Vereda Filmes, Brazil’s biggest sales agent, has inked with Walter Carvalho to handle overseas rights on “Budapest,” a tale based on a novel of the same name by singer Chico Buarque.

The pickup comes after venture capital exec Joao Paulo Vasco Baptista, a longtime exec at investment bank Rio Bravo, replaced Thierry Perrone as manager of RB Funcine, Brazil’s top private-sector film equity fund. Rio Bravo is one of the fund’s investors.

Vereda will act as artistic advisor on RB Funcine investments, its chief exec Katia Machado said at Berlin.

Produced by Rita Buzzar, the writer-producer of “Olga,” “Budapest” is helmed by famed Brazilian cinematographer Carvalho, who was d.p. on “Carandiru,” “Central Station” and “Foreign Land.” Now shooting in Budapest, the psychological drama turns on a translator-ghost writer’s growing sense of alienation.

At the Berlinale, Vereda is also repping sales on another new pickup, “Fake Blond.” Pic focuses on a beautiful young textile worker who attempts to use her looks to get ahead in Sao Paulo. It is produced by Sara Silveira at Dezenove Filmes.

RB Funcine has now completed investment from its first investment vehicle RB Cinema I, Machado said.

Under the new investment system, Vereda will propose investments and Baptista evaluate risk, she added.