Publications

Two notable cases help us understand investment decisions in high-growth contexts. On the one hand, Accel's decision to enter Facebook early, resulting in one of the highest multiples on invested capital in the history of venture capital. On the other, Peter Thiel's regret for not having followed...

After a challenging period, the cement and concrete sectors have resumed their growth cycle. The heated demand for new construction projects, combined with advances in technology and decarbonization goals, have driven the production of concrete, cement and the transformation of the industry as a whole. In today's pill, we explore the...

In recent months, two developments have attracted attention in the Brazilian capital market: Fictor Alimentos announced the acquisition of listed company Atompar (ATOM3) and REAG Investimentos acquired control of GetNinjas (NINJ3). Companies that want to go public usually resort to an initial public offering (IPO). Despite this, these two...

The S&P 500, the leading barometer of the U.S. stock market, transcends borders, reflecting the structural transformations of the global economy over time. Its sectoral composition evolves in response to the emergence of new technologies, the reinvention of established sectors, and market dynamics. Analyzing these transformations is crucial...

The delivery market in Brazil has seen accelerated growth of over 30% per year since 2019, with no signs of slowing down in the coming years. Projections indicate that the sector could reach a GMV of up to USD 28 billion by 2029, driven mainly by increased user penetration...

Biodiesel is a renewable and sustainable fuel that plays a strategic role in the global energy transition. With an annual consumption of 54 billion liters, it is a viable solution to reduce pollutant emissions and partially replace fossil diesel in traditional engines. In Brazil, biodiesel is crucial to achieving energy efficiency goals.