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Our Culture

What you believe and what you value as an organization matters. Discover the DNA of our firm.

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Our People

Get to know our teams and the stories of select staff members who share why they choose to work at Sands Capital.

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News & Events

Read about some of the latest events, partnerships, and business highlights from Sands Capital.

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Careers

At Sands Capital, we strive to hire exceptional talent who will live our values and support our efforts to deliver on our mission.
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Insights Gained from Past Downturns

Sands Capital portfolio managers reflect on five powerful lessons they have learned while investing through past downturns.

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Episode 3: Credo AI

As artificial intelligence (AI) becomes a part of our everyday lives, making sure it’s transparent and unbiased has become a high priority for businesses, governments, and ordinary people. In this episode of What Matters Most, Scott Frederick, a Sands Capital managing partner, explains how software startup Credo AI is helping to keep AI models responsible. Join us as we look at how Credo AI aims to lead the way in this vital new field.

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Instilling a Long-term Focus

At Sands Capital we encourage our investment team to think in decades not quarters. Director of Research Michael Raab, CFA discusses how culture can support the visionary research needed to find businesses creating the future.

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WEG’s Leading the Way in Sustainability and Innovation

WEG is setting new standards for sustainability and innovation by focusing on energy efficiency and renewable solutions that deliver cutting-edge technologies to align with the needs of a rapidly changing world.

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Philosophy & Approach

Our philosophy is rooted in the belief that, over time, stock prices will reflect the earnings power and growth of the underlying businesses.

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Stewardship

Our latest annual report offers a comprehensive view of how we add value through active stewardship.

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Public Equity

Our newest strategy takes an unconstrained approach to seeking the best growth businesses outside of the U.S.

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Venture & Growth Equity

Sands Capital invests in innovative businesses across all stages of the growth spectrum

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Eduardo Leal, CFA

Sr. Research Analyst

Joined Sands Capital

2022

Work Experience

Sands Capital (2022 - 2024)
Arlington, VA | Research Analyst

STK Capital (2010 - 2020)
Rio de Janeiro, Brazil | Partner/Head of Equity Research

Platina Investimentos (2008 - 2010)
Rio de Janeiro, Brazil | Equity Research Analyst

Education

Stanford Graduate School of Business (2021)
MS | Management

Pontifícia Universidade Católica do Rio de Janeiro (2008)
BA | Industrial Engineering

Eduardo is a senior research analyst primarily covering emerging markets. He joined Sands Capital in 2022.

Before joining the firm, Eduardo worked at STK Capital in Rio de Janeiro as partner and head of equity. Earlier, he was an equity research analyst at Platina Investimentos, also in Rio de Janeiro.

Eduardo received an MS in management from the Stanford Graduate School of Business and a BA in industrial engineering from Pontifícia Universidade Católica do Rio de Janeiro. He is a CFA® charterholder.

Investment Strategy
Riding India’s Digital Wave
Indian businesses that are able to seize the country’s increased digital and physical connectivity to find innovative and cost-effective ways to fill the unmet or evolving demands could find long runways for growth.
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Business Perspectives
Episode 2: Nubank
Sr. Research Analyst Eduardo Leal explains how Brazil’s Nubank went from startup to the country’s second largest corporation in just 10 years. We explore how mobile banking is opening financial doors for global citizens and how we believe Nubank is poised to remake the Brazilian banking industry.
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Arlington, VA 22209, USA
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Disclosures and Definitions

Notice for non-US Investors

Sands Capital is an active, long-term investor in leading innovative growth businesses, globally. Our approach combines analytical rigor and creative thinking to identify high-quality growth businesses that are creating the future. Through an integrated investment platform spanning venture capital, growth equity and public equity, we provide growth capital solutions to institutions and fund sponsors in more than 40 countries.

An independent, staff-owned firm founded in 1992 and headquartered in the Washington, D.C. area with offices in London and Singapore, Sands Capital managed more than $54B in client assets as of December 31, 2024.

For institutional and professional investors only. Investment advisory fees are described in Part II of the adviser’s Form ADV.
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