Vextir

Structures — Allocation vehicles

The structures
we use.

From securitization to investment vehicles, each thesis receives the instrument designed for the risk and the collateral it carries. Structure is not form — it is protection of collateral, transparency and alignment of interests.

Instruments
Six families
Foundation
Risk · Collateral · Governance
Headquarters
Vila Mariana — SP
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01

The right instrument
for each operation

Each deal receives the right instrument — from securitization to investment vehicles — chosen by the operation’s risk and collateral profile. We don’t start from the product: we start from the thesis, and the structure follows the risk.

E—01

Securitization

Collateral-backed issuance

Converts receivables and credit rights into tradable securities, isolating the risk in a dedicated vehicle.

When we use itTo bring liquidity and scale to an already originated portfolio.
E—02

FIDC

Receivables Investment Fund

Acquires receivables portfolios in a senior and subordinated share structure, with defined eligibility rules.

When we use itWhen there is a flow of receivables with measurable collateral and performance.
E—03

FIP / FIC

Equity Stakes / Shares

The FIP invests in equity stakes and consolidation; the FIC brings together, in a single vehicle, the firm’s theses and instruments.

Where it appearsFIP Boreal (equity stakes) and FIC Auroral (multi-thesis).
E—04

CRI

Real Estate Receivables Certificate

Security backed by real estate credits, with a real guarantee and favorable tax treatment for the individual investor.

When we use itCredit operations with real estate collateral.
E—05

CRA

Agribusiness Receivables Certificate

Security backed by agribusiness receivables, connecting capital to the producer and the production chain.

When we use itOperations backed by the agribusiness chain.
E—06

FIAGRO

Fund in Agro-industrial Chains

Vehicle dedicated to agribusiness assets — land, credit rights and equity stakes — under a single structure.

When it appliesStructured and diversified exposure to the agribusiness chain.
02

Anatomy of
an operation

F1

Origination

We identify the operation at the source — outside the saturated channels — with a direct relationship to the originator and the collateral.

F2

Analysis & diligence

We assess collateral, guarantees, cash flow and execution risk before any capital commitment.

F3

Structuring

We design the vehicle, the guarantees, the subordination and the covenants suited to the risk the operation carries.

F4

Issuance & distribution

We formalize the issuance and registration, with the service providers and the allocation defined for each class.

F5

Management & monitoring

We follow the portfolio throughout the entire cycle — compliance, default and asset recovery.

03

Tranches &
alignment

A structure distributes risk and return in layers. The order of payment and the absorption of losses define the profile of each class — and where Vextir positions itself.

Senior

First to be paid, last to bear risk. Payment priority and greater protection, for those seeking predictability.

Mezzanine

Intermediate layer — return and risk between the senior and the subordinated.

Subordinated

Absorbs the first loss and aligns the manager with the operation. This is where Vextir keeps skin in the game.

In our structures, Vextir tends to retain the subordinated share: our interest follows that of the investor, from the design of the operation to its settlement.

04

Governance
in the structure

G—01

Protection of collateral

Guarantees formalized and monitored, with priority in recovery and enforcement when necessary.

G—02

Trustee & custody

Independent third parties safeguard the financial flow and the rights of investors throughout the operation.

G—03

Transparency & reporting

Periodic reports on portfolio, default and compliance, with information accessible to the investor.

G—04

Compliance & prevention

Know-your-customer, fraud prevention and anti-money-laundering policies in every operation.

Contact

Let’s design the
right structure.

Headquarters
Rua Santa Cruz, 722 — 2nd floor, suite 209 · Vila Mariana · São Paulo — SP · 04122-000, Brazil
Structuring & relationship