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Multi Family OfficeInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 4 SOURCES

Nebraska Capital

Porto Alegre multi-family office founded in 2008 to manage the Fração family's proceeds from the sale of Expresso Mercúrio; now also serves other families.

Identity

WEALTH ORIGIN
Sale of the transport company Expresso Mercúrio (2007)
HEADQUARTERS
Porto Alegre, Brazil
FOUNDED
2008
OUTSIDE CAPITAL
Yes — also manages others' money

Overview

Nebraska Capital is a Porto Alegre multi-family office that grew out of the Fração family's liquidity event, the 2007 sale of Expresso Mercúrio; it was set up in 2008 to manage that family's capital and opened to other families from 2009. It ran a value-style equity fund (Nebraska Capital FIA, 2011) but closed its direct stock-picking area in 2023 to focus fully on wealth management and multi-family-office services. It describes an endowment-inspired strategic allocation model and states BRL 6.6 billion under management. It is registered with the CVM as a portfolio manager (Nebraska Capital Gestão de Recursos Ltda).

Investment thesis

Value-investing philosophy (Graham, Buffett) combined with a strategic allocation model inspired by US endowments, with a generational mandate to preserve family wealth and protect purchasing power; the team invests its own capital alongside clients.

People

  • Rafael Chadanowicz
    Partner, Investments · source
  • Leonardo Fração
    Founder · source
  • Bruno Claudino
    CEO; CVM-registered director · source
  • Mauro Barcellos
    Partner; head of multi-family-office expansion · source
  • Lucas Pipkin
    Partner, Wealth Management · source
  • Alexandre Cunha
    Head of Compliance · source

Frequently asked questions

Nebraska Capital is a multi family office based in Porto Alegre, Brazil, founded in 2008.

Nebraska Capital invests on behalf of the Fração family (Sale of the transport company Expresso Mercúrio (2007)).

Nebraska Capital does not publicly state whether it puts its own money into companies or invests through funds.

Key people at Nebraska Capital include Leonardo Fração (Founder), Bruno Claudino (CEO; CVM-registered director), Mauro Barcellos (Partner; head of multi-family-office expansion) and Lucas Pipkin (Partner, Wealth Management).

Yes. Nebraska Capital manages capital from outside investors.