RBR Asset Management

What RBR Asset Management does

RBR Asset Management is an independent Brazilian real estate and infrastructure asset manager founded in 2013 and headquartered in São Paulo, with a secondary office in New York operating since 2016. Following the February 2026 sale of 12 listed real estate funds (approximately R$ 8 billion AUM) to Patria Investments, the firm continues to operate independently with approximately R$ 4.5 billion in assets under management, organized as a partnership of 12 partners and 33 collaborators (45 total employees). The firm serves qualified investors (R$ 1 million minimum), general retail investors trading listed funds on B3, and professional investors seeking international diversification, with products distributed directly and through 10+ Brazilian brokerages and banks.

The firm's product suite spans 40+ vehicles across six categories: real estate development (Flagship I/II, residential, logistics, commercial); real estate credit (CDI/IPCA-indexed, CRI, FIDC); income/properties (offices, malls, logistics); multi-strategy (FOF and listed vehicles); infrastructure (FIP-Infra, smart cities, public lighting); and international real estate (RBR Club I-IV multifamily retrofit in New York). Distribution combines direct relationship management for exclusive funds with broker-channel distribution for listed funds. The business model is asset-management fee-based, with recurring management fees on AUM and supplemental performance fees, supplemented by co-investment LP participation in third-party vehicles (e.g., CashGO FIDC).

Revenue mechanics are typical of Brazilian fund management: management fees on AUM (generally 1-1.5% for listed FIIs, higher for exclusive and development funds) plus performance fees on flagship and credit strategies. There is no proprietary technology platform; competitive differentiation rests on partnership alignment, 12+ years of track record, ESG credentials (UN PRI signatory, GRESB evaluations, LEED/EDGE/AQUA asset certifications), the Moody's Local MQ2.br quality rating (January 2026), and on-the-ground US origination capability. The Patria transaction reset the firm to a smaller but higher-conviction lineup focused on development, credit, infrastructure, and international real estate.

Name

RBR Asset Management

Legal name

RBR Asset Management

Website

https://rbrasset.com.br

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

RBR Asset Management is an independent Brazilian real estate and infrastructure asset manager (founded 2013, São Paulo) operating 40+ investment funds with R$ 4.5 billion AUM, serving qualified and retail investors across Brazil and the US after divesting its listed-fund business to Patria in February 2026.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Asset management
• Real estate funds
• Infrastructure investment
• Real estate credit
• FII management

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: RBR generates revenue through management fees charged on its various investment funds, including real estate funds (FIIs), infrastructure funds, and international investment funds. The firm allocates 1% of management fees from RBR Properties fund to Instituto Sol as part of its social investment commitment.
2. Performance Fees: Income from fund performance. The company operates on a partnership structure where partners' capital is invested alongside investors, creating alignment of interests and potential performance-based returns.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

RBR Asset Management is an independent Brazilian asset manager that manages investment funds focused on real estate and infrastructure across Brazil and the United States. The firm offers a diversified portfolio of 40+ funds spanning real estate development, credit, income/properties, multi-strategy, and infrastructure, as well as international US multifamily residential investment vehicles. It distributes listed funds through the B3 stock exchange and exclusive funds directly to qualified investors with R$1M+ in financial investments, currently managing approximately R$4.5 billion in assets.

Product overview

RBR Asset Management is an independent Brazilian asset manager offering a diversified portfolio of 40+ investment funds across real estate and infrastructure. The product suite spans: (1) Real Estate Development Funds (Brazil) - including RBR Flagship I/II, residential development funds (RBR Desenvolvimento Residencial I-IV), logistics development (RBR Desenvolvimento Logístico I, ILOG11), and commercial development; (2) Real Estate Credit Funds - including RBR Tesouraria FII CDI+/IPCA+, RBR Renda+ CRI CDI 1, PULV11, and special opportunities funds; (3) Real Estate Income/Properties Funds - including RBR Properties (RBRP11), RBR Top Offices (TOPP11), RBR Prime Offices, RBR Malls, and RBR Log (RBRL11); (4) Real Estate Multi-Strategy Funds - including RBR FOF Imobiliário, RBRF11, and RBRX11; (5) Infrastructure Funds - including RBR Infra DI Renda Mais, RBRJ11, RBR Infra Crédito CDI/Pré FIP-Infra, RBR Smart Cities I, and RBR Infra Advisory Pré III Renda+; and (6) International Real Estate Funds (USA) - the RBR Club series (I-IV) focused on multifamily residential retrofit in New York, plus Credit Opportunities and multifamily-specific vehicles. The firm manages approximately R$ 4.5 billion in assets and operates across Brazil and the USA.

Differentiator

Problem solved

Functional benefit

Products and services

• RBR Flagship I & II (Real Estate Development Funds)

Quantifiable outcome

• R$ 8 billion in assets managed across listed real estate funds prior to Patria transaction
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Itaú AssetcoreStrategic or Co-development PartnerRBR partnered with Itaú Asset to create a R$ 355 million fund for warehouse development, the first fund raised after the sale of listed funds to Patria. Joint investment in logistics real estate development in Brazil.
• Inter (Banco Inter)coreChannel Partner/ Reseller/ DistributorInter acted as lead distributor for RBR's PULV11 fund (R$ 40 million issuance), a fund specialized in diversified real estate credit.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Vinci Partners: Brazilian alternative asset manager with material real estate and infrastructure fund franchises, listed on Nasdaq. Closest comparable to RBR in terms of multi-strategy real-assets platform, listed FIIs, and infrastructure FIPs in Brazil.
• Kinea Investimentos: Brazilian asset manager owned by Itaúsa with strong real estate (FIIs) and private credit businesses. Competes head-to-head with RBR across listed real estate funds and private credit vehicles distributed via the Itaú platform.
• XP Asset Management: Asset management arm of XP Inc., managing a broad suite of listed FIIs and private real-estate and credit funds distributed through the XP platform — a direct channel competitor for retail and qualified-investor flows.
• Hedge Investments: Independent Brazilian asset manager with multi-strategy real estate funds (development, income, credit). Closely comparable firm in size, structure, and product mix to RBR.
• Capitânia Investimentos: Brazilian real estate credit and structured-credit asset manager with listed FIIs and private vehicles. Overlaps directly with RBR's real-estate credit (CRI/CDI/IPCA) book.
• Bresco Investimentos: Independent Brazilian real estate asset manager specializing in development, income, and credit strategies for Brazilian institutional and qualified investors. Similar scale and product breadth to RBR.
• HSI Investimentos: Brazilian asset manager focused on real estate and infrastructure funds, including listed FIIs. Comparable peer in sub-strategies served and Brazilian qualified-investor distribution.

Broad incumbents

• BTG Pactual: Largest Brazilian investment bank and asset manager with a sizable real estate fund operation including listed FIIs. A broad incumbent whose scale and distribution dwarf RBR's in the same listed-fund segment.
• Patria Investments: Brazilian alternative asset manager (Nasdaq-listed) that just acquired RBR's R$ 8B listed-fund franchise. As the buyer of RBR's listed business, it is a direct incumbent in that segment and a likely institutional co-invest partner going forward.

Emerging players

• BlueRock Capital: New York-based multifamily and value-add real estate operator. Directly comparable to the strategy underlying RBR's NY-based RBR Club I-IV multifamily retrofit funds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCfeFPKDC7gEP_BOaIdY46jw
• LinkedInlinkedin.com/company/rbr-asset-management
• Instagraminstagram.com/rbr.asset
• Xx.com/assetrbr
• Facebookfacebook.com/rbrassetmanagement

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RBR Asset Management