Wealth

Zuckerberg’s Investment Firm Iconiq Attracts Wealthy Brazilians

  • Wealthy start investing in venture capital as rates tumble
  • Itau, BTG introduce their clients to San Francisco company
Buildings stand along the beach in the Barra da Tijuca neighborhood in Rio de Janeiro.

Photographer: Dado Galdieri/Bloomberg

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Rich Brazilians now have access to some of the same investments as Mark Zuckerberg.

Banco BTG Pactual SA and Itau Unibanco Holding SA are introducing their high-net-worth clients to venture capital funds run by investment firms including Iconiq Capital, which is also a multifamily office that manages money for the Facebook chief executive and Silicon Valley luminaries including Twitter’s Jack Dorsey and LinkedIn’s Reid Hoffman.