Pátria Recebíveis

CSHG Real Estate Receivables FII (HGCR11) is an actively managed paper fund focused on investing in a diversified Real Estate Receivables (CRI) portfolio. The management strategy prioritizes corporate assets with low credit risk (High Grade), seeking debtors with solid balance sheets and robust real estate guarantee structures. The fund operates with a hybrid index mandate, allowing strategic transit between IPCA and CDI positions to capture the best real return windows according to the macroeconomic cycle. His thesis is based on the tradition of operations structured directly by management, focusing on predictability of returns and capital preservation for investors in general.