RIO DE
JANEIRO, Dec. 22, 2023 /PRNewswire/ -- Vinci
Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners," "we,"
"us," or "our"), the controlling company of a leading alternative
investment platform in Brazil,
announced today the closing of the tenth issue of additional quotas
for "Vinci Shopping Centers" ("VISC", "The Fund"), a listed
shopping mall REIT managed by Vinci Partners' Real Estate
segment.
VISC is Vinci Partners' first listed REIT and ranks amongst the
ten largest market capitalizations for listed REITs in the B3. The
Fund is focused on income generation through the acquisition of
shopping malls across various regions of the country, standing as
the most regionally diversified shopping mall REIT in Brazil.
VISC held an oversubscribed follow-on offering, hitting the hard
cap, through a primary issuance. This fundraise adds R$875 million of perpetual capital to Vinci'
assets under management in the Private Markets segment.
"This is the most relevant offer our team has made to date and
marks a significant milestone for VISC, establishing it as the
largest fund in the Brazilian shopping mall industry. The capital
raise will not only fortify our leadership position in the REIT
market, but also enhance the Fund's portfolio diversification with
best-in-class assets," said Leandro
Bousquet, partner and Head of Real Estate. "Following the
start of interest rates cuts initiated in August, the Brazilian
REIT industry has entered a new cycle, with increasing demand from
investors for primary issuances. A follow-on offering of this
magnitude underscores a key moment in the sector. In a short span,
we successfully raised R$1.2 billion
for VISC through two consecutive offerings, leading to a remarkable
year-to-date increase of over 70% in the Fund's market value. Vinci
has eight listed perpetual funds throughout our several business
strategies, representing R$7 billion
in AuM, fully allocated and with the optionality to fundraise. We
plan to leverage on our broad product offering to be impactful over
this next cycle."
About Vinci Partners Real Estate
Vinci Partners' Real Estate strategy is primarily focused on the
acquisition of core, income-generating assets through public real
estate funds (REITs). Our real estate strategy invests across
various sub-strategies including shopping malls, industrial and
logistics, offices, urban commercial properties, agribusiness, and
financial instruments related to real estate assets. The team also
manages opportunistic development funds.
About Vinci Partners
Vinci Partners is a leading alternative investment platform in
Brazil, established in 2009. Vinci
Partners' business segments include private equity, public
equities, real estate, credit, infrastructure, special situations,
hedge funds, 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.
Forward-Looking Statements
This press release 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 depend on
circumstances that will occur in the future whether or not outside
of our control. Such factors may cause actual results, performance
or developments to differ materially from those expressed or
implied by such forward-looking statements and there can be no
assurance that such forward-looking statements will prove to be
correct. The forward-looking statements included herein speak only
as at the date of this press release and we do not undertake any
obligation to update these forward-looking statements. Past
performance does not guarantee or predict future performance.
Moreover, neither we nor our affiliates, officers, employees and
agents undertake any obligation to review, update or confirm
expectations or estimates or to release any revisions to any
forward-looking statements to reflect events that occur or
circumstances that arise in relation to the content of this press
release. Further information on these and other factors that could
affect our financial results is included in filings we have made
and will make with the U.S. Securities and Exchange Commission from
time to time.
USA Media Contact
Kate Thompson
Joele Frank, Wilkinson Brimmer
Katcher
+1 (212) 355-4449
Brazil Media Contact
Danthi Comunicações
Carla Azevedo
(carla@danthicomunicacoes.com.br)
+55 (21) 3114-0779
Investor Contact
ShareholderRelations@vincipartners.com
NY: +1 (646) 559-8040
RJ: +55 (21) 2159-6240
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SOURCE Vinci Partners Investments Ltd.