Core Insights - Vinci Compass Investments (VINP) reported its 3Q25 results, which, along with the recent Investor Day and acquisition agreement with Verde Asset Management, provide valuable data for analysis [1] Company Analysis - The recent financial report and strategic moves indicate a focus on long-term operational performance rather than short-term market dynamics [2] - The acquisition of Verde Asset Management suggests a strategic expansion that may enhance VINP's competitive positioning in the industry [1] Industry Context - The investment approach emphasizes understanding the long-term earnings potential of companies and the competitive dynamics within their respective industries [2]

Financial Data and Key Metrics Changes - Vinci Compass generated BRL 77.1 million in earnings for Q3 2025, translating to BRL 1.22 per share, with a FRE margin of 32.3% and adjusted distributable earnings of BRL 73.1 million, or BRL 1.16 per share, marking a 28% increase year-over-year on a nominal basis [3][25] - Total assets under management (AUM) reached BRL 316 billion, a 4% increase quarter-over-quarter, with capital formation and appreciation totaling BRL 19 billion [22][13] Business Line Data and Key Metrics Changes - The credit segment raised over BRL 1 billion in the quarter, with 30% coming from international investors, indicating strong global interest [11] - The global IP&S segment saw AUM exceed BRL 241 billion, supported by approximately BRL 8 billion of inflows, with TPD alternative funds being a key growth driver [17][12] Market Data and Key Metrics Changes - Brazil is expected to benefit from a potential political shift reinforcing fiscal responsibility and a likely Selic-cutting cycle, creating a favorable environment for asset re-rating [10] - The trend of global investors seeking exposure beyond the U.S. is expected to support fundraising efforts, offering attractive risk-adjusted opportunities [11] Company Strategy and Development Direction - The acquisition of Verde is a significant milestone in strategic expansion, enhancing Vinci Compass's position as a leading alternative investment platform in Latin America [5][6] - The company aims to achieve a 38% FRE margin target by 2028, supported by cost reduction initiatives and substantial fundraising across all segments [9][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macro environment, citing broad-based asset appreciation and easing rate bias across emerging economies as constructive for the platform [10] - The company is well-positioned to capture generational shifts in the global economy and markets, compounding value for clients and shareholders [13][22] Other Important Information - The company is adopting AI across its operations, with approximately 80% of the team using AI to enhance productivity and risk management [21] - The first Brazilian pension plan commitment to the SPS4 fund is expected to unlock further commitments from similar institutional investors [26][27] Q&A Session Summary Question: Regarding the first Brazilian pension plan commitment to SPS4, how fast do you think this new demand could come? - Management expects further commitments for this strategy but cannot predict the exact size of it, noting the low penetration of this type of investment among local and international institutions [26][27] Question: Should the improved FRE margin be considered the new base for the next quarter? - Management indicated that while there is some seasonality in expenses, they expect margins to remain above 30% going forward, with the Verde acquisition expected to positively impact margins in 2026 [29][30] Question: How much of the strong global IP&S inflows this quarter was related to TPD alternatives? - TPD alternatives had a significant positive impact, with a $2 billion contribution from a regional player into a US-based closed-end fund, and management remains optimistic about future inflows [31][32]

Third Quarter 2025 Earnings Presentation November 13, 2025 1 Disclaimer This presentation contains forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depen ...

Core Viewpoint - Vinci Compass Investments Ltd. will release its financial results for Q3 2025 on November 13, 2025, and will host a conference call to discuss these results [1]. Company Overview - Vinci Compass is a leading alternative investments and global solutions provider in Latin America, with nearly three decades of experience and operations in eleven offices across Latin America and the US [3]. - The company manages R$304 billion in assets under management and advisory as of June 2025 [3]. - Vinci Compass specializes in various sectors including Private Equity, Credit, Real Estate, Infrastructure, Forestry, Equities, Global Investment Products & Solutions, and Corporate Advisory, with dedicated teams for each segment [3]. Conference Call Details - The conference call will take place via Zoom at 5:00 pm ET on the same day as the financial results release [1]. - Access to the conference call can be found in the Events section of the company's website, with a replay available for those unable to attend live [2].

Core Points - Vinci Compass held its Investor Day 2025, welcoming both in-person and online attendees [1][2] - The event featured a strategic overview by CEO Alessandro Horta and a discussion on the recent acquisition of Verde Asset Management [2][3] Company Overview - The agenda included three blocks of presentations, starting with a strategic overview [3] - The acquisition of Verde Asset Management was announced just after market close prior to the event [3]

Investor Day 2025 OCTOBER 07 | 2025 01 ANNA LUIZA CASTRO IR MANAGER Welcome Disclaimer This presentation contains forward-looking statements. All statements other than statements of historical fact contained in this presentation may forward-looking statements and include, but are not limited to, statements regarding our intent, belief or current expectations. Such forward-lool statements that can be identified by the use of words such as "anticipate," "believe," "believ," "might," "might," "coulc," "stould, ...

Summary of Vinci Compass Investments 2025 Investor Day Company Overview - **Company**: Vinci Compass Investments (NasdaqGS: VINP) - **Event**: 2025 Investor Day held on October 07, 2025 - **Key Speaker**: CEO Alessandro Osta Core Industry Insights - **Focus**: Latin American alternative investments - **Market Size**: The total addressable market for alternatives in Latin America is estimated at $7 trillion, with current alternatives only at $87 billion, indicating significant growth potential [10][21] - **Growth Drivers**: - Regional expansion to distribute managed alternative investments - Increasing allocation to private credit to fill the financing gap in Latin America - Leveraging revenue streams by increasing discretionary products with higher returns [57] Key Financial Metrics - **Assets Under Management (AUM)**: Currently at BRL 320 billion, with a target to reach EUR 320 billion post-acquisition of VEG [59] - **Fee-Related Earnings (FRE)**: Expected to grow from BRL 800 million to BRL 1.6 billion by 2028, with a CAGR of 22% [56] - **Performance-Related Earnings (PRE)**: Anticipated to shift from 80% liquid to a more balanced mix with private funds, with expected performance fees exceeding BRL 340 million [40][32] - **Investment-Related Earnings (IRE)**: Focus on GP commitments to anchor fundraising and align interests with LPs [42] Strategic Developments - **Acquisition of VEG**: A strategic acquisition aimed at enhancing performance, distribution, and profitability, expected to be immediately accretive to FRE per share [58][60] - **Integration Strategy**: The merger of Vinci and Compass has created a unified platform with a strong distribution network across Latin America, enhancing access to both local and global investors [20][30] Client Relations and Market Position - **Client Base**: Over 40% of revenue comes from Latin American institutional clients, with significant relationships with insurance companies and family offices [72] - **Market Landscape**: The addressable market has doubled post-merger, expanding from a Brazil-centric focus to a broader Latin American strategy [74] Investment Opportunities - **Private Credit Market**: Expected to grow significantly, with a current focus on structural credit, infrastructure credit, and real estate credit, aiming to capture $13 billion in AUM by June 2025 [50] - **Global Investor Interest**: There is a growing trend of global investors seeking exposure to Latin American alternatives, with 58% of global buy-side firms planning to increase their investments in the region [84] Conclusion - Vinci Compass Investments is positioned as a leading player in the Latin American alternative investment space, with a robust growth strategy focused on expanding its AUM, enhancing its product offerings, and leveraging its strong client relationships to capture emerging market opportunities. The recent acquisition of VEG is expected to further solidify its market position and drive future growth.

Strategic Overview - Vinci Compass在拉丁美洲拥有强大的投资平台，管理着3200亿雷亚尔的资产[22]，拥有630名员工和60多名合伙人[22] - 该平台在8个国家设有12个办事处[22]，提供50多种积极的投资策略[22]，服务于机构投资者、家族办公室和高净值个人[22] - 该公司战略结合了Vinci Partners在巴西的投资制造能力和Compass Group在拉丁美洲的分销能力[45]，旨在将全球资本引入拉丁美洲机会[45] - 战略重点是成为拉丁美洲另类投资的一站式平台[50]，通过本地到本地、本地到全球和全球到本地的连接[29, 31, 35] Earnings Power - Vinci Compass拥有多元化的盈利模式，包括费用相关收益（FRE）、业绩相关收益（PRE）和投资相关收益（IRE）[67]，旨在实现周期性的平衡增长[66] - 截至2025年上半年，FRE按业务部门划分，私募股权占28%，全球IP&S占26%，房地产占21%，信贷占17%，股票占7%，企业咨询占2%[69] - 自首次公开募股以来，FRE实现了13%的复合年增长率[80]，平台和分销的扩大支持了利润率的扩张[80] - 截至2025年第二季度，业绩符合条件的资产管理规模为490亿雷亚尔[89]，其中私募股权占72%，全球IP&S占20%，信贷占22%[89] Growth and Targets - 公司预计到2028年实现强劲增长，费用相关收入的复合年增长率约为22%，费用相关收益的复合年增长率约为26%[127]，目标是到2028年实现约6亿雷亚尔的费用相关收益[128] - 2025年至2028年期间的筹资目标为1000亿雷亚尔[127]，主要增长动力包括渗透现有拉丁美洲关系、扩大私人信贷以及提高配置给高ROA产品的资产管理规模百分比[130, 131] - 收购Verde资产管理公司将增加160亿雷亚尔的管理资产[136]，并立即提高全球IP&S中多策略基金的规模[136]，预计将使每股FRE立即增加两位数[144]

Core Viewpoint - Vinci Compass Investments Ltd. has announced an agreement to acquire Verde Asset Management, enhancing its asset management capabilities and expected to be immediately accretive to financial metrics [1][10]. Transaction Overview - The transaction will occur in two phases, with Vinci Compass initially acquiring 50.1% of Verde for R$46.8 million and 3.1 million new Class A common shares, followed by the acquisition of the remaining 49.9% after five years for an estimated R$127.4 million [7][8][10]. - The deal is structured to ensure Verde's management team retains their roles and independence while aligning interests through performance-linked revenue sharing agreements [9]. Strategic Rationale - The acquisition adds R$16 billion in assets under management (AUM) to Vinci Compass, improving its AUM mix and reinforcing its multi-strategy and pension plan strategies [3]. - The combination is expected to enhance product offerings for high-net-worth individuals and institutional clients, leveraging complementary strategies and expanding client choice [3][5]. Leadership and Management - Luis Stuhlberger, a prominent figure in Brazilian asset allocation, will join Vinci Compass as a partner, contributing to investment, risk, and asset allocation committees [2][4]. - The integration aims to deepen relationships with Brazilian institutions and co-develop new investment solutions [2][5]. Financial Impact - The transaction is anticipated to be immediately accretive to Free Cash Flow (FRE) per share on a double-digit basis and low-to-mid single-digit accretive to Distributable Earnings per share [10].

AUM and Financial Performance - Vinci Compass's total Assets Under Management (AUM) reached R$304.1 billion, a 339% year-over-year increase, primarily due to the combination with Compass and the acquisition of Lacan[36] - The company reported Adjusted Distributable Earnings (Adj DE) of R$75.8 million, or R$1.20 per share, for the second quarter of 2025, representing a 30% year-over-year increase[50] - Fee Related Revenues (FRR) totaled R$232.7 million for the quarter, up 85% year-over-year, driven by growth in management and advisory fees, as well as the addition of other revenue streams[45] - The company declared a quarterly dividend of US$0.15 per common share[29] Segment Highlights - Global Investment Products & Solutions (Global IP&S) reported AUM of R$230 billion[13], with Fee Related Earnings (FRE) increasing by 250% year-over-year to R$12.5 million[76] - Credit segment AUM reached R$30 billion, a 258% year-over-year increase, with FRE up 97% year-over-year[82] - Private Equity AUM stood at R$16 billion[19], with a gross MOIC of 2.3x and a gross IRR of 64.6% for the VCP strategy[20] - Real Assets AUM totaled R$12 billion[23], with approximately 82% of the AUM in vehicles with 10+ years lock-ups[23] Capital and Investments - New capital formation in the second quarter of 2025 totaled R$3.6 billion, driven by net inflows and capital subscriptions across Global IP&S, Credit, and Real Assets[36] - The final closing of VICC brought the total fund size to R$1.8 billion[30] - Total capital committed to proprietary funds reached R$1.4 billion, with R$771.1 million already called as of June 30, 2025[65]