MORE THAN EXPERTS, PARTNERS.

Behind our strength is an executive team aligned in a genuine partnership.

Partnership Structure

Jorge Paulo Lemann

Executive Partners

Lone Pine Capital

  • Investment Management

    • Florian Bartunek

      Florian Bartunek

      Investment Management

      Florian Bartunek is the founding partner and CIO of Constellation. Florian founded Constellation in 1998 as Utor Investments, a proprietary fund for the ex-owners of Banco Garantia. Prior to founding Constellation, Florian was a partner at Banco Pactual where he was head of research, proprietary trader, and manager of all equity portfolios/funds. During Florian´s time at Pactual (1990-1998), he managed the Andrômeda Fund (highest ranked equity fund in Brazil for 3 consecutive years), the Infinity Fund (highest ranked Brazilian equity offshore fund for 2 consecutive years) and a segregated portfolio for George Soros. Florian initiated his career at Banco Nacional in 1989. Florian earned a B.S. in Business at Pontificia Universidade Católica – PUC Rio (1990). He graduated from Harvard’s YPO President’s Program (2010 – 2018), Bruce Greenwald’s Value Investing Course (2013) at Columbia Business School, Singularity University Executive Program (2015) and the Behavioral Finance program at Harvard Kennedy School (2016). Florian was a professor of a Value Investing course at IBMEC University in São Paulo (currently Insper), president of the Paulista Chapter of YPO – Young Presidents Organization and Director of the International Department for the Brazilian Investment Banking Association – ANBID. Florian is Vice President of ProA (www.proa.org.br) one of the largest NGOs for professional education in Brazil, and participates/ participated in the boards of Fundação Estudar and its Endowment Investment Committee, Laspau, the Lemann Foundation, the Museum of Art of São Paulo – MASP, B3 and Revista Nova Escola.

    • Marcello Silva

      Marcello Silva

      Investment Management

      Marcello Silva is a partner and member of the Investment Committee. He joined Constellation in 2006. Previously he worked at Banco Itaú BBA in both Investment Banking and Credit Analysis. He has a B.A. in Business Management from FGV – EAESP and Economics from FEA – USP. He completed the Executive Program at Columbia Business School in 2014, Singularity University Executive Program in 2015 and Clay Christensen’s Disruptive Strategy at Harvard Business School.

    • Marcos Matsutani

      Marcos Matsutani

      Investment Management

      Marcos Matsutani is a partner and member of the Investment Committee. He joined the company in December 2009. Currently he is the analyst covering the infrastructure, agribusiness and energy sectors. Prior to Constellation, Marcos worked at Itau Securities as a sell-side research analyst. He holds B.A. in Mechanical Engineering from University of São Paulo (Escola Politécnica-USP) and completed Bruce Greenwald’s Value Investing Course at Columbia Business School.

    • Eduardo Dumans

      Eduardo Dumans

      Investment Management

      Eduardo Dumans is a partner and member of the Investment Committee. He joined the company in August 2010 and became partner in 2014. Currently, he is the analyst covering the Consumer and Financial sectors. He worked for three years as a risk analyst at Gávea Investimentos. He has a B.A. in Production Engineering from PUC-Rio de Janeiro/Brazil (2009), is a holder of the right to use the Chartered Financial Analyst® (2013) and completed Bruce Greenwald’s Value Investing course at Columbia Business School (2013).

    • Alexandre Bagnoli

      Alexandre Bagnoli

      Investment Management

      Alexandre Bagnoli is a partner and member of the Investment Committee. He joined the company in May of 2012. Currently he is responsible for covering the malls,  education, loyalty programs, pulp & paper and aerospace sectors. Prior to Constellation, he was an associate-director at BTG Pactual in the ECM division within the Investment Banking team, where he was involved in a number of IPOs, Follow-ons and other capital market operations. Alexandre holds a B.S. in production engineering from Escola Politécnica da USP, a master of science in Engineering from Politecnico di Milano and is a CFA® charterholder. He completed Bruce Greenwald’s Value Investing course at Columbia Business School in 2015 and Clay Christensen’s Disruptive Strategy at HBX in 2016. Alexandre is a member of Aliansce’s Board of Directors and was formerly an independent member of Somos Educação’s Audit Committee.

    • Felipe David

      Felipe David

      Investment Management

      Felipe David is a partner and member of the Investment Committee. He joined the company in April 2014 and is currently the analyst responsible for covering the real estate, higher education and healthcare sectors. Prior to joining Constellation, Felipe worked as an analyst at Advis Equities and as intern at the J.P. Morgan Investment Banking team in São Paulo. He holds a B.A. in Business Administration from FGV-EAESP with an extension from Sciences-Po Paris, and completed Bruce Greenwald’s Value Investing Course at Columbia Business School.

  • Strategy & Trading

    • Rodrigo Magdaleno

      Rodrigo Magdaleno

      Strategy & Trading

      Rodrigo Magdaleno joined the firm in March 2006 and became partner and head trader in 2009. He worked for two years in the middle and front office area and he is currently responsible for the Trades in the Equity Desk. Prior to joining Constellation he worked for two years as a Back-office analyst at SLW broker dealer. Rodrigo holds a B.A. in Economics from FEA PUC-SP (São Paulo, Brazil) and an Executive Master’s Degree in Finance from INSPER (São Paulo, Brazil).

  • Investor Relations

    • Cândido Gomes

      Cândido Gomes

      Investor Relations

      Candido Gomes is a partner and member of the IR team at Constellation. He joined the firm in June 2012. Prior to Constellation, Candido was an intern at Itau BBA’s treasury desk. He holds a bachelor in Business Administration from Fundação Getulio Vargas and is a holder of the right to use the Chartered Financial Analyst® (2015).

  • Operations, Risk & Compliance

    • Alex Rodrigues

      Alex Rodrigues

      Operations, Risk & Compliance

      Alex Rodrigues is the partner responsible fo Risk, Operations and Compliance at Constellation. He joined the company in 2005 and became partner in 2007. He began his career in 1999 and has worked in the back office of major banks such as Banco Votorantim and Banco JP Morgan. He was also Head of back office in a small asset management during the period from 2002 to 2003. In 2004, he worked as a senior financial analyst at Banco J Safra. Alex holds a B.A. in Economics from FEA –PUC and a post-graduation from FEA – USP.

    • William Uemura

      William Uemura

      Operations, Risk & Compliance

      William Uemura joined Constellation in January 2011 and is currently a partner at the Risk and Operations area. Prior to joining Constellation he worked for three years as a trainee in the back-office and middle-office team at Tarpon Investimentos. He holds a B.A. in Economics from FEA –PUC (São Paulo – Brazil).

Partners' Experience