Key Takeaways
- • Emet Capital completed a R$120mn (US$22mn) raise for Data Brasil Infra FIP, a new fund focused on real estate development for data centers in Brazil, with the raise closing November 3 from unidentified strategic investors.
- • The fund targets R$100mn (US$18.3mn) in a new fundraising window in Q1 2027, followed by three more rounds, per market information.
- • Data Brasil Infra FIP reportedly has nine pipeline projects totaling an estimated R$2.5bn (US$459mn) of investment over three years, with a targeted capacity of 3.5GW.
- • The strategy centers on "powered land" with guaranteed high-capacity grid access, with long-term, built-to-suit leases to hyperscalers, providers and AI companies.
- • B.Real Capital, led by CEO Alison Takano, acted as adviser and co-manager; Emet is still registering with the CVM.
Summary
Brazilian asset manager Emet Capital has completed a R$120mn (US$22mn) raise for Data Brasil Infra FIP, a new fund focused on real estate development for data centers in Brazil, according to BNamericas. The raise closed on November 3 with unidentified strategic investors. B.Real Capital acted as adviser and co-manager on the transaction.
The fund plans a new fundraising window in the first quarter of 2027, targeting R$100mn (US$18.3mn), followed by three more rounds, according to market information. Data Brasil Infra FIP reportedly has nine projects in its pipeline across São Paulo, Rio de Janeiro, Minas Gerais, the Center-West and the Northeast. Estimated investment in these projects is R$2.5bn (US$459mn) over the next three years, with a targeted total capacity of 3.5GW.
Three projects reportedly have defined locations. The first, in Rio de Janeiro, is expected to be ready by 2030, while the other two are in Ceará and São Paulo, where the fund is negotiating land. Estimated demand for these three projects would total R$1bn (US$183mn), per market information. Sites are selected based on electricity availability, fiber optic access and regulatory predictability.
The managers develop "powered land," sites with guaranteed access to high-capacity power grids. According to Raffael Faustino, founding partner of Emet Capital, the model involves buying land, connecting it to the grid and building facilities that are then leased. End tenants include providers, hyperscalers and artificial intelligence companies, under long-term, built-to-suit contracts. Faustino told Exame magazine that "the great key to value and opportunity in the data center market today lies in energy infrastructure," describing the sector as having "little qualified supply for a resounding demand." BNamericas notes that building a substation or obtaining high-capacity connection permits can take more than two years.
Emet Capital is headquartered in São Paulo and describes itself as an independent real estate manager with professionals who have more than 25 years of experience in financial and capital markets. According to its website, Emet manages more than 15 funds and R$1bn in assets, including the listed real estate fund Emet Multiestratégia (EMET11) on B3. The firm is still registering with the CVM and adheres to Anbima codes.
Alison Takano, CEO of the newly created B.Real Capital, previously served as data center solutions manager for Latin America at CBRE. B.Real will operate in investments, strategic consulting and business development in real estate and infrastructure, with Data Brasil Infra FIP as one of its main initiatives.
The fund plans a new fundraising window in the first quarter of 2027, targeting R$100mn (US$18.3mn), followed by three more rounds, according to market information. Data Brasil Infra FIP reportedly has nine projects in its pipeline across São Paulo, Rio de Janeiro, Minas Gerais, the Center-West and the Northeast. Estimated investment in these projects is R$2.5bn (US$459mn) over the next three years, with a targeted total capacity of 3.5GW.
Three projects reportedly have defined locations. The first, in Rio de Janeiro, is expected to be ready by 2030, while the other two are in Ceará and São Paulo, where the fund is negotiating land. Estimated demand for these three projects would total R$1bn (US$183mn), per market information. Sites are selected based on electricity availability, fiber optic access and regulatory predictability.
The managers develop "powered land," sites with guaranteed access to high-capacity power grids. According to Raffael Faustino, founding partner of Emet Capital, the model involves buying land, connecting it to the grid and building facilities that are then leased. End tenants include providers, hyperscalers and artificial intelligence companies, under long-term, built-to-suit contracts. Faustino told Exame magazine that "the great key to value and opportunity in the data center market today lies in energy infrastructure," describing the sector as having "little qualified supply for a resounding demand." BNamericas notes that building a substation or obtaining high-capacity connection permits can take more than two years.
Emet Capital is headquartered in São Paulo and describes itself as an independent real estate manager with professionals who have more than 25 years of experience in financial and capital markets. According to its website, Emet manages more than 15 funds and R$1bn in assets, including the listed real estate fund Emet Multiestratégia (EMET11) on B3. The firm is still registering with the CVM and adheres to Anbima codes.
Alison Takano, CEO of the newly created B.Real Capital, previously served as data center solutions manager for Latin America at CBRE. B.Real will operate in investments, strategic consulting and business development in real estate and infrastructure, with Data Brasil Infra FIP as one of its main initiatives.
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