Brickfund
A trusted Dutch fund manager with over €100 million in assets under management.
Our Strategic Partnerschip
ARD and Brickfund operate as a single, integrated team to bridge the gap between European capital and Brazilian real estate opportunities. Brickfund is an AFM-registered Dutch fund manager with over €100 million in assets under management, specializing in residential real estate.
In this alliance, we do everything together. Brickfund acts as a co-decision maker on the investment committee, bringing institutional discipline to every project selection. They provide the critical capital base and professional fund management required to safeguard our investors' interests.
Before launching this partnership, Brickfund conducted exhaustive due diligence on Vitacon and the São Paulo market. Today, they ensure that every investment meets the highest Dutch standards of risk control, compliance, and financial reporting.
Why they are one of the top real estate funds
Experience
& Scale
Proven
Performance
Institutional Approach
Strong
Investor Base
About Brickfund
Brickfund is a premier Dutch investment manager specializing in residential real estate.
Managing approximately €100 million in assets for professional investors and family offices, Brickfund is recognized for its rigorous investment selection and active management approach.
As an AFM-registered manager, they provide the professional framework and oversight necessary for large-scale international deployments.
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Got Questions?
Stability: Since the Central Bank began operating autonomously, the BRL has maintained its value relative to the start of this policy period, proving the effectiveness of the current mandate.
Appreciation: As of December 2025, the BRL has seen an appreciation of approximately 5.7% compared to February 2021, when the independent central bank was officially established.
Hedging: For investors seeking additional security, options exist to hedge their investment outside of the fund structure.
Brazil has a proven track record of managing inflation, averaging approximately 5.7% annually over the past 20 years.
Effective Policy: The independence of the Central Bank allows for decisive action against inflationary pressures.
Current Data: Inflation for 2025 stands at 4.5%, with JP Morgan forecasting 4.7% for 2026.
Built-in Protection: Purchase prices for units within the fund's developments are indexed to inflation. This ensures the investment result is largely protected against loss of purchasing power
While political volatility is a global reality, Brazil provides a stable foundation for international investors.
Mature Democracy: Brazil operates as a mature democracy with a clear separation of powers and institutions that oversee the highest levels of government.
Economic Resilience: Despite historical challenges like the 2014-2016 financial crisis and COVID-19, the economy has remained resilient with positive long-term GDP growth.
Neutral Global Stance: Brazil’s neutral position in global politics makes it a strong trading partner for Europe, the US, China, and the Middle East.
Legal Framework: The Brazilian legal system offers a credible framework for contract enforcement and dispute resolution, minimizing legal risk for investors.
Completion Risk: Mitigated by partnering exclusively with Vitacon (115+ projects, zero defaults) and utilizing insured completion guarantees from providers like Allianz.
Liquidity Risk: Unlike traditional "lock-up" funds, our rapid pre-sale model generates early cash flow, allowing for a ~1% monthly interest component during development.
Regulatory & Legal Risk: Handled by our thirty-year "boots on the ground" heritage and a secure
Dutch AFM-light structure for European investors.
Alignment Risk: We co-invest under the same terms as our LPs and implement a 10% compounded hurdle, ensuring we only profit after our investors achieve structural growth.
Rapid Liquidity: Our pre-sale model often sells out within months, generating the cash flow used for your ~1% monthly interest distributions during construction.
Insured Completion: Projects are protected by Performance Bonds (e.g., via Allianz), ensuring completion by a secondary developer if necessary.
The Payback Clause: If a project fails to launch, your capital is returned in full, adjusted for IPCA inflation plus 1% monthly interest.
Global Repatriation: We partner with tier-one firms like Ebury and BTG Pactual to ensure the seamless and compliant transfer of profits back to Europe.
Isolated Risk: Every investment is held in a standalone Special Purpose Vehicle (SPV) with joint escrow accounts monitored by international auditors.
