ENDD11 — Endurance Debt FIP-IE

Endurance Debt, an infrastructure investment fund structured as a FIP-IE (Fundo de Investimento em Participações em Infraestrutura) tailored for qualified investors, managed by BTG Pactual, with a fixed term (CNPJ 35.641.061/0001-12)

Segment: FIP-IE / Infrastructure Equity · Price R$ 114.9 · P/BV 1.0962 · BV/unit R$ 104.82 · Net assets R$ 429.77M · 3,078 unitholders

What is ENDD11

ENDD11 (Endurance Debt FIP-IE) is a Brazilian REIT in the FIP-IE / Infrastructure Equity segment. Endurance Debt, an infrastructure investment fund structured as a FIP-IE (Fundo de Investimento em Participações em Infraestrutura) tailored for qualified investors, managed by BTG Pactual, with a fixed term (CNPJ 35.641.061/0001-12)

Infrastructure company equity stakes, fixed term, qualified investor — lite analysis without CVM data

This page gathers the factual snapshot of ENDD11 in 2026: what the fund is, what it invests in, what it charges, who manages it and how it got here. Opinion, score and recommendation live in the analysis; payout calendar and projections live in dividends.

ENDD11 numbers in 2026

  • Net assets: R$ 429.77M
  • Book value per share: R$ 104.82
  • Number of shareholders: 3,078

Fees

  • Management Fee: 0,30% a.a.
  • Performance Fee: Não há
  • Custody Fee: n/d

Manager

Management: BTG Pactual Asset Management.

BTG Pactual Asset Management is Latin America's largest alternative asset manager, with a solid track record in infrastructure, credit, and real assets. The management of ENDD11 reflects BTG's strategy of capturing debt opportunities in infrastructure projects with tax benefits (FIP-IE). The manager's reputation is one of the fund's main attractions, especially for a product restricted to qualified investors. The rating of 8 reflects the manager's recognized quality, with the caveat that specific performance and execution data for ENDD11 were not verified against CVM documents in this lite analysis.
  • Segmento: FIP-IE / Infrastructure
  • ENDD11 Net Assets: R$ 429.77M
  • Administrador: BTG Pactual DTVM

See our analysis of BTG Pactual Asset Management →

Price, P/BV and book value

last close R$ 114.9 · book value per unit R$ 104.82.

Liquidity and trading

Average daily volume (21 sessions) of R$ 305,820.

Very low liquidity. A R$ 100k position takes ~8 hours to exit without moving the price; R$ 1M takes ~3 days; R$ 10M would take over a month. A base of 3,078 unitholders makes ENDD11 unsuitable for meaningful positions requiring liquidity.

ENDD11 track record

ENDD11 is a BTG Pactual FIP-IE focused on infrastructure company debt. A 5-year return of +82.18% and a 12-month return of +15.44% point to a consistent appreciation trend. However, without access to CVM documents, it is not possible to detail corporate events, acquisitions, divestments, and asset growth with precision. This lite analysis provides an initial overview based on public market data.
PeriodWhat happened
ORIGEMEndurance Debt FIP-IE established with a focus on equity stakes in infrastructure companies, managed by BTG Pactual Asset Management.
SITUAÇÃO ATUALFund with net assets of R$ 429.77M, 3,078 unitholders, and a dividend yield of 9.03% p.a. Return of +15.44% over 12 months and +82.18% over 5 years.

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