KLA advises Rio Bravo Hedge Fund II offering

KLA advised the structuring and primary public offering of the first quota issuance of Rio Bravo Hedge Fund II, a real estate investment fund with active management focused on real estate credit assets, particularly Certificados de Recebíveis Imobiliários (CRIs).

The offering was registered with Brazil’s securities regulator, the CVM 160. The transaction exceeded its initial fundraising target, reaching approximately BRL304 million after part of the additional lot was used.

KLA’s team advised the fund’s administrator, manager and coordinators on the regulatory structuring of the transaction, the drafting and negotiation of the offering documentation, the fund’s formation and compliance with the regulatory requirements applicable to the public distribution of the quotas.

The transaction was led by partner Livia Siviero Huh, with support from lawyers Valnan Claret and Danielly Ribeiro, all from KLA’s Capital Markets and Real Estate practice.