Press release
Vinci Partners Announces Launch of New Special Situations Segment With the Acquisition of SPS Capital
SPS Capital is a leading Special Situations independent asset manager with R$2.0 billion in assets under management, led by a highly experienced and
About this update from Vinci Compass Investments Ltd.
[{"type":"text","content":"SPS Capital is a leading Special Situations independent asset manager with R$2.0 billion in assets under management, led by a highly experienced and best-in-class team with extensive experience in the sector; Transaction strengthens Vinci’s FRE quality, stability, and visibility, due to recurring and high visibility management fee revenues with long-term lockups; The new segment, Vinci SPS, is operating in an underpenetrated market, creating substantial future growth opportunities to the platform; Combined platform will represent R$62 billion in assets under management, considering the 2Q22 AUM Proforma, a result of Vinci’s AUM as of the end of the second quarter of 2022 (R$60 billion1) and the inclusion of SPS Capital (R$2 billion); Transaction is immediately accretive to Distributable Earnings per share RIO DE JANEIRO, Brazil, July 28, 2022 (GLOBE NEWSWIRE) -- Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners,” “Vinci,” “we,” “us,” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today an agreement (“Transaction”) to acquire SPS Capital (“SPS,” “Team”), a leading independent alternative asset manager focused on the Special Situations segment in Brazil, with R$2.0 billion in assets under management, distributed across three vintages in its flagship strategy. “We are extremely happy to welcome SPS to our platform and have high expectations for what we can accomplish together in terms of AUM growth, product offering and solutions to our investors,” said Alessandro Horta, Vinci Partners’ Chief Executive Officer and Director. “The team at SPS had outstanding success developing their business through successful fundraising of three vintages of their flagship strategy. Our partnership with SPS is the perfect first step for our expansion into the Special Situations market, a sizable and unexplored market in Brazil with a vast pool of asymmetric investment opportunities. In addition, the complementary investment experiences the SPS team presents will allow us to work on collaborative fashion across our existing Private Market verticals to develop new investment solutions for our clients. This is especially true for the entire Credit universe in Brazil, where the different angle that SPS brings will allow us to further enhance our penetration in this growing segment of th...