Vinci Readies Commercial RE Fund

Brazil’s Vinci Partners is preparing a BRL500m ($355m) fundo de investimento imobiliario (FII) real estate fund for sale in the domestic market, according to regulatory documents. The Vinci Renda Imobiliaria fund will target retail, hotel and logistics properties in Sao Paulo, Rio de Janeiro and other large Brazilian cities. The fund may be upsized by as much as BRL175m. The timetable for closing is unclear. Itau is managing the placement.