Brazil’s best fixed income house 2026: BR Partners

BR Partners Banco de Investimento maintained leading positions in Brazilian league tables across key fixed income sub-segments such as real estate receivables certificates, real estate investment funds and receivables investment funds. The bank concentrates on areas where structuring can overcome difficult funding conditions, including real estate, corporate debt and less conventional credit portfolios.

Origination, structuring, coordination and distribution sit within one senior team, enabling transactions to be adapted rapidly as investor demand changes. During 2025, that involved moving proposed issues from inflation-linked to floating-rate formats as investor preferences shifted towards exposure to the interbank deposit rate. In some cases, more complex structures combined both approaches or allowed issuers to switch through call options. This improved book quality and reduced placement risk without losing sight of borrowers’ underlying asset and liability profiles.

Origination, structuring, coordination and distribution sit within one senior team, enabling transactions to be adapted rapidly as investor demand changes

A key transaction for vehicle finance company Omni saw the bank structure a multi-tranche debenture of up to BRL1 billion ($201 million), accommodating different investor risk appetites. Another transaction for Brazilian fintech Jeitto involved securitising consumer credit for lower income borrowers, which required detailed analysis of a portfolio with comparatively high default risk.

BR Partners also found alternatives to conventional cash fundraising. The seventh issue by the GARE11 real estate investment fund exceeded BRL1.2 billion and used asset-for-quota exchanges to support approximately 10 acquisitions despite weaker liquidity. Expanded committed repo activity provided short-term investments for institutional counterparties while helping BR Partners optimise its own funding.

Proprietary technology supports this execution model. Internal tools monitor filings with the CVM, Brazil’s securities regulator, alongside secondary market activity and real estate funds’ cash positions, helping the team identify distribution and repo opportunities. AI has also reduced manual work in research, drafting and data analysis.