Kinea Investimentos is one of Brazil’s most respected real estate fund managers, formed 17 years ago as a joint venture with Itaú Unibanco, Latin America’s largest bank.
Kinea manages two of the largest and most liquid CRI-based FIIs in the market: KNCR11 and KNIP11. Both funds focus on high-quality, real estate-backed credit instruments, with an emphasis on capital preservation and steady income distribution. While most Kinea funds are credit-focused, the firm also manages KNRI11, a hybrid fund and its largest brick-and-mortar offering.
Many Kinea-managed FIIs have significant weightings in the IFIX index. While the firm focuses primarily on CRIs, it also manages two brick-and-mortar funds included in the HERT11 ETF.
The firm also manages other funds, including public and private credit and equities.
As of 2025, Kinea has R$129B under management and over 200 investment professionals.
You can visit Kinea Investimento’s website here.
Last updated June 28, 2025.
🔍 Key FIIs Managed by Kinea
| Ticker | Fund Name | Segment | Market Capitalization |
|---|---|---|---|
| KNCR11 | Kinea Rendimentos | CRI | R$8.0B |
| KNIP11 | Kinea Indices de Precos | CRI | R$7.3B |
| KNRI11 | Kinea Renda Imobiliaria | Hybrid (Offices + Logistics) | R$4.1B |
| KNHY11 | Kinea High Yield CRI | CRI | R$2.9B |
| KNSC11 | Kinea Securities | CRI | R$1.8B |
| KNHF11 | Kinea Hedge Fund | Multi-Strategy | R$1.7B |
| KNUQ11 | Kinea Unique HY CDI | CRI | R$1.6B |
| KORE11 | Kinea Oportunidades | Escritórios | R$0.8B |
| KFOF11 | Fundo de FI Imobiliario | Fund-of-Funds | R$0.6B |
| KCRE11 | Kinea Creditas | CRI | R$0.3B |
Note: Kinea may manage additional FIIs not included in this list. Only major publicly traded funds with material AUM or liquidity are shown.
📊 Real Estate Investment Strategy
Kinea Investimentos does not follow a single unified REIT strategy. Instead, it manages a broad lineup of FIIs tailored to different market segments, with a primary emphasis on credit-oriented strategies.
Outside of credit, Kinea manages funds like KNRI11 (offices and logistics) and KORE11 (offices), which focus on income-generating assets with long-term, inflation-linked leases. The firm also offers funds with broader multi-strategy and fund-of-fund mandates.
Due to the size and quantity of its CRI funds, Kinea dominates the CRI segment and holds the highest aggregate weighting among FII managers in the IFIX index.