Investment Funds
Brazil Guide 2024 : Brazil
Band 3
About
Provided by Cescon, Barrieu, Flesch & Barreto Advogados
We are one of the few Brazilian law firms with a fully dedicated fund formation team. We focus on the so-called structured funds, namely receivables funds (FIDC), private equity funds (FIP), real estate funds (FII) and agribusiness funds (Fiagro). We are routinely retained by domestic and foreign clients across all industries to assist them in structuring these funds and their public offerings and private placements of quotas. Our fund formation team covers the entire fund lifecycle, from formation to investments, divestments and public offerings. Our team also includes regulatory lawyers that assist our clients in connection with the rules issued by the Brazilian Securities and Exchange Commission, the Central Bank, the Brazilian Financial and Capital Markets Association, and other regulatory bodies applicable to operating in the fund industry in Brazil. We provide extensive advisory on matters concerning investment funds, from day-to-day disclosure requirements to innovative and disruptive discussions of new products and activities with the regulators. We are also well known for helping ultra-high net worth individuals and families to structure and hold their assets through investment funds, as a form of wealth and estate planning. Through this pioneer structure, we replicate in Brazil (a civil-law country) an arrangement similar to a trust, very popular in common-law countries, with the administrator of the funds acting as a “trustee” for the investors.
Chambers Review
Cescon Barrieu maintains an established transactional department equipped to assist clients with an array of investment fund mandates. The firm is particularly sought after by players in the real estate, banking and fintech realms. It frequently acts on sophisticated fund structuring mandates. The team boasts additional capability advising on receivables funds and quota issuances.
Work Highlights
- Cescon Barrieu advised XP Investimentos on the public offering of units from the second issuance of the Valora Infra Dívida Infrastructure Investment Fund, in the total amount of BRL207.1 million.
Strengths
Provided by Chambers
"We have a close relationship with the firm. They are highly committed, truly defending their clients' interests."
"Cescon demonstrates a deep understanding of regulatory matters, especially concerning RCVM 175 and 160."
"Sophisticated demands are studied in depth by the team, who propose practical solutions."
"We have a close relationship with the firm. They are highly committed, truly defending their clients' interests."
"Cescon demonstrates a deep understanding of regulatory matters, especially concerning RCVM 175 and 160."
"Sophisticated demands are studied in depth by the team, who propose practical solutions."
Notable Practitioners
Emerging as an up-and-ocming partner this year, Vitor Arantes has demonstrated expertise in real estate investment funds and is praised for his strong technical knowledge.
"Vitor is always very diligent and available, highly flexible with our demanding schedules and extremely reliable."
"Vitor has the ability to clearly understand what the client needs, but mostly understand the result the client wants to achieve."
Ranked Lawyers at
Cescon, Barrieu, Flesch & Barreto Advogados
Brazil
Members
Provided by Cescon, Barrieu, Flesch & Barreto Advogados
Clients
Provided by Cescon, Barrieu, Flesch & Barreto Advogados
AZ Quest Panorama Ltda.
Alianza Gestão de Recursos Ltda.
Banco BTG Pactual S.A.
Bresco Gestão e Consultoria Ltda.
Brio Investimentos Ltda.
CY Capital Gestora de Recursos Ltda.
Capitânia Capital S.A.
HSI Gestora de Fundos Imobiliários Ltda.
Hedge Investments Real Estate Gestão de Recursos Ltda.
JGP Gestão de Crédito Ltda.
Manatí Capital Management Ltda.
Mauá Capital Real Estate Ltda.
Nu Asset Management Ltda.
RBR Gestão de Recursos Ltda.
Riza Gestora de Recursos Ltda.
Sparta Administradora de Recursos Ltda
VBI Real Estate Gestão de Carteiras S.A.
Valora Gestão de Investimentos Ltda.
XP Investimentos
XP Vista Asset Management Ltda.
Industries
Provided by Cescon, Barrieu, Flesch & Barreto Advogados
Agribusiness funds
Financial Services
Private Equity funds
Real Estate funds
Structured funds