Family Office Raising Fund for Brazilians to Buy US Property (1)

A group of investors led by a family office are raising a $30 million fund to allow Brazilians to tap into the US real estate market in the fast-growing Sun Belt.

Thiago Pestana, who manages money at Pestana Capital out of Miami, has teamed up with Cesar Viana and his SuccessPar real estate firm to create the fund, which is open to onshore and offshore investors through a Bahamas-based structure.

Thiago Pestana

Source: Pestana Capital

Named SP2 Investments, the partnership will deploy the money by providing mortgages, buying homes in foreclosure at auction for resale, and the construction of multifamily units and other properties, ...