VERT's FIDC Byx Mozart - Mezzanine

VERT’s BYX Mozart Credit Rights Investment Fund (FIDC) is a structured credit vehicle backed by public-pension receivables (INSS)—claims on monthly pension payments owed by the federal government to retirees. The fund is bankruptcy-remote and organized into tranches that absorb risk according to a defined hierarchy. The Mezzanine tranche sits between the senior and junior layers, taking losses only after the junior tranche and offering a moderate risk–return profile.