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VINCI PARTNERS REPORTS THIRD QUARTER 2024 EARNINGS RESULTS
VINPVinci Partners(VINP) Prnewswire·2024-11-07 21:05

Core Insights - Vinci Partners reported a significant growth in Assets Under Management (AUM), reaching R70billion,whichrepresentsan870 billion, which represents an 8% year-over-year increase [1] - The company secured over half a billion reais in additional commitments for its Private Market funds, including investments from a global investor in its Credit Infra strategy [1] - Recent strategic milestones include the closing of a combination with Compass and the acquisition of Lacan, positioning Vinci as a leading player in alternative investments in Latin America [1] Financial Highlights - Vinci Partners posted Fee Related Earnings of R53.8 million in the third quarter of 2024, equating to R1.02percommonshare[3]AdjustedDistributableEarningsforthequarterwereR1.02 per common share [3] - Adjusted Distributable Earnings for the quarter were R57.1 million, or R1.08percommonshare[3]DividendInformationThecompanydeclaredaquarterlydividendofUS1.08 per common share [3] Dividend Information - The company declared a quarterly dividend of US0.16 per share, payable on December 5, 2024, to record holders as of November 20, 2024 [2] Company Overview - Vinci Partners is a prominent alternative investment platform in Brazil, established in 2009, with diverse business segments including private equity, public equities, real estate, private credit, and corporate advisory services [5]