Nearly 2,700 investors committed to the infrastructure fund launched by BB DTVM, the asset management division of Banco do Brasil, in partnership with Banco Votorantim and US-based Highland Capital. This resulted in a BRL315 million (€104.3 million; $141.9 million) infrastructure debt fund, the first of its kind to be listed on the São Paulo stock exchange, BM&F Bovespa.
First infra debt fund begins trading in Brazil
The BRL315m infra debt fund raised by Banco do Brasil’s BB DTVM and two others is the first such vehicle to be listed on the São Paulo stock exchange.
