Consistent returns in real estate, corporate, and infrastructure credit. Without relying on market risk — the return comes from the quality of the credit selected.
Funds holding incentivized debentures (Law 12,431) and CRIs/CRAs offer income tax exemption for individual investors in Brazil. More net return for the same risk.
Every transaction starts at Rio Bravo’s own desk — origination, due diligence, structuring, and active management. Without outsourcing credit analysis.
Private credit funds invest in debt securities issued by companies and projects — CRIs, CRAs, debentures, and FIDCs. The return comes from the interest paid by the issuers, generally pegged to the CDI rate or the IPCA inflation index. At Rio Bravo, every security is analyzed by the in-house credit committee before entering the portfolio.
Some are. Funds holding incentivized debentures (Law 12,431) are exempt from income tax for individual investors in Brazil — including infrastructure funds such as Rio Bravo Infra CDI Incentivado. Funds holding CRIs and CRAs may also carry a tax benefit depending on the structure. Please refer to each fund’s bylaws.
The main risk is credit risk — the possibility that an issuer fails to meet its obligation. Rio Bravo mitigates this risk with prior in-house analysis, diversification across issuers and sectors, continuous monitoring of the assets, and active management of duration and liquidity.
A FIDC invests in receivables — amounts owed to companies, such as trade bills, financing agreements, or sales installments. Rio Bravo structures and manages FIDCs with in-house analysis of the quality of the receivables and the default history. This instrument is available mainly to qualified investors.
Real estate credit (via CRIs) is backed by property financing or lease agreements. Corporate credit (via debentures) finances companies’ projects or operations. In infrastructure, ESG analysis is integrated into the asset selection process.