Svea Herbst-bayliss
5 minute read
Jorge Paulo Lemann, Co-Founder and Board Member, 3G Capital; Board Member, Kraft Heinz, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson/File Photo
BOSTON, July 27 (Reuters) - Three Brazilian billionaires who cofounded investment firm 3G Capital are backing a veteran U.S. investor who played a key role in hedge fund Third Point's activist campaigns, to make big, long-term bets on companies, three people familiar with the plans said.
LTS One will be a new investment partnership between LTS Investments and Munib Islam, who was previously co-chief investment officer at Third Point. LTS Investments is the holding company and investment office that oversees the family fortunes of 3G Capital cofounders Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira.