COMPARATIVE ANALYSIS OF FUND RAISING STRATEGIES VIA FIDCS IN THE ENERGY AND REAL ESTATE SECTORS

Abstract

This article provides a comparative analysis of fundraising strategies through Credit Rights Investment Funds (FIDCs) applied to the energy and real estate sectors in Brazil, highlighting the instrument’s flexibility in dealing with different risk profiles and financing needs. The qualitative research, based on bibliographical and documentary review, shows that energy FIDCs are focused on enabling long-term renewable projects, structured with stable supply contracts and supported by institutional investors to mitigate regulatory and operational risks. In the real estate sector, FIDCs are mainly oriented towards the securitization of receivables from purchase and sale contracts backed by real guarantees, which allows developers to expand projects while offering security to investors. The results indicate that although both sectors rely on the same regulatory framework, their structures present significant differences: in energy FIDCs, long-term contracts and incentives related to the energy transition prevail, while in real estate FIDCs, portfolio diversification and legal robustness of guarantees are essential. It is concluded that FIDCs are versatile instruments, capable of combining liquidity, financial return, and positive impact, consolidating themselves as strategic alternatives for national economic development.