Plural Closes FoF FII

Brasil Plural has closed BRL200m ($99m) fund of funds investing in domestic real estate funds, according to regulatory documents. The Fundo de Investimento Imobiliario (FII) Brasil Plural Absoluto Fundo de Fundos will look to invest at least 90% in other FII funds and up to 10% in other real estate securities, such as Certificados de Recibiveis Imobiliarios (CRI) or Letras Hipotecarias (LH). Plural managed the placement itself.