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Jaguar Growth Partners Acquires Brazilian Real Estate Securitization Platform.

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MANews-(C)2009-2021

US-based investment management firm Jaguar Growth Partners has acquired Brazilian real estate securitization platform RB SEC, from RB Capital, the company said.

RB SEC has issued more than BRL 44bn in tradable securities for many of Brazil's largest companies and multinational brands. Nearly 80% of these securities are in real estate, diversified across asset classes.

RB SEC warehouses, structures, packages and securitizes receivables, thus transforming relatively illiquid individual assets into liquid securities.

The firm also monitors obligations, ratings renewals, covenants and payments.

In 2018, for example, a Jaguar-managed fund invested in Bresco Investimentos (Bresco), a leading Brazilian industrial real estate property company headquartered in Sao Paulo.

Since Jaguar's investment, Bresco has raised BRL 1bn, via public offerings, for one of its logistics real estate funds.

The RB SEC acquisition was made through Jaguar's second Latin American fund, which focuses on investing opportunistically in real estate-related operating platforms and companies in key markets.

Previous Jaguar investments in Latin America include LatAm Logistic Properties, Aliansce Shopping Centers, Vesta, Hoteles City Express, Bresco Investimentos and Colombian Healthcare Properties.

Headquartered in New York with affiliated offices in Latin America and Asia, Jaguar is a privately-held investment management firm focused on real estate companies and operating...

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