Kinea, an independent asset manager controlled by Itaú, has over 18 years of experience investing in a range of asset classes, from real estate funds and infrastructure credit to private equity, stocks, and fixed income. As a result, it has reached R$ 150 billion under management.

Marcio Verri, the founder and CEO of Kinea, often says he doesn't have a favorite investment. Despite this, in 2026, the firm is investing in two new areas and sees an opportunity that is one of the biggest in Brazil.

“Today there is a consensus that Brazil has a huge infrastructure deficit and that the only ones who benefit from increased infrastructure are the population,” says Verri, on Café com Investidor , a program that is a partnership between NeoFeed and CNN Brasil, broadcast bi-weekly on CNN Money.

"The amount of investment, both from a credit and equity perspective, that we will have in Brazil in the coming years will be incredible," adds the founder and CEO of Kinea.

The asset manager is finalizing the raising of a fund exceeding R$400 million , which will double its infrastructure fund, as exclusively reported by NeoFeed .

But that's not the only opportunity Kinea is seeing. The company is entering two new areas. The first is a partnership with Allos , which is in the process of being formalized, and which will create one of the largest shopping center funds in Brazil. The other is an investment in multifamily housing in Atlanta, USA.

In the case of shopping malls, Verri says that the management company was looking for diversified assets, a consolidated operation, and an absence of leverage. The partnership with Allos, in his view, allows them to build a portfolio that meets these criteria. The fund can reach up to R$ 2 billion and was structured to deliver income without relying on debt and with governance aligned with the long-term horizon of the shareholders.

International expansion follows the same pattern. Kinea already had a significant portion of its team dedicated to global assets, but decided to move into direct real estate investments in the United States. The first project, worth US$30 million, is in Atlanta.

The choice of city has no relation to Brazilians' preference for markets like Miami or New York. The management company, Verri explains, sought regions with lower extreme risk, a consistent supply of data, and stable demographic dynamics.

The model is the traditional American multifamily one: development, leasing, and subsequent sale to institutional investors. Kinea has already accumulated approximately R$ 200 million in credit and equity operations in the country and is evaluating new locations.

In the interview with Café com Investidor, which you can watch in the video above, Verri also talks about the high real interest rate, which limits risk appetite in other segments and puts pressure on companies. In his view, the fall in rates will be gradual. The war and the impact on oil have increased uncertainty, but have not changed the direction. "We believe that by the end of 2026 the rate should be around 13%," he states.