HSI GESTORA DE SPECIAL OPPORTUNITIES LTDA

Thesis

HSI Gestora de Special Opportunities LTDA, founded in 2006 and based in São Paulo, Brazil, is a prominent alternative investment firm in Latin America, specializing in real estate and structured credit. With BRL 13.1 billion in AUM and over BRL 27.9 billion raised, serving more than 240,000 investors, HSI employs a proactive investment strategy focused on growth and performance through in-depth analysis, swift execution, and innovative solutions. They often seek controlling positions to drive value creation. Their real estate focus spans logistics, industrial, shopping malls, corporate offices, hospitality, and residential properties. In structured credit, they target the middle market with debt and quasi-equity instruments. HSI has a history of opportunistic investments, including launching a self-storage business and developing the largest logistics platform in Brazil, later sold in a landmark deal. They also manage publicly listed REIT-style funds and have pioneered LEED-certified projects, demonstrating a commitment to ESG principles. The firm's senior management team possesses an average of 25 years of experience. While specific fund sizes for the main entity are not detailed, related funds like HSI Special Opportunities II, PREP I, PREP II, and PREP III range from $337 million to $765 million. The typical check size per investment is not disclosed.