Buyer of Lehman Brazil Assets Starts Distressed Real Estate Fund
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Jive Investments Holding Ltd., the biggest buyer of distressed assets in Brazil, is starting the first fund that will invest solely in troubled real estate in the country.
“This market is very big in the U.S. and we see a lot of opportunities in Brazil,” Alexandre Cruz, the 36-year-old founder of the firm, said in an interview in Sao Paulo with Guilherme Ferreira, another partner at the firm.