Press release
VINCI PARTNERS AND COMPASS ANNOUNCE BUSINESS COMBINATION, CREATING THE GATEWAY TO ALTERNATIVE ASSET MANAGEMENT IN LATIN AMERICA
Combined platform will have more than US$50 billion in assets under management1;Vinci to expand its geographical footprint across eight countries,
About this update from Vinci Compass Investments Ltd.
[{"type":"text","content":"Combined platform will have more than US$50 billion in assets under management1;Vinci to expand its geographical footprint across eight countries, establishing a leading pan-regional platform;Vinci to solidify its position as the gateway to alternative asset management in Latin America, becoming a full-service platform with local-to-local, local-to-global, global-to-local and global-to-regional investment opportunities;Transaction is expected to be immediately accretive to FRE per Share.RIO DE JANEIRO, March 7, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) (\"Vinci Partners,\" \"Vinci,\" \"we,\" \"us,\" or \"our\"), a leading alternative investment platform based in Brazil, announced today an agreement (the \"Transaction\") for a combination with Compass. Once closed, the Transaction will create a full-service Latin American alternative asset manager with more than US$50 billion in assets under management1 (\"AUM\"), across private markets, investment products and solutions (\"IP&S\"), public equities and corporate advisory segments.\n\nFounded in 1995, Compass is a leading independent asset manager and investment advisory firm in Latin America (\"LatAm\"), currently present in seven countries in LatAm, the U.S. and U.K.[2], with outstanding reputation and 20 executive partners with a track record of consistently strong performance.\nCompass has developed a leading and differentiated platform in LatAm, with US$37 billion in assets under management and advisory, distributed across two main business lines:\n(i)\nIP&S, as pioneers in providing investment solutions across traditional and global alternative assets, to institutional investors, family offices, intermediaries and HNWI in Latin America. Compass has built a distinguished ecosystem of proprietary relationships over the last 28 years, providing access to world-class managers and global brokerage services, as well as discretionary global investment solutions and asset allocation to Latin American investors;\n(ii) \nAsset Management Latam: More than 25-year history of managing a wide range of funds and investment strategies focused exclusively on Latin America, through: a) Credit, by managing funds and portfolios across the full spectrum of risk, from investment grade to private credit, including LatAm high-yield strategies, and b) Public Equities, by ma...