Vinci Compass Investments Ltd. closed a transaction on December 1, 2025, acquiring a 50.1% controlling stake in Verde Asset Management, a leading Brazilian multi‑strategy asset manager. The deal adds roughly R$16 billion in assets under management to Vinci Compass’s Global Investment Products & Solutions platform, expanding its product shelf and deepening its presence in both Brazilian and global multi‑strategy funds and pension plans.
The transaction is structured in two phases. An initial payment was made at closing, followed by a second installment two years later that is contingent on meeting revenue targets. A earn‑out will be paid five years after closing if Vinci Compass acquires the remaining 49.9% stake. Management expects the acquisition to be immediately accretive to fee‑related earnings (FRE) per share on a double‑digit basis and to add a low‑to‑mid single‑digit accretion to distributable earnings per share.
The acquisition positions Vinci Compass as the only Latin‑American platform offering end‑to‑end alternative solutions, from private equity and credit to real assets and advisory services. By integrating Verde’s multi‑strategy expertise, the company can cross‑sell to its existing institutional and high‑net‑worth client base, strengthen its competitive moat, and accelerate its path toward the 38% FRE target set for 2028.
Vinci Compass’s financial performance in the third quarter of 2025 underscored the strategic fit. The company reported a fee‑related earnings margin of 32.3%, the highest year‑to‑date, driven by operating leverage from revenue growth, the cessation of certain transaction costs, and cost‑reduction initiatives. Adjusted distributable earnings rose 28% year‑over‑year to R$73.1 million, while revenue of $238.33 million fell short of the $250.02 million forecast, reflecting softer demand in some legacy segments.
Management highlighted the deal’s value creation. CEO Alessandro Horta said, “We are on the path to achieve our 38% FRE margin target by 2028, supported by additional cost‑reduction initiatives, substantial fundraising across all segments, and the expected closing of Vinci in 2025.” He added that the partnership with Verde would reinforce Vinci Compass’s role as the partner of choice for clients’ global and local allocation needs.
Analysts view the acquisition as a key driver of long‑term growth. The deal is expected to broaden Vinci Compass’s multi‑strategy offering, enhance cross‑sell opportunities, and deepen its presence in Brazil’s largest multi‑strategy market. The transaction also strengthens the company’s competitive position in Latin America, where alternative investment demand is rising.
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