By Brazil Stock Guide – BTG Pactual Asset Management (BPAC11) introduced a new investment vehicle on Thursday (27) built from loans originated by large corporations, marking a milestone for Brazil’s growing market for exchange-traded credit products.
According to information first reported by Valor Econômico, the firm partnered with Janus Henderson (JHG), one of the world’s largest managers in this strategy, with more than US$484 billion under management and roughly US$28 billion tied to corporate-loan products.
The new fund bundles repayment flows from corporate loans and allocates them across different layers of risk and return, expanding access to an asset class traditionally reserved for major financial institutions. Explaining the product, Rubens Henriques, CEO of BTG Pactual Asset Management, said: “CLOs are structured credit instruments backed by corporate loans, with a consistent performance history across economic cycles.”
BTG Pactual said its offshore version of the fund, domiciled in the Cayman Islands, is already live. The Brazilian version, which will trade under the ticker CLOB11, is in the final phase of offering and is set to settle on December 15. The product will be available both to qualified investors and to retail clients through the bank’s digital platforms and partnering brokerages.
The launch adds momentum to BTG Pactual’s ETF and structured-credit unit. In 2025 alone, the firm attracted more than R$7 billion in net inflows and now manages over R$8.5 billion in these products. With 18 new funds introduced this year, the platform now offers 28 vehicles, including the recently launched GOLB11, which provides exposure to gold using derivatives and government securities.
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