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    • PULV11
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    Infrastructure

    • RBR Infra DI Renda Mais
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    International Investments

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    Real Estate Multi-Strategy

    • RBRX11
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    Income / Core

    • TOPP11
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    • RBRL11
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    • TOPP11
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    • RBRL11
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    Real Estate Development

    • RBR Desenvolvimento Residencial I
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    • ILOG11
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    • Real Estate Credit
      • PULV11
      • FIDC RBR I
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      • RBR Crédito Imobiliário Special Opportunities
    • Real Estate Development
      • RBR Desenvolvimento Comercial Feeder
      • RBR Desenvolvimento Comercial I
      • RBR Desenvolvimento Logístico I
      • RBR Desenvolvimento Residencial I
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      • RBR Flagship
    • Infrastructure
      • RBR Infra DI Renda Mais
      • RBRJ11
      • RBR Infra Crédito CDI FIP-Infra
      • RBR Infra Crédito Pré FIP-Infra
    • International Investments
      • RBR Club IV
      • RBR Multifamily Club IV
      • Credit Opportunities
      • RBR Club I
      • RBR Club II
      • RBR Club II FIM CP IE
      • RBR Club III
      • RBR Club III Advisory FIM CP IE
      • RBR Club III FIM CP IE
      • RBR Club IV FIP
    • Real Estate Multi-Strategy
      • RBRX11
      • RBR FOF Imobiliário
      • RBRF11
    • Income / Core
      • TOPP11
      • RBR Malls
      • RBR Prime Offices
      • RBRL11
      • RBRP11
    • Real Estate Credit
      • PULV11
      • FIDC RBR I
      • RBRR11
      • RBRY11
      • ROPP11
      • RPRI11
      • RBR Crédito Imobiliário Special Opportunities
    • Real Estate Development
      • RBR Desenvolvimento Comercial Feeder
      • RBR Desenvolvimento Comercial I
      • RBR Desenvolvimento Logístico I
      • RBR Desenvolvimento Residencial I
      • RBR Desenvolvimento Residencial II
      • RBR Desenvolvimento Residencial III
      • RBR Desenvolvimento Residencial IV
      • RBR Flagship
    • Infrastructure
      • RBR Infra DI Renda Mais
      • RBRJ11
      • RBR Infra Crédito CDI FIP-Infra
      • RBR Infra Crédito Pré FIP-Infra
    • International Investments
      • RBR Club IV
      • RBR Multifamily Club IV
      • Credit Opportunities
      • RBR Club I
      • RBR Club II
      • RBR Club II FIM CP IE
      • RBR Club III
      • RBR Club III Advisory FIM CP IE
      • RBR Club III FIM CP IE
      • RBR Club IV FIP
    • Real Estate Multi-Strategy
      • RBRX11
      • RBR FOF Imobiliário
      • RBRF11
    • Income / Core
      • TOPP11
      • RBR Malls
      • RBR Prime Offices
      • RBRL11
      • RBRP11
    • Real Estate Credit
      • PULV11
      • FIDC RBR I
      • RBRR11
      • RBRY11
      • ROPP11
      • RPRI11
      • RBR Crédito Imobiliário Special Opportunities
    • Real Estate Development
      • RBR Desenvolvimento Comercial Feeder
      • RBR Desenvolvimento Comercial I
      • RBR Desenvolvimento Logístico I
      • RBR Desenvolvimento Residencial I
      • RBR Desenvolvimento Residencial II
      • RBR Desenvolvimento Residencial III
      • RBR Desenvolvimento Residencial IV
      • RBR Flagship
    • Infrastructure
      • RBR Infra DI Renda Mais
      • RBRJ11
      • RBR Infra Crédito CDI FIP-Infra
      • RBR Infra Crédito Pré FIP-Infra
    • International Investments
      • RBR Club IV
      • RBR Multifamily Club IV
      • Credit Opportunities
      • RBR Club I
      • RBR Club II
      • RBR Club II FIM CP IE
      • RBR Club III
      • RBR Club III Advisory FIM CP IE
      • RBR Club III FIM CP IE
      • RBR Club IV FIP
    • Real Estate Multi-Strategy
      • RBRX11
      • RBR FOF Imobiliário
      • RBRF11
    • Income / Core
      • TOPP11
      • RBR Malls
      • RBR Prime Offices
      • RBRL11
      • RBRP11
    • Real Estate Credit
      • PULV11
      • FIDC RBR I
      • RBRR11
      • RBRY11
      • ROPP11
      • RPRI11
      • RBR Crédito Imobiliário Special Opportunities
    • Real Estate Development
      • RBR Desenvolvimento Comercial Feeder
      • RBR Desenvolvimento Comercial I
      • RBR Desenvolvimento Logístico I
      • RBR Desenvolvimento Residencial I
      • RBR Desenvolvimento Residencial II
      • RBR Desenvolvimento Residencial III
      • RBR Desenvolvimento Residencial IV
      • RBR Flagship
    • Infrastructure
      • RBR Infra DI Renda Mais
      • RBRJ11
      • RBR Infra Crédito CDI FIP-Infra
      • RBR Infra Crédito Pré FIP-Infra
    • International Investments
      • RBR Club IV
      • RBR Multifamily Club IV
      • Credit Opportunities
      • RBR Club I
      • RBR Club II
      • RBR Club II FIM CP IE
      • RBR Club III
      • RBR Club III Advisory FIM CP IE
      • RBR Club III FIM CP IE
      • RBR Club IV FIP
    • Real Estate Multi-Strategy
      • RBRX11
      • RBR FOF Imobiliário
      • RBRF11
    • Income / Core
      • TOPP11
      • RBR Malls
      • RBR Prime Offices
      • RBRL11
      • RBRP11
  • Areas of Expertise
    • Real Estate Brazil
    • Real Estate USA
    • Infrastructure
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About RBR

Independence, focus, and long-term commitment to your capital.

These principles define RBR’s identity.

As an independent investment manager, we specialize in real assets with a dedicated focus on real estate and infrastructure. Our team of experienced professionals and partners are fully committed to RBR, free from ties to large financial institutions, ensuring alignment of interests and unbiased decision-making.

Our mission is to generate consistent, risk-adjusted returns with responsibility and investor proximity. For more than a decade, we have expanded with resilience, cultivating enduring partnerships and creating real value through tangible investments and distinctive strategies.

R$11 Billion

under management

11 Years

of track record

60 Specialists

with 3 based in the U.S.

Team

See more
Bruno Franciulli

Bruno Franciulli

Partner at RBR and Head of Investor Relations. Holds a degree in Business Administration from EAESP (Fundação Getulio Vargas).

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Bruno Nardo

Bruno Nardo

Partner at RBR and Portfolio Manager for the Liquid Assets / Multi-Strategy division. Holds a degree in Economics from Insper (IBMEC-SP) and an MBA in Real Estate from FUPAM (a foundation affiliated with USP).

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Caio Castro

Caio Castro

Partner at RBR and member of the Investment Committee. He is the Portfolio Manager for the Properties division. Holds a degree in Economics from Mackenzie University and an MBA in Finance from Insper.

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Felipe Schucman

Felipe Schucman

Partner at RBR and member of the Real Estate Development division. Holds a degree in Economics from Insper and a Law degree from Pontifícia Universidade Católica de São Paulo (PUC-SP). He earned a Master’s in Real Estate Development from the School of Architecture and Design at IE in Madrid, Spain, and is a specialist in Real Estate Law from EAESP Law School (Fundação Getulio Vargas).

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Franklin Tanioka

Franklin Tanioka

Partner at RBR and Co-Portfolio Manager for the Income division. Holds a degree in Civil Engineering from the Polytechnic School of the University of São Paulo (USP) and a postgraduate degree in Finance from Insper-SP.

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Guilherme Antunes

Guilherme Antunes

Partner at RBR and Portfolio Manager for the Real Estate Credit division. Holds a degree in Economics from IBMEC, Rio de Janeiro.

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Guilherme Bueno Netto

Guilherme Bueno Netto

Founding Partner of RBR and member of the Investment Committee. He is the portfolio manager for the Development and Real Estate Income strategies. Holds a degree in Business Administration from EAESP (Fundação Getulio Vargas).

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Guilherme Manuppella

Guilherme Manuppella

Partner at RBR and Co-Portfolio Manager for the Credit division. Holds a degree in Economics from Pontifícia Universidade Católica de São Paulo (PUC-SP).

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Livia Duarte Parise

Livia Duarte Parise

Partner at RBR and Head of People & Culture. Holds a degree in Business Administration from FAAP and an MBA in Finance from Insper.

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Lucas Manna Sponda

Lucas Manna Sponda

Partner at RBR and Head of the Legal division. Holds a Law degree from Mackenzie Presbyterian University and a postgraduate degree in Corporate Finance and Investment Banking from FIA Business School.

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Matheus Bordini

Matheus Bordini

Partner at RBR and Head of Funds Operations. Holds a degree in Mechanical Engineering from the Polytechnic School of the University of São Paulo (USP).

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Raphael Barcelos

Raphael Barcelos

Partner at RBR and Portfolio Manager for the Infrastructure division. Holds a degree in Accounting with complementary studies in Finance from UFMG.

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Ricardo Almendra

Ricardo Almendra

Founder and CEO of RBR, Ricardo also serves as a member of the firm’s Investment Committee. He holds a degree in Business Administration from EAESP (Fundação Getulio Vargas) and a postgraduate degree in Economics from the same institution.

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Ricardo Costa

Ricardo Costa

Partner at RBR and Portfolio Manager for the Offshore division. Holds a degree in Business Administration from EAESP (Fundação Getulio Vargas) and an MBA from Columbia Business School (Columbia University – New York).

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Ricardo Mahlmann de Almeida

Ricardo Mahlmann de Almeida

Partner and COO at RBR. Holds a Law degree from the Faculty of Law of Largo de São Francisco (University of São Paulo – USP) and an MBA in Finance from Insper.

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Stephanie Camacho

Stephanie Camacho

Partner at RBR and Head of Investor Relations. Holds a degree in International Relations, with a concentration in Finance and Marketing, from ESPM (Escola Superior de Propaganda e Marketing).

Investing Responsibly Has Always Been Part of Our DNA

Long before ESG became a market trend, RBR had already embraced a conscious approach in all its relationships — with employees, investors, partners, and society.

Discover how we integrate environmental, social, and governance responsibility into every investment.

Explore our ESG approach

Timeline

2014

The Beginning of RBR

RBR founded with a focus on residential development in São Paulo

2015

High interest rates drive opportunities and discounts in publicly traded real estate funds - origin of our liquid assets strategy

2016

Launch of real-estate income (brick & mortar) strategy through acquisitions below replacement cost

2017

First structured real estate credit (CRI)operations during market uncertainty

2019

The Beginning of RBRU. S. with the current crop of Clubs – strategy, residential multifamily

2022

Start the infrastructure strategy with project finance building and acquiring the securities private

2025

R$11 billion in assets under management and a team of over 60 professionals

Regulatory Documents

Name

Date of update

Regulatory Documents

RBR Management

Name

Date of update

LIQUIDITY RISK MANAGEMENT MANUAL FOR OPEN-END FUNDS
31/03/2025
RISK MANAGEMENT POLICY
31/03/2025
REFERENCE FORM
31/03/2025
DISCLOSURE POLICY FOR MATERIAL ACTS OR FACTS
28/02/2025
FINANCIAL STATEMENTS
31/12/2024
STRUCTURED ANNUAL REPORT
01/12/2024
CREDIT RATING REPORT – MOODY’S
01/11/2024
COMPLIANCE MANUAL AND CODE OF ETHICS
08/07/2024
VOTING POLICY
03/07/2024
ORDER ALLOCATION AND DIVISION POLICY
11/01/2023
LIQUIDITY RISK MANAGEMENT MANUAL FOR 555 FUNDS
11/01/2023
REAL ESTATE ASSET ACQUISITION POLICY
11/01/2023
PRIVATE CREDIT ASSET ACQUISITION MANUAL
11/01/2023
PERSONAL INVESTMENT POLICY
11/01/2023
RBR HANDBOOK – INVESTING THE BETTER WAY
27/04/2022
ASSET VALUATION MANUAL | BRL TRUST
27/05/2019
ASSET VALUATION MANUAL | BTG PACTUAL
25/05/2019
RBR Private Equity

Name

Date of update

REFERENCE FORM
31/03/2025
DISCLOSURE POLICY FOR MATERIAL ACTS OR FACTS
28/02/2025
COMPLIANCE MANUAL AND CODE OF ETHICS
08/07/2024
VOTING POLICY
03/07/2024
REAL ESTATE ASSET ACQUISITION POLICY
11/01/2023
ORDER ALLOCATION AND DIVISION POLICY
11/01/2023
RISK MANAGEMENT POLICY
11/01/2023
PERSONAL INVESTMENT POLICY
11/01/2023
RBR Infrastructure

Name

Date of update

REFERENCE FORM
31/03/2025
DISCLOSURE POLICY FOR MATERIAL ACTS OR FACTS
28/02/2025
COMPLIANCE MANUAL AND CODE OF ETHICS
08/07/2024
VOTING POLICY
03/07/2024
LIQUIDITY RISK MANAGEMENT MANUAL FOR 555 FUNDS
11/01/2023
PRIVATE CREDIT ASSET ACQUISITION MANUAL
11/01/2023
ORDER ALLOCATION AND DIVISION POLICY
11/01/2023
PERSONAL INVESTMENT POLICY
11/01/2023

Sumários de Taxas Globais dos Fundos

Documents

Name

Date of update

FII RBR OPORTUNIDADES EM CRÉDITO IMOBILIÁRIO RL
30/05/2025
RBR MULTIFAMILY CLUB IV FUNDO DE INVESTIMENTO EM PARTICIPAÇÕES MULTIESTRATÉGIA
28/04/2025
RBR INFRA DI RENDA MAIS FUNDO INCENTIVADO DE INVESTIMENTO EM INFRAESTRUTURA RENDA FIXA
17/04/2025
RBR CLUB IV FUNDO DE INVESTIMENTO EM PARTICIPAÇÕES MULTIESTRATÉGIA
26/03/2025

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Our areas of expertise

Real Estate Brazil

RBR provides leading investment solutions and access to the Brazilian real estate market across four strategies: Development, Income, Credit, and Multi-Strategy.

View strategy and funds

Real Estate USA

Operating in New York since 2016, RBR is a leading player in residential building retrofits in the multifamily segment.

View strategy and funds

Infrastructure Investment

Investments in infrastructure via exclusive RBR operations. Focus sectors include public lighting, power generation, transmission, urban mobility, highways, port terminals, airports, sanitation, and digital infrastructure.

View strategy and funds

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  • 575 5th Avenue, 15th Floor, New York, NY 10017, USA

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