CSHG JIVE Distressed III FIC-FIM CP’s $373.1 Million Fundraising


Demarest advised on the transaction

CSHG JIVE Distressed III FIC-FIM CP executed its fundraising of $373.1 million.

CSHG Jive Distressed Allocation III FIC FIM CP is a close-end fund of funds incorporated in Brazil. This fund – managed by Jive Gestão de Recursos – doesn’t have a minimum allocation of assets in a specific type of security, but should incorporate different risk factors in its portfolio.

Credit Suisse Hedging-Griffo Corretora de Valores and Modal Distribuidora de Títulos acted as placing agent on the offering.

Demarest advised Jive Gestão de Recursos Ltda., Credit Suisse Hedging-Griffo Corretora de Valores S.A. and Modal Distribuidora de Títulos e Valores Mobiliários Ltda. with Thiago Giantomassi Medeiros, Isadora Barretto Almeida and Roberto Casarini.

Involved fees earner: Isadora Barretto de Almeida – Demarest; Thiago Giantomassi – Demarest; Roberto Pinatti Casarini – Demarest;

Law Firms: Demarest;

Clients: Credit Suisse Hedging-Griffo Corretora de Valores S.A.; Jive Gestão de Recursos Ltda.; Modal Distribuidora de Títulos e Valores Mobiliários Ltda.;

Author: Ambrogio Visconti.