Suno Recebíveis Imobiliários Fundo de Investimento Imobiliário is a Brazil-based closed-end real estate investment fund focused on originating, structuring, and managing a diversified portfolio of real estate debt instruments and credit receivables. Established in 2021 and headquartered in São Paulo, Brazil, the fund is managed by Suno Gestora de Recursos Ltda. (Suno Asset) and administered by BTG Pactual Serviços Financeiros S.A. DTVM. The fund operates within the financial services and asset management sector, targeting retail and institutional investors seeking long-term capital preservation and regular income distributions. Its primary investment holdings and service offerings comprise structured real estate debt securities, including Certificados de Recebíveis Imobiliários (CRIs) indexed to the IPCA inflation index and the CDI benchmark rate; quotas of other real estate investment funds (FIIs); Letras de Crédito Imobiliário (LCIs); Letras Hipotecárias (LHs); and high-liquidity fixed-income instruments and treasury securities used for cash management. Its credit assets finance real estate developments nationwide across Brazil, spanning the residential, commercial, logistics, retail, and infrastructure sectors. In recent developments, the fund has executed strategic portfolio reallocations to optimize risk-adjusted yields across varying interest rate cycles, dynamically rebalancing its asset mix between CDI-linked and IPCA-indexed CRI tranches; carried out follow-on capital increases to acquire new senior and mezzanine credit operations; enhanced credit monitoring and guarantee structures across underlying debtor collateral; and expanded its secondary market investor base on the B3 exchange.