WorldVest, a global merchant bank, plans to launch ‘WorldVest Brasil Finance FIDC’ (WVB Finance FIDC) as its initial investment, to enter the Brazilian consumer finance market.
WVB Finance FIDC marks WorldVest’s entry into the Brazilian financial market and a fulfillment of its mission to identify opportunities to generate outsized, risk-adjusted returns across global markets.
It will be structured as a fundo de investimento em direitos creditorios (FIDC), which is a Brazilian securitized finance fund consisting of senior and subordinated shares. It will initially invest in credits generated within the retail sector such as consumer direct credits (CDC) and credit cards (CC), however, it aims to grow into other areas of the Brazilian financial markets.
Garrett Krause, chairman and CEO of WorldVest, said: “We have seen a tremendous appetite from global investors for access to the Brazilian finance sector and look forward to this opportunity to position WorldVest as their partner of choice in this market.”
