Insights

Technical knowledge on the assets we structure.

Reference pages on the asset classes at our core. This is not sales material: there are no return projections and no mention of transactions, sellers or investors.

01What a precatório isThe budgetary queue, the nature of the claim and how assignment works — the essentials of why a decided case does not settle the question of timing.
02What NPL meansNon-performing portfolios, the difference between granular and corporate, and why the servicer matters as much as the stock.
03Municipal active debt and Complementary Law 208/2024What the law enabled, what it preserved, and why registered value is not recoverable value.
04Judicial claims as an assetHow procedural stage defines eligibility, and why probability of success is not enough.
05Complexity and illiquidity premiaWhy complex credit assets are priced at a discount — and what that discount actually compensates.

Educational and technical content. It does not constitute a legal opinion, an investment recommendation or analysis of any specific transaction.