An integrated credit platform with origination, structuring and active management.
With R$ 21.2 billion under management across 10 verticals, we offer high-quality credit with proprietary origination, dedicated structuring and active risk management.
01
Our 6 Differentials
Leto's trajectory began in 2003, when Alexandre Muller joined as a credit analyst. More than two decades later, we have consolidated a platform with structural advantages that are hard to replicate.
Team
Alpha Generation through Specialized Verticals
Proprietary Database (IDEX)
Integrated ESG Investment Process
Benefits of Operating Scale
Liability Quality
02
Credit Committee Decision Process
Risk analysis is handled by the Credit Committee, made up of the team with mandatory presence of the partners responsible for each vertical. The process is divided into two phases.
Pre-Committee
Screening/
Background
Check Legal/Compliance
Background
Check Legal/Compliance
First
View
View
Analysis of
Controlling Shareholders/
Corporate
Governance Security Characteristics · Capital Structure · Relative Valuation (Idex; peers)
Controlling Shareholders/
Corporate
Governance Security Characteristics · Capital Structure · Relative Valuation (Idex; peers)
Credit Committee
Meetings with
Management
Management
Sector,
Operational and
Financial
Analysis Competitive Advantages · Cash Generation, EBITDA Margin
Operational and
Financial
Analysis Competitive Advantages · Cash Generation, EBITDA Margin
Cash Flow
Tests
Tests
03
Verticals Overview
Expertise organized into dedicated verticals, split between Liquid and Structured, around specialized teams and proprietary processes.
Local Credit
Dec/2014Hybrid Credit
Apr/2014Offshore
Jan/2019Pension
Apr/2019ESG
Nov/2020Special Situations
Jun/2021Infrastructure
Jul/2021Agribusiness
Nov/2021HY & Securitization
Mar/2022Régia Capital
Feb/202404
Case Studies
Real examples of transactions that illustrate the "alternative alpha" model: exclusive assets, dedicated structuring and active risk management.