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High Funding for Agribusiness, Fiagros Closed 2022 With Net Assets of R$ 10.34 Billion

Written by Bruno Teles
Published on 26/01/2023 at 18:53
financiamento de Agro
Financiamento de Agro (Foto/divulgação)
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The Fiagros (Agro-Industrial Investment Funds) ended 2022 with assets of over R$ 10.34 billion. For the year, the jump in the industry’s net assets was to 544%, as shown by product statistics. 

Expectations are that the Fiagros will continue attracting more and more investors this year and gain even more relevance, according to the Vice President of the Brazilian Association of Financial and Capital Market Entities (Anbima), Sergio Cutolo. 

“The exponential growth of the Fiagros, which ended 2021 with net assets of R$ 1.6 billion, shows that this is a product with great potential. Our expectation is that it will continue to attract more investors this year and gain even more relevance,” says Sergio Cutolo. 

Launched in mid-August 2021, the Fiagro is divided into three categories, they are: the Fiagros – FII, which invest in agribusiness real estate; the Fiagros-FIDC, which collect some credit rights from the agribusiness; and finally, the Fiagros-FIP, which invest in companies in the sector. Only the Fiagros-FII are available for retail. 

According to the terms of net fundraising, this segment had a positive balance of over R$ 3.2 billion in 2022. More than half of this amount (R$ 1.69 billion) was raised in the last quarter of the year, with an even greater highlight for the month of October, where the net fundraising reached R$ 860.6 million. 

Among the comparisons of the three categories of Fiagro, the standout was the Fiagros-FII, which recorded a positive net balance of R$ 2.67 billion in accumulations for the year. Next were the Fiagros-FIDC, with a balance of about R$ 513.9 million in 2022; and lastly, the Fiagros-FIP with R$ 19.2 million in balance. 

The fund and account numbers that followed this upward movement: in December 2021, there were 13 Fiagros in the market and more than 14,000 accounts investing in the funds, while in December of last year, there were already over 43 Fiagros and more than 181,000 accounts.

These Fiagros were launched by the CVM with even an experimental regulation, following some rules from FIIs, FIDCs, and FIPs. The regulatory agenda of 2023 for the agency includes the publication of more specific norms for this segment.

“We are supporting the CVM in this process. Together with the market, we developed a proposal that was sent to the agency in October of last year. With a proper regulation that meets the characteristics of the product, it will certainly be possible to leverage them to their full effectiveness and potential,” declares Cutolo.

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Bruno Teles

Falo sobre tecnologia, inovação, petróleo e gás. Atualizo diariamente sobre oportunidades no mercado brasileiro. Com mais de 7.000 artigos publicados nos sites CPG, Naval Porto Estaleiro, Mineração Brasil e Obras Construção Civil. Sugestão de pauta? Manda no brunotelesredator@gmail.com

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