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.