Software para fundos de private credit em Brazil
Uma plataforma para pipeline de originação, diligence de crédito, tracking de covenants, vigilância de portfólio e reporting a LPs, com preço em BRL.
A Reuben AI é usada por times de private credit em múltiplas jurisdições. Esta página resume como a plataforma se encaixa no contexto regulatório e estrutural em que times de private credit em Brazil normalmente operam.
A private credit manager originates loans, monitors covenants and services cash flows on a schedule. The operating problem is that credit is a continuous obligation rather than an episodic one: interest, amortisation and covenant tests fall due whether or not anyone is watching.
Contexto regulatório em Brazil
O regulador principal de serviços financeiros é CVM (Comissão de Valores Mobiliários), com veículos de fundo que também envolvem Anbima (Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais).
Brazilian private capital typically uses Fundos de Investimento em Participações (FIP) governed by CVM Resolução 175, with monthly CDA portfolio reporting, Anbima best-practice compliance, and PLD/FT programme oversight.
Brazilian private credit typically uses Fundos de Investimento em Direitos Creditórios (FIDC) governed by CVM Resolução 175.
Estruturas de fundo que costumamos ver
- Fundo de Investimento em Participações (FIP) under CVM Resolução 175
- Fundo de Investimento Multimercado (FIM)
- Administrator and Gestor registered with the CVM
A Reuben AI é agnóstica à estrutura. Armazena dados de investimento, LP e portfólio em um modelo compartilhado que se mapeia de forma limpa para cada um dos wrappers de veículo acima. Não é uma ferramenta de aconselhamento jurídico, fiscal ou regulatório. Decisões de constituição e estrutura de fundo devem ser tomadas com aconselhamento local qualificado.
Profundidade de mercado para Brazil
Brazil is a priority market for VC and PE. Reuben AI is used by gestoras across São Paulo and Rio, with workflows aligned to CVM Resolução 175 and Anbima best practices for FIPs.
Profundidade regulatória
- CVM Resolução 175: the consolidated regulatory framework for investment funds, including the FIP (Fundo de Investimento em Participações) annex on structured funds.
- CVM Resolução 21: registration and conduct requirements for administradores and gestores de recursos.
- Anbima: Código de Regulação e Melhores Práticas para Administração de Recursos de Terceiros.
- Resolução CMN 4.373: investor-side rules for non-resident capital entering Brazilian markets.
Veículos que times institucionais usam aqui
Brazilian VC and PE teams typically operate through FIP Multiestratégia, FIP Capital Semente or FIP Empresas Emergentes vehicles, with a separate administrador fiduciário and gestor de recursos. Reuben AI stores the administrador and gestor split natively, along with the FIP cota-holder register and CDA portfolio composition.
Normas de reporting e moeda
Base currency is BRL, with USD overlays for LPs raised via Resolução CMN 4.373 channels. Monthly CDA composition reporting and quarterly LP reporting to Anbima templates are the norm.
Contexto operacional
Support and product hours cover BRT. LP-pack exports can be prepared in PT-BR. Data isolation is per-workspace with regional cloud residency available on request.
Veja a Reuben AI no seu workflow em Brazil
How private credit teams in Brazil actually operate
Credit portfolios fail operationally before they fail economically. A missed covenant test, an unmodelled amendment or a payment applied to the wrong tranche are administrative errors with direct economic consequences, and they are the errors most likely to occur in a spreadsheet-run book as the number of positions grows.
Reuben AI holds the credit agreement terms as structured data, so schedules, tests and cash application are computed from the executed documents. Amendments, waivers and restructurings update the terms rather than being noted alongside them, which keeps the servicing record and the legal record in agreement.
The recurring work Reuben AI carries
Origination and credit assessment
Borrower, structure and security assessed against a consistent rubric with the analysis retained.
Covenant monitoring
Financial and information covenants tested on their contractual dates, with breaches surfaced when they occur.
Cash flow servicing
Interest, fees and amortisation calculated from the executed terms and reconciled to receipts.
Amendments and workouts
Waivers, resets and restructurings applied to the terms so downstream schedules recompute.
Local structuring, tax and regulatory advice remains with the fund's counsel and administrator. Reuben AI is software and is not registered with CVM (Comissão de Valores Mobiliários).
Common questions
How are covenant tests handled?
Tests are held with their contractual dates and thresholds, evaluated when reporting is received, and surfaced as breaches rather than discovered during a periodic review.
Can amended facilities be modelled?
Yes. An amendment updates the structured terms, and every downstream schedule and test recomputes from the amended position.
Does it cover both direct lending and fund-level credit?
Yes. Loan-level servicing and fund-level reporting run on the same record, so borrower activity flows through to investor reporting without a second set of books.
Também disponível para Brazil
Fundos VC · Fundos PE · Fundos de real estate · Family offices
Fontes
Cada regulador, framework e fato jurisdicional nesta página vem das fontes primárias abaixo. Esta página é informativa e não constitui aconselhamento jurídico, fiscal ou regulatório.