Vextir · Verticals

Naut — Credit

Navigate risk
with the read
of those who originate.

Naut structures and allocates private credit where technical analysis creates an edge: well-designed collateral, direct origination and portfolio discipline in every deal.

Thesis
Structured private credit
Base
Risk · Collateral · Return
HQ
Vila Mariana — SP
Naut — Crédito
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01

Purpose

Credit is reading risk before it is allocating capital. The strength is in origination — understanding the borrower, the collateral and the cash flow before structuring any deal.

The name evokes navigation: reading the currents, measuring the route and proceeding with method. That is how Naut turns credit theses into resilient structures for Vextir’s portfolio.

01

Direct origination

Close relationship with originators, away from crowded channels.

02

Measured risk

Scenario modeling, collateral and repayment capacity.

03

Designed collateral

Protection structures defined before allocation.

04

Portfolio discipline

Diversification and monitoring throughout the cycle.

6
Credit fronts
3
Collateral layers
100%
Origination analyzed case by case
SP
Vila Mariana
02

Six fronts, one risk discipline

Structured private credit with collateral and predictable cash flow

C—01
Receivables

Corporate credit

Debt structuring for companies with predictable cash flow and real or performed-receivable collateral.

C—02
Collateral

Asset-backed credit

Deals backed by real estate, equipment or inventory, with defined coverage.

C—03
Structured

Special situations

Credit for specific situations — restructurings and asymmetric-return opportunities.

C—04
Working capital

Short-term credit

Working capital and receivables advance, with a short cycle and close monitoring.

C—05
Granular

Credit portfolios

Acquisition of granular portfolios with performance history and structured collection.

C—06
Capital markets

Securitization

Structured issuances — CRI, CRA and FIDC — to bring liquidity and scale to credit theses.

03

How we work

Naut combines origination, structuring and risk management to turn credit into consistent return.

F1

Origination

We identify deals away from crowded channels, with a direct relationship to the borrower and the collateral.

F2

Structuring

We design collateral, covenants and subordination suited to the risk before any allocation.

F3

Risk management

We monitor the portfolio continuously, with discipline in collection and asset recovery.

04

Analyst’s rigor,
allocator’s view

D—01

Risk reading

Technical analysis of borrower, collateral and repayment capacity.

D—02

Solid collateral

Protection structures designed for each deal.

D—03

Proprietary origination

Direct access to deals with a return edge.

D—04

Portfolio discipline

Diversification and limits set by thesis and sector.

D—05

Active recovery

Close follow-up and discipline in collection.

D—06

Capital markets

Securitization for liquidity and scale of the theses.

05

Partners & investees

We structure credit alongside companies across sectors, from origination to operation.

Clínica Lumae
Evolve
LocAgora
Buser
PegCard
Ser Consórcios
TKWS
Karvas Incorporadora
E-cred Rural
Pro Rural

Contact

Have a credit
deal?

Sede
Rua Santa Cruz, 722 — 2nd floor, suite 209 · Vila Mariana · São Paulo — SP · 04122-000, Brazil
Origination & partnerships