokerage subsidiary of Planner Holding Financeira SA in Brazil. Headquartered in São Paulo, the firm was founded in 1995 and provides a full spectrum of brokerage services to retail and institutional clients.

TRÓPICO Investimentos e Participações Ltda. (TRÓPICO Investimentos) is an independent Brazilian asset management firm which was established in 2002. Formerly known as Orbe Investimentos e Participações Ltda., the firm is located in Sao Paulo and specializes in long-term investments focused on variable-income securities.They are active investment partners and seek to create value in their investee firms.

Rio Bravo Investimentos Ltda. (Rio Bravo) is an asset manager headquartered Sao Paulo, Brazil. The firm was founded by Gustavo Franco and Paulo Bilyk in 2000. They are owned by Rio Bravo Asset Management Participações SA, which is owned by Fosun International Holdings Ltd. in British Virgin Islands. Rio Bravo offers investment funds for institutional investors.

Sul América Investimentos DTVM SA (Sul América Investimentos) is the Brazilian asset management subsidiary of Sul América Companhia de Seguro Saude, ultimately held by Sul América SA (SP: SULA11). Established in 1996 as Sul América Investimentos Distribuidora de Títulos e Valores Mobiliários SA, the firm became Sul America Investimentos DTVM SA in 1998. Sul América Investimentos is based in Sao Paulo. The firm has been in a strategic partnership with ING Group since 2002 and provides asset management services such as mutual funds, exclusive funds and managed portfolios to a range of clients including pension funds, insurance companies, financial institutions, family offices, brokers and distributors and high-net worth individuals.

Part of Leblon Investimentos Ltda., Solis Investimentos Ltda. The company is based in São Paulo, Brazil. is a Brazilian resource manager specializing in investment funds in creditory law.