Private-Credit Fund in the Works at Brazil Asset-Management Firm

SulAmerica Investimentos, the asset-management arm of one of Brazil’s largest insurance companies, is planning its first private-credit fund focused on project financing as spreads for plain-vanilla local bonds shrink, squeezing returns for more traditional funds.

“Our two major fronts today are more structured products, both in the real estate and infrastructure worlds,” Daniela Gamboa, head of private credit at SulAmerica Investimentos, said in an interview. “A lot of people are getting into project finance; it’s a hot spot and there is a lot to be done there.”

Daniele Gamboa, head of private credit at SulAmerica Investimentos

Source: SulAmerica Investimentos

Private-credit funds are booming in Brazil with interest rates set ...