BTG RE Fund Sets Price

BTG RE Fund Sets Price

Brazil Equity

BTG Pactual has priced the reopening of its corporate real estate fund, and has raised the first BRL683m ($325m) of what could be a BRL2bn operation. The Fundo de Investimento Imobiliario (FII) BTG Pactual Corporate Office Fund set a BRL154.00 price, and has sold 4.4m secondary quotas, as the shares are known. The fund may complete within the next two months the sale of an additional 2.5m secondary quotas, which would then be followed by the sale of up to 6.2m primary quotas, bringing the amount

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