Aleryc FIP

The fund was structured as a partnership between Canada Pension Plan (CPP) and Cyrela.

The fund's strategy focuses on the development of high-end residential projects in the city of São Paulo, covering all stages — from land acquisition to delivery and sale of the units. Cyrela, one of the largest and most respected real estate developers in Brazil, is responsible for development, while cy.capital actively manages the fund, ensuring project execution with excellence and strong governance.

São Paulo was selected as the target market due to its high demand for high-end properties and its solid market structure, which offers significant potential for value creation and profitability. The fund leverages Cyrela’s experience in the sector and cy.capital’s specialized management to maximize investment returns.