Prisma Capital
“Can a Brazilian alternative asset manager scale internationally by systematically managing FX risk between capital calls and distributions for offshore investors?”
Founded in 2017, Prisma Capital is a Brazilian alternative asset manager based in São Paulo managing approximately $3 billion in assets under management. The firm operates with a flexible mandate across sectors and asset classes, raising capital both domestically from Brazilian limited partners and internationally from offshore investors seeking Brazil exposure. A key operational challenge has been managing FX volatility between capital calls and distributions for offshore investors, which led the firm to adopt programmatic FX hedging using Non-Deliverable Forwards through Convera.