We are an investment house that manages our own and third-party assets.
Driven by the DNA of the Norwegian entrepreneur Erling Lorentzen – founder of Aracruz, who changed the axis of the forestry industry from the northern to the southern hemisphere, we seek innovative, scalable and adaptable projects to market dynamics.
We are committed to the long term and trust in people. Focus on purpose and attention to performance. Courage to do the right thing in the right way.
Driven by the DNA of our founder, Erling Lorentzen, we do business responsibility and courageously. We focus on excellence and teamwork to serve people, the environment and the economy in equal measure.
We go beyond financial results. The reward for the collectivity is our final goal.
From sustainable mining to healthcare, from engineering to finance, from bioeconomy to logistics and real estate. We invest in disruptive technologies, original ideas and entrepreneurial talent with the potential to solve relevant problems.
Our story begins when a visionary Norwegian businessman starts doing business in a distant and promising country – Brazil. For over 50 years we have been building successful companies. Together with selected entrepreneurs and financial partners, we shape our reputation and investment philosophy.
1953
The Lorentzen Group starts activities in Brazil, acquiring Esso Gás (currently Supergasbras).1963
Norsul foundation, a trade shipping company for dry and liquid bulk, neo-bulk, general cargo and project cargo.1967
Acquisition of Aracruz (currently Fibria), which would become the leader in the segment of high-yield eucalyptus forests and the world's largest producer of bleached pulp.1968
Merge of Gásbras Supergas - creating Supergasbras, with 2.5 million clients1972
Supergasbras sale.1978
Start of Aracruz Industrial operations.1992
Aracruz becomes the first Brazilian company to offer ADRs on the New York Stock Exchange.1995
Erling Lorentzen was one of the pioneering members of the Business Council for Sustainable Development (BCSD, now the World Business Council for Sustainable Development, WBCSD1999
Norsul becomes the largest private dry bulk transport company in the country.2006
Aracruz becomes the first forestry company in the world to be part of the Dow Jones Sustainability Index.2007
Acquisition of Norflor, a solutions company for the global forestry market.2008
Sale of Aracruz to Grupo Votorantim for US$ 547 million2009
Creation of Lorinvest, the asset management company of the Lorentzen Group.2011
Investment in Biofílica, a company that specializes in forest conservation and the commercialization of environmental services.2013.1
Norflor's operation starts to focus on municipalities in Minas Gerais with one of the worst HDIs in the country.2013.2
Investment in New Steel, a company that develops a disruptive technology for dry iron ore processing.2016
Acquisition of Target Bank, a fintech pioneer in the integrated offer of means of payment and financial solutions for logistics companies, truck drivers and fuel networks.2019
Sale of New Steel to Vale for US$ 500 million.2020.1
Norsul becomes the first shipping company in Brazil to neutralize 100% of CO2 emissions from its transport and fuels.2020.2
Investments in natural gas.2021
Norsul becomes a multimodal logistics solutions company, operating in road and rail transport and offering cargo storage services and special projects.
Haakon Lorentzen is also Chairman of the Board of Directors of Harvard Business School in Latin America. He was a member of the Board of Aracruz Celulose from 1991 to 2009 and is currently a member of the Board of Directors of WWF Brasil, Endeavor and Ibio. With a degree in Economics from the Pontifícia Universidade Católica do Rio de Janeiro, he completed his training in the United States at Crowley Maritime Corp San Francisco (1984) and Harvard Business School Executive Education PMD (1987
Chief Executive Officer also in charge of Risk and Compliance at Lorinvest, Luciano Medeiros has been a member of the Lorentzen Group since 2011 as Executive Officer for Business Development. He was a partner of Barbosa Müssnich & Aragão law firm (BMA Law) for 11 years, where he led the M&A and capital markets group. With a Law degree from Universidade Cândido Mendes Law College, he worked from 1992 to 1999 at Banco Pactual, one of Brazil’s leading investment banks.
Member of the Board of Directors of Lorentzen Empreendimentos S.A. since 2009, he was also a member of the Board at Companhia Brasileira de Distribuição (Grupo Pão de Açúcar) from 2014 to 2018. He was officer of Lorentzen Empreendimentos from 1988 to 2006 and Member of the Board at Aracruz Celulose, Veracel and Norsul from 1988 to 2010.
Luiz Aranha Corrêa do Lago was also Capital Markets Director at Brazil’s Central Bank in 1987 and 1988. From 1981 to 1986, he was Head of the Center for Monetary Studies and International Economics at Getúlio Vargas Foundation.
Besides a Bachelor´s in Economics from Universidade Federal do Rio de Janeiro, he holds a Master’s degree from Duke University and a Ph.D. in Economics from Harvard University. Since 1979 he has been a professor of economics at the Pontifícia Universidade Católica do Rio de Janeiro.
He has been working at Lorinvest since 2015 in the business development area and as CEO of one of the investee companies. He worked in the financial area of New Steel for 1 year helping to develop the company. He worked 2 years at Vinci Partners Resource Management in the areas of private credit and Real Estate. Graduated in Business Administration from PUC-RIO.
Economist graduated from IBMEC/RJ. MBA in Finance from FGV and IBMEC. He has more than 10 years of experience in the financial area having worked in large companies such as Banco BBM, Fundo de Pensão Embratel and Rede Globo. He joined the Lorentzen Group in 2011 and became CFO of New Steel.
Executive Officer at Lorinvest since 2011. Over 30 years of experience in the Paper & Pulp industry, holding different strategic positions at Aracruz Celulose, Veracel and Fibria Celulose from 1984 to 2011. Graduated in Economics from Cândido Mendes University, holds a post-graduate degree in Finance from IBMEC – RJ and specialization courses from Wharton Business School and INSEAD.
Executive Officer, started in the group as CFO of the investee New Steel in 2012. He has 35 years of experience in the financial market in several countries in Latin America, of which 15 years at ING Bank. Graduated in Business Administration – Entrepreneurial Studies at Babson College, MA, USA.
Domenica Noronha is responsible for evaluating and structuring new businesses, coordinating research teams, and outlining financial evaluations and investments of multiple projects. She sits in the Board of Directors of some investee companies and has joined the group in 2021.
From 2010 to 2021, she was a partner at Tempo Capital, a fundamentalist manager of Brazilian stocks. There, she performed various roles, such as research and support for external funding. During this period, she was a member of the fiscal councils of large companies, such as Oi, Usiminas, Bradespar, Light and Embratel.
She worked at Banco Morgan Stanley from 1999 to 2010, in New York and São Paulo. She was the executive director responsible for executing capital markets for Latin America. There, she coordinated equity and debt issues for several companies including Gol, BM&F, Fleury, Cesp, Telefonica, Cosan, Ultrapar, Embraer, Petrobras, BNDES, FEMSA, Copa Airlines, Bunge, among others.
She graduated with honors in Finance and International Business with a minor in Economics from Georgetown University. She holds several professional certifications: CFA Charterholder, CGA, CPA-20, Series 7, FSA.
Participated in the creation of Lorinvest in 2009. Responsible for capital market issues at Lorinvest and the investment funds, M&A operations and corporate affairs of the invested companies. In charge of Human Resources, Corporate Ethics and Compliance at Lorinvest. Worked in the tax and corporate law areas of Prisco Paraiso, Cattley and Carvalho Neto law office between 1999 and 2003. Graduated in Law from Cândido Mendes University, Economics and Business Law from Getulio Vargas Foundation, holds a LLM degree in International and Economic Law from the University of Warwick, England. In 2018 she was one of the 100 attorneys recognized by GC Powerlist: Brazil – The Legal 500. In 2020 she completed the Post-Graduation in Specialization in Business Management from Fundação Dom Cabral and obtained the Professional Certification in Anti-Corruption Compliance – CPC-A by Legal, Ethics and Compliance in partnership with FGV Projetos.
Responsible for M&A operations and corporate issues of the invested companies, Laila is a member of Lorinvest since 2011. Worked at Vale Group from 2005 to 2011: Fundação Vale do Rio Doce de Seguridade Social – Valia (2005 to 2008) and Log-In Logística Intermodal (2008 to 2011), legal counsel responsible for corporate governance area. Hold’s a Law Degree from Cândido Mendes University with Post-Graduate course in Business Law from FGV.
Works at Lorinvest since 2015 and is responsible for the company’s Controllership area. Research manager at Ativa Investimentos, worked in the company’s Risk area between 2011 and 2015. Graduated in Applied Mathematics for Business from the Federal University of Rio de Janeiro (Universidade Federal do Rio de Janeiro), holds a Master’s degree in Mathematical Methods for Finance from the Institute of Pure and Applied Mathematics (Instituto de Matemática Pura e Aplicada). Bruno is certified as an Investment Specialist by Anbima.
Haakon Lorentzen is also Chairman of the Board of Directors of Harvard Business School in Latin America. He was a member of the Board of Aracruz Celulose from 1991 to 2009 and is currently a member of the Board of Directors of WWF Brasil, Endeavor and Ibio. With a degree in Economics from the Pontifícia Universidade Católica do Rio de Janeiro, he completed his training in the United States at Crowley Maritime Corp San Francisco (1984) and Harvard Business School Executive Education PMD (1987
Chief Executive Officer also in charge of Risk and Compliance at Lorinvest, Luciano Medeiros has been a member of the Lorentzen Group since 2011 as Executive Officer for Business Development. He was a partner of Barbosa Müssnich & Aragão law firm (BMA Law) for 11 years, where he led the M&A and capital markets group. With a Law degree from Universidade Cândido Mendes Law College, he worked from 1992 to 1999 at Banco Pactual, one of Brazil’s leading investment banks.
Member of the Board of Directors of Lorentzen Empreendimentos S.A. since 2009, he was also a member of the Board at Companhia Brasileira de Distribuição (Grupo Pão de Açúcar) from 2014 to 2018. He was officer of Lorentzen Empreendimentos from 1988 to 2006 and Member of the Board at Aracruz Celulose, Veracel and Norsul from 1988 to 2010.
Luiz Aranha Corrêa do Lago was also Capital Markets Director at Brazil’s Central Bank in 1987 and 1988. From 1981 to 1986, he was Head of the Center for Monetary Studies and International Economics at Getúlio Vargas Foundation.
Besides a Bachelor´s in Economics from Universidade Federal do Rio de Janeiro, he holds a Master’s degree from Duke University and a Ph.D. in Economics from Harvard University. Since 1979 he has been a professor of economics at the Pontifícia Universidade Católica do Rio de Janeiro.
He has been working at Lorinvest since 2015 in the business development area and as CEO of one of the investee companies. He worked in the financial area of New Steel for 1 year helping to develop the company. He worked 2 years at Vinci Partners Resource Management in the areas of private credit and Real Estate. Graduated in Business Administration from PUC-RIO.
Economist graduated from IBMEC/RJ. MBA in Finance from FGV and IBMEC. He has more than 10 years of experience in the financial area having worked in large companies such as Banco BBM, Fundo de Pensão Embratel and Rede Globo. He joined the Lorentzen Group in 2011 and became CFO of New Steel.
Executive Officer at Lorinvest since 2011. Over 30 years of experience in the Paper & Pulp industry, holding different strategic positions at Aracruz Celulose, Veracel and Fibria Celulose from 1984 to 2011. Graduated in Economics from Cândido Mendes University, holds a post-graduate degree in Finance from IBMEC – RJ and specialization courses from Wharton Business School and INSEAD.
Executive Officer, started in the group as CFO of the investee New Steel in 2012. He has 35 years of experience in the financial market in several countries in Latin America, of which 15 years at ING Bank. Graduated in Business Administration – Entrepreneurial Studies at Babson College, MA, USA.
Domenica Noronha is responsible for evaluating and structuring new businesses, coordinating research teams, and outlining financial evaluations and investments of multiple projects. She sits in the Board of Directors of some investee companies and has joined the group in 2021.
From 2010 to 2021, she was a partner at Tempo Capital, a fundamentalist manager of Brazilian stocks. There, she performed various roles, such as research and support for external funding. During this period, she was a member of the fiscal councils of large companies, such as Oi, Usiminas, Bradespar, Light and Embratel.
She worked at Banco Morgan Stanley from 1999 to 2010, in New York and São Paulo. She was the executive director responsible for executing capital markets for Latin America. There, she coordinated equity and debt issues for several companies including Gol, BM&F, Fleury, Cesp, Telefonica, Cosan, Ultrapar, Embraer, Petrobras, BNDES, FEMSA, Copa Airlines, Bunge, among others.
She graduated with honors in Finance and International Business with a minor in Economics from Georgetown University. She holds several professional certifications: CFA Charterholder, CGA, CPA-20, Series 7, FSA.
Participated in the creation of Lorinvest in 2009. Responsible for capital market issues at Lorinvest and the investment funds, M&A operations and corporate affairs of the invested companies. In charge of Human Resources, Corporate Ethics and Compliance at Lorinvest. Worked in the tax and corporate law areas of Prisco Paraiso, Cattley and Carvalho Neto law office between 1999 and 2003. Graduated in Law from Cândido Mendes University, Economics and Business Law from Getulio Vargas Foundation, holds a LLM degree in International and Economic Law from the University of Warwick, England. In 2018 she was one of the 100 attorneys recognized by GC Powerlist: Brazil – The Legal 500. In 2020 she completed the Post-Graduation in Specialization in Business Management from Fundação Dom Cabral and obtained the Professional Certification in Anti-Corruption Compliance – CPC-A by Legal, Ethics and Compliance in partnership with FGV Projetos.
Responsible for M&A operations and corporate issues of the invested companies, Laila is a member of Lorinvest since 2011. Worked at Vale Group from 2005 to 2011: Fundação Vale do Rio Doce de Seguridade Social – Valia (2005 to 2008) and Log-In Logística Intermodal (2008 to 2011), legal counsel responsible for corporate governance area. Hold’s a Law Degree from Cândido Mendes University with Post-Graduate course in Business Law from FGV.
Works at Lorinvest since 2015 and is responsible for the company’s Controllership area. Research manager at Ativa Investimentos, worked in the company’s Risk area between 2011 and 2015. Graduated in Applied Mathematics for Business from the Federal University of Rio de Janeiro (Universidade Federal do Rio de Janeiro), holds a Master’s degree in Mathematical Methods for Finance from the Institute of Pure and Applied Mathematics (Instituto de Matemática Pura e Aplicada). Bruno is certified as an Investment Specialist by Anbima.
Lorinvest Gestão de Recursos Ltda. ("Lorinvest") is an asset management, authorized by the Comissão de Valores Mobiliários (CVM) and regulated by CVM Resolution No. 21/2021. Lorinvest does not market or distribute shares or quotas of investment funds or any other financial assets. It is recommended to the investor reading the regulation of the investment funds before investing. Investment funds are not guaranteed by the asset management, the administrator nor any insurance mechanism. The contents of this web site are merely informative, do not constitute any investment advice and should not be used for this purpose. No information on this website constitutes a solicitation, offer or recommendation for the purchase or sale of investment fund shares nor any other securities. No information on this website constitutes a promise or guarantee of profitability. The profitability obtained in the past does not represent a guarantee of future profitability. The risk of using the information contained herein is exclusive of the user. The contents of this web site are not intended for publication, disclosure or distribution by third parties, without prior consent of the asset management. Lorinvest, its partners, administrators and employees disclaim liability for any damages resulting directly or indirectly from the use of the information on this website.
