Ricardo Fernandez

Ricardo Fernandez is a prominent figure in the Brazilian private equity industry, serving as the Founder and Managing Partner of Signal Capital, an alternative asset management company based in Rio de Janeiro, Brazil.12

Career Background

Ricardo Fernandez founded Signal Capital in August 2020 after acquiring Hamilton Lane's operations in Brazil.2 Prior to establishing Signal Capital, he led Hamilton Lane's Latin American strategy for 10 years, demonstrating his extensive experience in the region's private equity landscape.2

Signal Capital

Under Fernandez's leadership, Signal Capital has grown to manage approximately R$1.5 billion in assets.2 The firm focuses on:

• Secondaries
• Co-investments
• Funds of funds strategies

Signal Capital primarily operates across Latin America, with a particular emphasis on the Brazilian market.1

Recent Developments

In March 2024, BTG Pactual, Latin America's largest investment bank, acquired 100% of Signal Capital.2 This acquisition is part of BTG's strategy to expand its private equity business and become the largest alternative investment manager in Latin America. Following the acquisition, Fernandez will continue to lead the business, integrating Signal's team into BTG Pactual Asset's operations.2

Education and Background

Fernandez has an international educational background. He grew up in Brazil, studied in Spain, and also spent time in the United States.34 This diverse experience likely contributes to his global perspective on private equity investments.

Professional Approach

Fernandez is known for continuously updating his views on the private equity landscape in Brazil, adapting to the ever-changing financial environment.5 His leadership at Signal Capital focuses on exploring opportunities in the secondary market, co-investments, and capital solutions.2