CMN restricts FIDC investments in judicial and arbitral credits and expands disclosure rules
6 min
Alerts, News, Investiment Funds, Investment Funds
We serve 7 of the 10 largest asset managers in Brazil
We work in a multidisciplinary manner, integrating different areas of the firm to provide comprehensive legal solutions aligned with each client’s needs.
With deep regulatory knowledge and market insight, we advise managers, administrators, and other industry players on sophisticated transactions, ensuring legal certainty and efficiency. Our practice covers liquid funds, alternative funds, and innovative strategies, with emphasis on real estate investment funds (FII), agribusiness production chain funds (FIAGRO), private equity funds (FIP), receivables funds (FIDC), infrastructure funds, and funds focused on special situations and capital solutions.
We also support asset management operations, including the formation and accreditation of new asset managers, fiduciary administrators, and other market participants, with special attention to governance and compliance aspects. We have solid experience in sale/acquisition transactions and corporate restructurings of fund market participants, having taken part in some of the industry’s most significant deals.
Our goal is to deliver solutions that combine technical rigor and business vision, always in compliance with applicable regulations.
Além disso, apoiamos operações relacionadas a asset management, incluindo a constituição e credenciamento de novas gestoras de recursos e administradores fiduciários e outros participantes do mercado, com especial atenção a aspectos de governança e compliance. Temos sólida experiência em operações de venda/aquisição e reestruturações societárias de participantes do mercado de fundos, tendo participado de algumas das principais operações da indústria.
Nosso objetivo é entregar soluções que conciliem rigor técnico e visão de negócio, sempre em conformidade com as normas aplicáveis.
Legal services we offer to our clients.
Guidance on regulations and self-regulation applicable to investment fund operations and investments in Brazil, especially by CVM and CMN.
Structuring and full legal advisory for funds focused on investments in companies.
Support in formation, management, and transactions involving real estate assets.
Consulting on structuring and regulation of funds focused on acquiring receivables.
Advisory on traditional funds and diversified strategies.
Structuring and operation of index funds.
Legal support for funds focused on infrastructure projects.
Structuring vehicles with allocation strategies in other funds.
Support in implementing structures with offshore vehicles for investments in Brazil or abroad.
Advisory on operations and structuring vehicles for acquiring special situations and capital solutions assets, such as judicial assets (precatórios), stressed assets, royalties, among others.
Structuring and execution of private and public offerings of fund shares.
Advisory on secondary transactions involving purchase and sale of fund shares.
Consulting on co-investments involving multiple vehicles and/or asset managers.
Advisory on regulatory and self-regulatory matters.
Legal support for day-to-day fiduciary administration and asset management activities.
Related Practice Areas
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Lefosse is recognized by Chambers Global in Investment Funds, consecutively since 2021.
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Lefosse is recognized by Chambers Transactional in Investment Funds (Brazil), from 2021 to 2025.
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Lefosse is recognized by IFLR1000 in Investment Funds (Brazil), consecutively since 2022.
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Lefosse is recognized by Leaders League Transactions & Deals in Investment Funds (Brazil) from 2022 to 2023 and in Fund Structuring (Brazil) consecutively since 2023.
Felipe Paiva
Partner
Investment Funds, Private Credit
Roberto Zarour Filho
Partner
Restructuring and Insolvency, Banking and Finance, Investment Funds, Private Credit
Rua Iguatemi, 151
14º andar
01451-011 - Itaim Bibi
São Paulo - SP, Brazil
+55 11 3024-6100
Praia do Flamengo, 200
20º andar
22210-901 - Flamengo
Rio de Janeiro - RJ, Brazil
+55 21 3263-5480
SCS Quadra 09,
Edifício Parque Cidade Corporate
Torre B - 8º andar
70308-200 - Asa Sul
Brasília ? DF, Brazil
+55 61 3957-1000
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