Press release
Vinci Partners Reports Fourth Quarter and Full Year 2020 Earnings Results
RIO DE JANEIRO, March 17, 2021 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners"), the controlling company of a leading
About this update from Vinci Compass Investments Ltd.
[{"type":"text","content":"RIO DE JANEIRO, March 17, 2021 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) (\"Vinci Partners\"), the controlling company of a leading alternative investment platform in Brazil, today reported fourth quarter and full year 2020 earnings results.\nVinci Partners issued a full detailed presentation of its fourth quarter and full year 2020 results, which can be accessed by clicking here.\nAlessandro Horta, Chief Executive Officer and Director, stated, \"In January, we successfully completed our initial public offering, and look forward to continuing to drive long-term value for our clients and shareholders. The IPO provided capital to enhance growth, help attract and retain talent, drive awareness and brand recognition, and fund investments in our own strategies alongside investors, as we continue to capitalize on transformational industry trends in Brazil.\"\nMr. Horta continued, \"Our results for the fourth quarter and full year 2020 reinforce the building momentum across our platform, with Vinci well positioned to deliver sustainable growth in AUM, Fee-Related Earnings, and Distributable Earnings reflecting our locked-up capital AUM concentration, management fee-centric revenue profile, and total return investment strategy bias. Looking forward, I am more excited than ever about our prospects, as we embark on the next stage of our journey as a public company, with our team members, limited partners, and fellow shareholders.\"\nFinancial Highlights\nThe company reported total assets under management (\"AUM\")1 of R$ 50 billion as of 31 December 2020, which represents a growth of 36% year-over-year. Total net revenues for the full year 2020 were R$ 340 million and adjusted profit for the year2 was R$ 132 million. Adjusted fee-related earnings3 were R$ 151 million for the full year 2020, an increase of 54% year-over-year, and adjusted distributable earnings4 were R$ 127 million for the full year 2020, an increase of 30% year-over-year. \nWebcast and Earnings Conference Call\nTo listen to the conference call via public webcast, please visit the Events & Presentations section of the Company's website at https://ir.vincipartners.com/news-and-events/events-and-presentations. For those unable to listen to the live broadcast, there will be a webcast replay on the same section of the website.\nThe conference call can also...