According to Annex E of CVM Resolution No. 21/2021
With some exceptions, the information provided in this form is based on positions as of March 2025.
1. Identification of the Persons Responsible for the Content of the Form
Name | Position |
|---|---|
Heloísa Lourenço Ishii | Director of Securities Portfolio Management |
Marília Bueno Poletti | Director of Compliance and Risk Management |
1.1. Directors' Statements
The directors responsible for the administration of securities portfolios and for the implementation and enforcement of internal rules, procedures, and controls certify that:
a. they reviewed the reference form; and
b. the set of information contained therein is a true, accurate, and complete picture of the company's structure, business, policies, and practices.
Company history
a. the main corporate events, such as incorporations, mergers, spin-offs, sales, and acquisitions of corporate control | Not applicable. |
b. scope of activities | Not applicable. |
c. human and computer resources | Not applicable. |
d. rules, policies, procedures, and internal controls | Not applicable. |
Human resources
3.1. Describe the company's human resources, providing the following information:
a. number of partners | Futurum Gestão has only one partner, FTRM Group S.A. |
b. number of employees | 03 |
c. number of outsourced workers | 03 |
d. indicate the sector of activity of the directors responsible for the administration of securities portfolios and the respective certification exams taken for the purposes of art. 3, III, c/c art. 4, III, of Resolution 21/2021 | Ms. Heloísa Lourenço Ishii works in the venture capital, retail, and real estate fund sectors, holding ANBIMA Manager Certification (CGA), ANBIMA Manager Certification for structured funds (CGE), and ANBIMA Professional Certification Series 20 (CPA-20). |
e. List of natural persons who are registered with the CVM as portfolio managers and who act exclusively as appointees, employees, or partners of the company, as well as their respective sectors of activity | Only Ms. Heloisa Lourenço Ishii is registered with the CVM as a portfolio manager, pursuant to CVM declaratory act No. 21,266/2023. |
Auditors
4.1. With regard to independent auditors, indicate, if any:
a. company name | Not applicable. |
b. date of service engagement | Not applicable. |
c. description of the contracted services | Not applicable. |
Financial resilience
5.1. Based on the financial statements, certify:
a. whether revenue from fixed-base fees referred to in item 9.2.a is sufficient to cover the company's costs and investments in the securities portfolio management activity | Although we are already in the operational phase, revenue from fixed bases is still not sufficient to cover all costs. The investment required to structure Futurum Gestão de Ativos comes from the partner's investment. |
b. whether the company's equity represents more than 0.02% of the financial resources under management referred to in item 6.3.c and more than R$ 300,000.00 (three hundred thousand reais) | Yes, more than 0.02% of the financial resources under management, but less than R$ 300,000.00. |
Scope of activities
6.1. Describe in detail the activities developed by the company, indicating at least:
a. types and characteristics of the services provided (discretionary management, estate planning, controllership, treasury, etc.) | Futurum Gestão operates in the discretionary management of investment funds. |
b. types and characteristics of the products managed or administered (investment funds, private equity investment funds, real estate investment funds, receivables investment funds, index funds, investment clubs, etc.) | Futurum Gestão may act in the management of investment funds in liquid assets and private equity investment funds. |
c. types of securities subject to administration and management | Investment fund units, shares, government bonds, and company quotas. |
d. whether it engages in the distribution of fund units of which it is the administrator or manager | No. |
6.2. Briefly describe other activities carried out by the company that are not securities portfolio management activities, highlighting:
a. the potential conflicts of interest existing between such activities; and | Futurum Capital is dedicated exclusively to the activity of asset management, Docusign Envelope ID: D08D4B52-EA6B-45D4-AC7C-8FABD82462B9 so there are no conflicts of interest between the activities performed. |
b. information about the activities carried out by controlling, controlled, affiliated, and common-control companies of the manager and the potential conflicts of interest existing between such activities. | There are no conflicts of interest between the activities carried out by controlling, controlled, affiliated, and common-control companies of the manager. |
6.3. Describe the profile of investors in funds managed by the company, providing the following information:
a. number of investors (total and divided between funds and portfolios intended for qualified and non-qualified investors) | 08 |
b. number of investors, divided by: | 0 |
i. natural persons | 04 |
ii. legal entities (non-financial or institutional) | 0 |
iii. financial institutions | 0 |
v. closed complementary pension entities | 0 |
vi. own social security regimes | 0 |
vii. insurance companies | 0 |
viii. capitalization and leasing companies | 0 |
ix. investment clubs | 0 |
x. investment funds | 04 |
xi. non-resident investors | 0 |
xii. others (specify) | 0 |
c. financial resources under management (total and divided between funds and portfolios intended for qualified and non-qualified investors) | R$ 33.173.260,57 |
d. financial resources under management invested in financial assets abroad | 0 |
e. financial resources under management of each of the 10 (ten) largest clients (it is not necessary to identify the names) | R$ 33.173.260,57 |
f. financial resources under management, divided among investors: | 0 |
i. natural persons | R$ 2.000.000,00 |
ii. legal entities (non-financial or institutional) | 0 |
iii. financial institutions | 0 |
iv. open complementary pension entities | 0 |
v. closed complementary pension entities | 0 |
vi. own social security regimes | 0 |
vii. insurance companies | 0 |
viii. capitalization and leasing companies | 0 |
ix. investment clubs | 0 |
x. investment funds | R$ 20.750.000,00 |
xi. non-resident investors | 0 |
xii. others (specify) | 0 |
6.4. Provide the amount of financial resources under management, divided among:
a. shares | 0 |
b. debentures and other fixed-income securities issued by non-financial legal entities | 0 |
c. fixed-income securities issued by financial legal entities | 0 |
d. units of equity investment funds | 0 |
e. units of private equity investment funds | R$ 22.673.260,57 |
f. units of real estate investment funds | 0 |
g. units of receivables investment funds | 0 |
h. units of fixed-income investment funds | 0 |
i. units of other investment funds | 0 |
j. derivatives (market value) | 0 |
k. other securities | 0 |
l. government bonds | 0 |
m. other assets | 0 |
6.6. Provide other information that the company deems relevant
Not applicable.
Economic group
7.1. Describe the economic group to which the company belongs, indicating:
| The direct controller of Futurum Gestão is FTRM Group S.A. The indirect controllers are Messrs. Fábio Fakri Ferreira Braga, Giancarlo Barone, Guilherme Stocco Filho, and Eduardo Capobianco May Zaidan. |
b. controlled and affiliated companies | FUTURUM WEALTH MANAGEMENT LTDA (CNPJ 57.926.227/0001-80 |
c. | Not applicable. |
d. company holdings in companies of the group | Not applicable. |
e. holdings of group companies in the company | common-control companies. Futurum Gestão has only affiliated companies, namely: Futurum Developer Consultoria Ltda. (CNPJ 40.560.270/0001-71), Docusign Envelope ID: D08D4B52-EA6B-45D4-AC7C-8FABD82462B9 Futurum Tech Ltda. (CNPJ 49.962.811/001-62), Futurum Education Ltda. (CNPJ 52.023.194/0001-44), Futurum Hub Locação de Escritórios Ltda. (CNPJ 41.698.955/0001-41 ), Futurum FX LTDA (CNPJ 55.072.954/0001-00). |
7.2. If the company wishes, insert an organizational chart of the economic group to which the company belongs, provided it is compatible with the information presented in item 7.1.
Operational and administrative structure
8.1. Describe the company's administrative structure, as established in its bylaws or articles of incorporation and internal rules, identifying:
a. duties of each body, committee, and technical department | Futurum Gestão is managed by Administrators, appointed under its articles of association and empowered to act on behalf of the company. The technical department, led by the administrator responsible for portfolio management, is made up of both the management team and the research team (research). The Compliance and Risk Management department is led by the administrator responsible for Compliance and risk management. |
b. with regard to committees, their composition, the frequency with which their meetings are held, and the way their decisions are recorded | The technical department meets at least weekly to assess investment theses and approve possible investments The Compliance Department and the Risk Management Department meet at least weekly to assess issues related to internal controls or risks. In addition to the internal meetings of each department, at least monthly the technical department and the Compliance and Risk Management departments meet to discuss the main events that occurred at Futurum Gestão during that period and assess whether changes to the company's policies or procedures are necessary. |
c. with regard to board members, their responsibilities and individual powers | The management of Futurum Gestão is the responsibility of 5 administrators, elected in the company's articles of association for an indefinite term. Documents signed by the company require the signature of 2 administrators together. Responsibilities and powers of each administrator: Heloísa Lourenço Ishii – administrator responsible for asset management Alexsander Stanisci – administrator without specific designation Marília Bueno Poletti – administrator responsible for Compliance and Risk Management Eduardo Capobianco May Zaidan – administrator without specific designation Giancarlo Barone – administrator without specific designation |
8.2. If the company wishes, insert an organizational chart of the company's administrative structure, provided it is compatible with the information presented in item 8.1.
8.3. With regard to each of the directors referred to in items 8.4, 8.5, 8.6, and 8.7 and members of company committees relevant to securities portfolio management activity, indicate, in table form:
a. name | Heloísa Lourenço Ishii |
b. age | 30 |
c. profession | Asset Manager |
d. CPF or passport number | 354.232.198-25 |
e. position held | Administrator responsible for asset management |
f. date of appointment | 24/07/2023 |
g. term of office | Indefinite |
h. other positions or functions exercised at the company | None |
a. name | Marília Bueno Poletti |
b. age | 42 |
c. profession | Lawyer |
d. CPF or passport number | 301.800.198-21 |
e. position held | Director of Compliance and Risk Management |
f. date of appointment | 29.11.2022 |
g. term of office | Indefinite |
h. other positions or functions exercised at the company | Head of Legal |
a. name | Alexsander Stanisci |
b. age | 53 |
c. profession | Business administrator |
d. CPF or passport number | 125.503.948-52 |
e. position held | Director without Specific Designation |
f. date of appointment | 03.04.2024 |
g. term of office | Indefinite |
h. other positions or functions exercised at the company | He also works in the commercial area and is responsible for the relationship with the management of the Gestora's sole partner. |
8.4. With regard to the directors responsible for the administration of securities portfolios, provide:
a. résumé, containing the following information:
i. completed courses | Bachelor's degree in International Relations – Federal University of Santa Catarina (UFSC)Academic exchange focused on business – Queenland University of Technology (QUT) |
ii. passing a professional certification exam | CGA (ANBIMA Managers Certification); CGE (ANBIMA Managers Certification for structured funds); and CPA-20 (ANBIMA Professional Certification Series 20) |
iii. main professional experiences during the last five years, indicating: ● company name ● position and duties inherent to the position ● company's main activity in which such experiences occurred ● dates of entry and exit from the position | Futurum Capital Gestora de Recursos July 2023 - presentMérito Investimentos - DTVMInvestor Relations Analyst – responsible for fund distribution and unitholder relationsReal Estate Fund Management June 2023 to July 2023XP Inc – XPInvestment Analyst – responsible for advising approximately R$200 million in custody of individual clients, portfolio allocation, and asset distribution.Brokerage firm February 2021 to January 2023B2W Digital (Americanas S.A.)Trainee and Senior Commercial Analyst – responsible for relationship management and sales strategy in e-commerce for partners, in addition to all tasks of the Trainee Program.MarketplaceJanuary 2020 to January 2021Olist – Digital ServicesRelationship Analyst – responsible for partner relationship management and onboarding on the platform.MarketplaceAugust 2018 to February 2019 |
8.5. With regard to the director responsible for the implementation and enforcement of internal rules, policies, procedures, and controls, provide:
a. résumé, containing the following information:
i. completed courses | Bachelor's degree in Law - Pontifical Catholic University of São Paulo (2001-2005) Postgraduate degree, Contract Law - Pontifical Catholic University of São Paulo (2006-2007) Accounting for non-accountants – COAD Education (2021-2021) Contract Law (2021-2021) – HarvardX |
ii. passing a professional certification exam (optional) | OAB No. 249.294 |
iii. main professional experiences during the last five years, indicating: ● company name ● position and duties inherent to the position ● company's main activity in which such experiences occurred ● dates of entry and exit from the position | Futurum Capital Head of Legal and Compliance – responsible for the legal and Compliance departments September 2022 – present TNADV Timoner e Novaes Advogados Partner – Corporate Law and Mergers and Acquisitions – participation in and leadership of several cases involving corporate matters, including the purchase and sale of companies, as well as regulatory matters June 2021 – September 2022 Velloza Advogados Associados Senior Associate – participation in various mergers and acquisitions transactions, as well as corporate cases January 2012 – June 2021 |
8.6. With regard to the director responsible for risk management, if not the same person indicated in the previous item, provide:
a. résumé, containing the following information:
i. completed coursesii. passing a professional certification exam (optional) | Bachelor's degree in Business Administration – Paulista University (UNIP) |
ii. passing a professional certification exam (optional) | Anbima, AAI-Ancord (registration canceled in Jan/24) |
iii. main professional experiences during the last five years, indicating: ● company name ● position and duties inherent to the position ● company's main activity in which such experiences occurred ● dates of entry and exit from the position | Futurum Capital Asset Management Partner responsible for risk management, planning, and business unit management. Main activity of the company in which such experiences occurred - Financial Advisory Dates of entry and exit from the position - since 01/2025 Nobel Capital - XP accredited office partner responsible for the Rio de Janeiro region. Building a team of independent agents, business unit management. Main activity of the company in which such experiences occurred - Financial Advisory Dates of entry and exit from the position - 03/2022 to 12/2023 Banco HSBC/Bradesco Regional Branch Manager - responsible for a pool of branches in the states of SP and RJ, with responsibility for approx. R$ 200MM/year P&L, managing a team of approx. 350 people, 45 of whom were direct reports. dates of entry and exit from the position - 05/2013 to 03/202 |
8.7. With regard to the director responsible for the activity of distributing fund units, if not the same person indicated in item 8.4, provide:
a. résumé, containing the following information:
ii. passing a professional certification exam (optional) | |
iii. main professional experiences during the last five years, indicating: ● company name ● position and duties inherent to the position ● company's main activity in which such experiences occurred ● dates of entry and exit from the position |
8.8. Provide information on the structure maintained for asset management, including:
a. number of professionals | The department responsible for asset management has 2 professionals, including the director responsible for portfolio management. |
b. nature of the activities carried out by its members | The activities consist of the analysis and selection of liquid and illiquid assets to compose the portfolios of the investment funds managed by Futurum Gestão, especially assets related to the venture capital market. |
c. the information systems, routines, and procedures involved | To properly carry out the activities listed above, Futurum Gestão uses third-party systems, such as Broadcast. Additionally, Futurum Gestão holds daily meetings among its members to discuss the main activities to be carried out. |
8.9. Provide information on the structure maintained to verify ongoing compliance with applicable legal and regulatory rules governing the activity and to oversee services provided by third parties hired, including:
a. number of professionals | The Compliance and risk management department of Futurum Gestão has 1 employee, the responsible director. |
b. nature of the activities carried out by its members | The Compliance department is responsible for implementing Futurum Gestão's compliance program, and is responsible for overseeing proper compliance with (i) the company's policies, especially the Compliance Manual, the Anti-Money Laundering Prevention Policy and the Code of Ethics; and (ii) the laws and regulations issued by the CVM applicable to Futurum Gestão, especially Law 9.613/98 and CVM Resolutions 21/21 and 50/21. |
c. the information systems, routines, and procedures involved | The main tools used by Futurum Gestão's Compliance department are the company's own policies, which define the main routines and procedures to be followed by department members, including know your client – KYC routines and training of members regarding the applicable rules and policies. |
d. the way the company ensures the independence of the work performed by the department | The Compliance director, in addition to having the management powers granted to her in Futurum Gestão's articles of association, has autonomy over any matters related to Compliance. Additionally, the Compliance director does not report to any other director or partner of Futurum Gestão. |
8.10. Provide information on the structure maintained for risk management, including:
a. number of professionals | The Risk Management department of Futurum Gestão has 1 employee, the responsible director. |
b. nature of the activities carried out by its members | The main activities developed by the department consist of mapping and mitigating the main risks inherent to Futurum Gestão's activities, namely image/reputation risk, operational risk, and legal risk. |
c. the information systems, routines, and procedures involved | The main systems used are those related to data processing centers, antivirus software, and firewalls, which mitigate operational risks related to cyber issues. Additionally, know your client – KYC routines and training of members regarding the applicable rules and policies. |
d. the way the company ensures the independence of the work performed by the department | The Risk Management director, in addition to having the management powers granted to him in Futurum Gestão's articles of association, has autonomy over any matters related to risk management. Additionally, the Risk Management director does not report to any other director or partner of Futurum Gestão. |
8.12. Provide information on the area responsible for the distribution of investment fund units, including:
a. number of professionals | 1 professional carries out the unit distribution activities. |
b. nature of the activities carried out by its members | Distribution of units of investment funds managed by the company, in addition to KYC procedures and verification and suitability of investors' profiles. |
c. training program for the professionals involved in unit distribution | Training takes place at least annually and is conducted to keep the professionals involved in unit distribution up to date with any new regulatory changes or trends. The training reinforces the content of the policies and guidelines and renews the commitment of each member of Futurum Gestão to their due compliance. |
d. available infrastructure, containing a detailed list of the equipment and services used in the distribution | The activity of distributing units of investment funds has solutions and routines developed internally to facilitate the client's experience during the registration/onboarding process. The company has various equipment and services available to carry out unit distribution, such as: Computers with market-recognized quality, Windows operating systems, as well as top-of-the-line firewalls and antivirus software; Internet connection via SD-WAN Sonicwall Seventh Generation router with multiple Commscope Ruckus Wi-Fi access points WiFi6 generation |
e. the information systems, routines, and procedures involved | The main systems used by the company are: File storage and sharing system with access control segregation and encryption from Google provider Docusign Envelope ID: D08D4B52-EA6B-45D4-AC7C-8FABD82462B9 E-mail, calendar, and agenda systems from Google provider Teleconferencing system from Logitec. Omie system for relationship management with unitholders and portfolio companies (CRM) provided by Omiexperiense S/A RD Station and Pipedrive (CRM) system |
8.13 – Provide other information that the company deems relevant
Not applicable.
Company remuneration
9.1. With regard to each service provided or product managed, as described in item 6.1, indicate the main forms of remuneration it practices
Currently Futurum Gestão has only one active fund under management, and the form of remuneration is the management fee in the amount of 1.65% to 1.85% of net assets and the performance fee in the amount of 20% of the fund's returns under management that exceed the benchmark of 106% of the Broad Consumer Price Index – IPCA.
9.2. Indicate, exclusively in percentage terms over total revenue earned in the 36 (thirty-six) months prior to the base date of this form, the revenue arising, during the same period, from clients as a result of
a. fixed-base fees | 100% |
b. performance fees | 0 |
c. entry fees | 0 |
d. exit fees | 0 |
e. other fees | 0 |
Rules, procedures, and internal controls
10.2. Describe how transaction costs with securities are monitored and minimized
Futurum Gestão carries out careful partner selection procedures, always requesting multiple quotes before selecting a service provider. Additionally, to ensure that the service to be provided is carried out properly, Futurum Gestão only hires reputable service providers, choosing the one whose cost and quality standard are most advantageous for Futurum Gestão.
10.3. Describe the rules for the treatment of soft dollar, such as the receipt of gifts, courses, trips, etc.
The use of soft dollar is allowed only in cases where, cumulatively, (i) the benefit granted is directly reverted to the management activity; and (ii) it is not significant enough to be able to generate any dependencies on service providers or impacts on investment decision-making.
10.4. Describe the contingency, business continuity, and disaster recovery plans adopted
Futurum Gestão adopts, within a maximum period of 24 hours, the following measures to implement the plan and return to activities after any interruption:
(i) recovery of the workplace, with alternative and temporary facilities capable of accommodating employees and the company's facilities capable of continuing the activities; (ii) use of remote access (home office), given that employees have sufficient autonomy to, within security limits, carry out their activities through the company's remote access system; and (iii) use of a shared data center, so that Futurum Gestão will maintain such data center complete, containing the information held by each employee that is necessary for the full functioning of the company, respecting the limits of security of confidential information. The above procedure enables access to such information and makes the immediate resumption of Futurum Gestão's activities possible after any incident.
10.5. Describe the policies, practices, and internal controls for compliance with the specific rules referred to in item I of art. 33, if it decides to engage in the distribution of units of investment funds of which it is the administrator or manager
The company adopts the rules applicable to client onboarding, as well as verification of the investor profile (suitability). The purpose of the suitability procedure is to establish formal processes that make it possible to verify whether the investment made by the client is suitable for the risk profile assigned to them, taking into account their financial situation, investment experience, degree of tolerance to volatility, and the objectives pursued in seeking Futurum Gestão's services, including: (a) understanding the investor's profile, expectations, restrictions, and investment objectives according to their present and future economic-financial needs, observed risk standards, the need for liquidity, and the return period; and (b) the provision of services for selection, allocation, and reallocation of financial assets through securities portfolio management.
10.7. Address of the administrator's webpage on the world wide web where the documents required by art. 16 of this Instruction can be found
https://www.futurum.capital/home
Contingencies
11.1 – Describe the judicial, administrative, or arbitration proceedings, not under seal, in which the company appears as defendant, that are relevant to the company's business, indicating:
a. main facts | Not applicable. |
b. values, assets, or rights involved | Not applicable. |
11.2 – Describe the judicial, administrative, or arbitration proceedings, not under seal, in which the director responsible for the administration of securities portfolios appears as defendant and which affect their professional reputation, indicating:
a. main facts | Not applicable. |
b. values, assets, or rights involved | Not applicable. |
11.3. Describe other relevant contingencies not covered by the previous items
Not applicable.
11.4. Describe final and unappealable judicial, administrative, or arbitration decisions issued in the last 5 (five) years in proceedings not under seal, in which the company appeared as defendant, indicating:
a. main facts | Not applicable. |
b. values, assets, or rights involved | Not applicable. |
11.5. Describe final and unappealable judicial, administrative, or arbitration decisions issued in the last 5 (five) years in proceedings not under seal, in which the director responsible for the administration of securities portfolios appeared as defendant and affected their business or professional reputation, indicating:
a. main facts | Not applicable. |
b. values, assets, or rights involved | Not applicable. |
Additional statements by the director responsible for management, informing about:
I, Heloisa Lourenço Ishii, Brazilian, single, portfolio manager, holder of identity card RG No. 38.551.739-7 SSP/SP, declare that I do not have:
charges arising from administrative proceedings, as well as penalties suffered, in the last 5 (five) years, as a result of activity subject to the control and supervision of the CVM, Central Bank of Brazil, Superintendence of Private Insurance – SUSEP, or the National Superintendence of Complementary Pensions – PREVIC, including that I am not disqualified or suspended from holding office in financial institutions and other entities authorized to operate by the aforementioned bodies;
b. convictions for bankruptcy crimes, prevarication, bribery, extortion, embezzlement, money laundering or concealment of assets, rights and values, against the popular economy, the economic order, consumer relations, public faith or public property, the national financial system, or criminal penalties that prohibit, even temporarily, access to public office, by final and unappealable decision, except in the case of rehabilitation.
c. restrictions on administering my assets or disposing of them by virtue of judicial or administrative decision;
d. inclusion in a credit protection registry;
e. inclusion in the list of defaulting principals of an organized market administrator entity;
f. securities protested against me
