Historical series Itaú Asset launches an FIDC with no commissions and short liquidity
Itaú Soneto has a capacity of up to R$ 500 million, and will have at least 67% of its portfolio invested in credit rights of various types.
March 21, 2025 – Itaú Asset has launched the Fundo de Investimentos em Direitos Creditórios (Credit Rights Investment Fund, or “FIDC”) Soneto Itaú: a long-term, fixed-income product with no commissions. Soneto was born with a capacity of up to R$ 500 million, for qualified investors and with the differential of short liquidity, with a quotation period of 21 working days.
Itaú Asset’s new FIDC will have at least 67% of its portfolio invested in credit rights of various types – the rest will be allocated to private credit securities and liquidity strategies.
Soneto’s target return is CDI + 2.00% per year, with a management fee of 0.85% (maximum fee of 0.90%) and a performance fee of 20% on returns exceeding the CDI.
The fund is managed by Itaú Asset’s Core Private Credit area, which has more than R$ 450 billion under management and 20 professionals, including a team dedicated to analyzing structured operations and FIDCs. In addition, Itaú Asset has the support of a dedicated legal team, which is fundamental in the process of granting credit through structured operations.
Itaú Asset also has a structured credit desk, with more than R$25 billion under management, which offers complementary products for different investors.
“In the current scenario, we have identified opportunities in FIDCs with different profiles to build our portfolio and offer our clients access to liquid, diversified products with no commissions. Given our expertise and constant relationship with originators of credit rights, we have expanded our portfolio with Soneto, which is our first FIDC without quotas, as well as being the product in this segment that offers one of the shortest redemptions in the Brazilian market,” says Fayga Czerniakowski Delbem, private credit superintendent at Itaú Asset. “Soneto’s strategy is differentiated by the active management of portfolios, with differentiated origination of assets, as well as the benefit of the scale of the largest private credit asset in Brazil and a process of detailed analysis of the credit risks of our investees,” she adds.
The manager currently has around R$12 billion allocated to FIDCs with different profiles and risks, including payroll loans, student loans, means of payment arrangements and other specific investment theses.
Initially, Soneto will be available for contracting through íon, Itaú Unibanco’s investment platform, as well as through Itaú Private channels and through other institutions.