Caixa Preps RE Fund

Brazil’s Caixa Economica Federal has filed to raise a BRL200m-BRL300m ($99m-$198m) Fundo de Investimento Imobiliario (FII) real estate fund in Brazil’s domestic market, according to the CVM. The vehicle, which has an open-ended timeframe, will invest in real estate assets. The bank does not indicate the timing or expected return profile. Caixa is managing the sale itself, along with Rio Bravo Investments, who is also administrator.