XP Investments Completed Fundraising of R$ 590 Million for the Electric Sector

Written by Bruno Teles

Published on 20/06/2023 at 00:20

Foto: XP investimentos

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On Monday, the 19th, XP Investimentos announced that it has completed the fundraising of 590.634 million reais for the Newave Capital fund, which is the Brazilian investment manager focused on the electricity sector currently operating in the country and Latin America.

The Newave Energia I Advisory will invest in Newave Energia, the company that builds solar and wind power plants and also sells small and medium enterprises in the free market. According to XP Investimentos, the fund’s executive distributor, the fundraising attracted about 10,000 investors, and its substantial amount set a record for the infrastructure fund focusing on the energy sector.

Newave Energia counts Gerdau as a major investor and also consumer of energy with a 33.33% stake. It is worth noting that Gerdau is a technology innovation company from the steel group. However, Newave Capital holds the remaining 66.67%. Newave Capital was founded in 2022 by Edgard Corrochano and a partner known as Cláudio Ferreira, in partnership with XP Investimentos.

About The Company

XP Investimentos is a financial institution authorized to operate by the Central Bank of Brazil. The company specializes in what they do, assisting in decision-making about investments, always in accordance with the clients’ objectives and profiles.

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XP Investments Completed Fundraising of R$ 590 Million for the Electric Sector

On Monday, the 19th, XP Investimentos announced that it has completed the fundraising of 590.634 million reais for the Newave Capital fund, which is the Brazilian investment manager focused on the electricity sector currently operating in the country and Latin America.

About The Company

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XP Investments Completed Fundraising of R$ 590 Million for the Electric Sector

On Monday, the 19th, XP Investimentos announced that it has completed the fundraising of 590.634 million reais for the Newave Capital fund, which is the Brazilian investment manager focused on the electricity sector currently operating in the country and Latin America.

About The Company

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China showcases robot dogs that act in groups like a coordinated pack, make decisions together, and could change the way modern wars operate.

An aquatic seed consumed for centuries in Asia is going viral in the West after studies highlighted its antioxidant compounds and potential anti-inflammatory properties. It pops like popcorn, has low fat content, and is already being called the new functional snack.

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