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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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They offer products from different financial institutions in the market, including international exposures. They work with great commitment to the needs of the client. Furthermore, they ensure the transparency and efficiency of the advisory.
However, XP Investimentos has the motto of being a reference by doing things right the right way. They also seek to innovate sustainable solutions through the financial market, aiming to inspire and engage people to become protagonists in relation to investments. LEARN MORE.
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