July 2026
Largest Investment Banking Public Companies in Brazil
Benchmark revenue and EBITDA valuation multiples for public comps like
Itaú, Banco BTG Pactual, Patria Renda Urbana FII, Fundo Invest Imobiliario Shopping Parque Dom Pedro and BRBI BR Partners.
 | Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system. | $9 | +47% | $94B | $144B | 4.5x | - | ||
| Banco BTG Pactual S.A. is a Brazil-based banking firm. It offers financial products and services regarding commercial, investments, credit, financing, capital leases, insurance, and foreign exchange portfolios, among others, in the country and several locations abroad. | -- | -- | $38B | $51B | 5.0x | - | ||
| Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Ltd formerly Credit Suisse Hedging-Griffo CV SA is engaged in the development of urban real estate projects for institutional and commercial use, that potentially generate income through sale, lease, or rental, prioritizing the acquisition of institutional or commercial real estate projects other than office buildings, shopping malls, or logistics facilities. | $25 | +5% | $576M | $514M | 11.0x | 13.5x | ||
| Fundo Invest Imobiliario Shopping Parque D Pedro, formerly Fundo de Investimento Imobiliario Shopping Parque D Pedro is a real estate investment fund. | $271 | -- | $389M | $389M | - | - | ||
| BRBI BR Partners SA, formerly BR Advisory Partners Participacoes SA, is engaged in investing in other companies, domestic or foreign, as a partner, quota holder, or shareholder, and management of its assets. It has a single reportable segment being investment banking services, which are administered and managed according to the products offered. | -- | -- | $385M | $2.3B | 0.9x | 48.2x | ||
| Fundo DE Investimento Imobiliario VBI Prime Properties is a real estate investment trust in the commercial buildings segment. | $14 | -1% | $383M | $366M | 8.5x | 7.3x | ||
| Rbr Alpha Multiestrategia Real Estate Fundo DE Inv Imob, formerly RBR Alpha Fundo de Fundos Fundo de Investimento Imobiliario is a real estate investment trust engaged in real estate sector. | $2 | +26% | $215M | $215M | 29.5x | - | ||
| Valora Cri Indice DE Preco Fundo DE Investimento Imobiliario is a closed-end fund. | $16 | 0% | $184M | $184M | 7.6x | - | ||
| Capitania HBC Renda Urbana Fundo de Invest Imobiliario Response Ltd formerly Hbc II Fundo De Investimento Imobiliario operates as a real estate investment fund. | $2 | +156% | $132M | $100M | 10.4x | 10.0x | ||
| Raizz Renda Logistica Fundo De Investimento Imobiliario formerly Fundo DE Investimento Imobiliario - BRL Prop II is a real estate investment trust. The company's purpose is to obtain income and capital gains through the exploration of real estate projects in the logistics sector. | $25 | +39% | $131M | $118M | 7.6x | 8.0x | ||
| AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario invests resources in real estate projects to provide the shareholder with income and capital gains arising from investment, primarily in Target Assets and, secondarily, in Financial Investments. | $19 | +7% | $89M | $89M | 9.0x | - | ||
| Alianza Credito Imobiliario Fundo De Investimento Imobiliario formerly Sig Capital Recebiveis Pulverizados Fundo De Investimento Imobiliario is a Real Estate Investment Fund (FII) that operates in the Bonds and Securities area. | $1 | +413% | $29M | $29M | 15.7x | - | ||
| Fundo de Investimento BM Brascan Lajes Corporativas - FII is a real estate investment trust. The Fund aims to invest in real estate developments, through the acquisition and exploitation of commercial properties, ready or under construction, land, parking spaces or other types of properties where commercial enterprises can be developed. | $20 | +4% | $20M | $20M | - | - | ||
| Median | $16 | +16% | $215M | $215M | 8.5x | 10.0x |
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