Press release
VINCI PARTNERS REPORTS SECOND QUARTER 2024 EARNINGS RESULTS
RIO DE JANEIRO, Aug. 7, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners", "we", "us" or "our"), the controlling company
About this update from Vinci Compass Investments Ltd.
[{"type":"text","content":"RIO DE JANEIRO, Aug. 7, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) (\"Vinci Partners\", \"we\", \"us\" or \"our\"), the controlling company of a leading alternative investment platform in Brazil, reported today its second quarter 2024 earnings results.\n\nVinci Partners has issued a complete earnings release and a detailed presentation in the 'Quarterly Earnings' section of the company's website at: https://ir.vincipartners.com/financials/quarterly-results/\nAlessandro Horta, Chief Executive Officer stated, \"Vinci posted another quarter with double digit growth in Fee Related Earnings, up 24% year-over-year on a per share basis. This remarkable growth was attributed to our exceptional fundraising performance across Private Market strategies over the last twelve months, with highlight to fundraising in our Private Equity division in the second quarter.\"\nDividends\nVinci Partners has declared a quarterly dividend of US$0.17 per share to record holders of common stock at the close of business on August 21, 2024. This dividend will be paid on September 05, 2024.\nFinancial Highlights\nVinci Partners posted Fee Related Earnings of R$61.9 million in the 2Q'24, or R$1.16 per common share. Adjusted Distributable Earnings for the quarter of R$58.4 million, or R$1.10 per common share.\nWebcast and Earnings Conference Call\nWebcast can be accessed by clicking here. For those unable to listen to the live broadcast, there will be a webcast replay on the same section of the website.\nTo access the conference call through dial in, please register at 2Q24 VINP Earnings Dial In to obtain the conference number and access code.\nAbout Vinci Partners\nVinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners' business segments include private equity, public equities, real estate, private credit, special situations, infrastructure, investment products and solutions, and retirement services, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a corporate advisory business, focusing mostly on pre-initial public offering, or pre-IPO, and merger and acquisition, or M&A, advisory services for Brazilian middle-market companies.\nForward-Looking Statements\nThis press release contains forward-looking stateme...