Prinz Capital Raises R$ 100 Million in 7 Days for Multi-Market Fund

Achieving Success Amidst a Challenging Year

In a difficult year for net funding in the industry, Prinz Capital defied expectations and managed to raise an impressive R$ 100 million in just seven days for their multi-market fund, Prinz Discovery CE FIM. This fund focuses on investments in credit rights funds (FIDCs).

Prinz Capital initially projected reaching this milestone in up to 45 days, but they surpassed their own expectations. Currently, Prinz Capital manages a total of BRL 400 million.

The Favorable Factors

The success of Prinz Capital’s funding can be attributed to the structured credit market’s low correction with credit assets. This market benefits from the high dispersion of creditors and exposure to different sectors. These factors contribute to reducing risk and attracting investors.

A Qualified Investor’s Opportunity

Prinz Discovery CE FIM is aimed at qualified investors who have more than R$ 1 million in investments. The launch of the fund was lightning fast, and shortly after opening, it was fully subscribed.

A Challenging Year for Credit

Prinz Capital acknowledges that the year has been quite challenging due to external pressures, such as the bankruptcy of regional banks in the United States. Additionally, events involving names like Americanas (AMER3) and Light (ELEVATOR3) increased market uncertainties.

A Positive Outlook

Despite the difficulties, Prinz Capital believes that the stress scenario is diminishing as the Central Bank provides more indications of the monetary easing cycle. This positive outlook creates a more stable environment for investors.

Recovery in the Market

After a period of increased stress, Prinz Capital observes that arrears and defaults among FIDCs have started to slow down. The market, which started the year on edge, especially after the Americanas event, has since returned to normality, with a noticeable improvement in delinquency cases from May onwards.

Related Article: Large Technology and Paper Companies Boost Capital Funds’ Profits

In addition to Prinz Capital’s success story, there has been a surge in profitability for capital funds, with large technology and paper companies leading the way. This trend presents new opportunities for investors seeking high returns.

Conclusion

Despite the challenging year for credit, Prinz Capital has managed to overcome obstacles and achieve remarkable success. Their ability to raise R$ 100 million in just a week demonstrates strong investor confidence and support in the structured credit market. With expectations of a brighter future ahead, Prinz Capital looks poised for further growth and prosperity.

In a difficult year in terms of net funding (inflows minus outflows) for the industry, Prinz Capital managed to raise R$ 100 million in just seven days for a multi-market fund, Prinz Discovery CE FIM, which invests in credit rights funds ( FIDCs).

The manager’s expectation was to reach this mark in up to 45 days. Currently, Prinz manages BRL 400 million.

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According to the house, the funding result was favored by the fact that the structured credit market has low correction with credit assets, given the high dispersion of creditors and exposure to different sectors.

The fund is aimed at qualified investors, that is, those who have more than R$ 1 million in investments. The launch was lightning fast and shortly after opening, the product was shut down.

difficult year for credit

The manager recalls that the year was quite complicated due to pressure from abroad with the bankruptcy of regional banks in the United States, as well as events involving names such as Americanas (AMER3) and light (ELEVATOR3).

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Despite the difficulties, the house says that the stress scenario tends to be left behind and dissipated, as the Central Bank gives more indications of what the cycle of monetary easing will be like.

In the B3 digital options market, the implied probability of a 0.25-point Selic cut placed by financial agents was 64%, while bets on a 0.50-point downside were 28% last Friday (17 ).

After a period of increased stress, Prinz also notes that arrears and defaults among FIDCs have slowed.

“The market started the year very stressed, especially after the Americanas event, which contributed to an increase in delinquency cases. As of May and especially as of June, we identified that the situation returned to normality”, highlighted the house.

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