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Brazil’s Vinci Closes US$1b Fund III

16 May 2019

Vinci Capital Partners announced the final closing of its most recent private equity fund, Vinci Capital Partners Fund III and related co-investment entities of US$1billion (R$3.962 billion) of capital commitments. The amount includes US$310.6 million (R$1.225 billion) from co-investment capital, of which US$227.6 million remains discretionary on the part of investors.

(Press Release) Vinci Capital Partners (“Vinci” or the “Firm”) is pleased to announce the final closing of its most recent private equity fund, Vinci Capital Partners Fund III (“VCP III” or the “Fund”) and related co-investment entities of US$1billion (R$3.962 billion) of capital commitments. This amount includes US$310.6 million (R$1.225 billion) from co-investment capital, of which US$227.6 million remains discretionary on the part of investors.

In addition to support from existing and local institutional investors, Vinci Capital Partners secured new commitments from a sophisticated group of global based institutional investors, including US public pension plans, consultants, sovereign wealth funds, funds of funds and family offices. Among funds managed by local and independent fund managers, Vinci Capital Partners Fund III is the largest Brazil focused private equity fund raised in over a decade in US$.

“We are very pleased with the significant level of interest in our fund and we’re eager to put this capital to work investing in high-growth opportunities in Brazil,” said Bruno Zaremba, Partner and Head of Private Equity. “We thank our existing and new investors for their support and commitment to Vinci, and we will continue to strive to deliver them strong returns.”

“Our team’s extensive experience in the region and long history of working together, makes us a credible, trusted partner with a strong reputation. We believe Vinci is the partner of choice to entrepreneurs and CEOs in Brazil. We will continue to focus on delivering results to our investors and writing success stories together with management teams,” adds Alessandro Horta, CEO.

Since 2001, investment vehicles controlled by Vinci have invested over US$1.7 billion (R$3.8 billion) across 22 investments to date. VCP III aims to continue its operationally–intensive, control–oriented strategy applied to the Firm’s prior funds over the last two decades. The firm will work side-by-side with the company management teams to implement a post-acquisition operating plan and will seek to drive growth and value creation in the business. Vinci Partners considers that its key competitive advantage is its “home-grown” team with significant local knowledge, networks and proprietary deal flow in Brazil.

“The fundraising for VCP III has been a great success. We remain thankful for the continued support of our existing investors, and we are proud of the high quality of new investors we now welcome into VCP III,” said Pedro Quintella, Partner and Head of Structuring and Investor Relations.

MVision Private Equity Advisers acted as the exclusive strategic fundraising adviser for Vinci Capital Partners. Debevoise & Plimpton LLP acted as the Fund’s legal counsel.

About Vinci Capital Partners
Founded in 2009, Vinci Capital Partners is an independently-owned private equity manager in Brazil. Vinci Partners’ Private Equity investment team is led by Gilberto Sayão, Alessandro Horta, Bruno Zaremba, Gabriel Felzenszwalb and Carlos Eduardo Martins. The Firm has successfully invested in opportunistic private equity and equity-like investments in Brazil over multiple market cycles spanning nearly two decades. The team targets control and control-oriented investments in sectors it believes will benefit from the long-term growth in the Brazilian economy. Vinci is headquartered in Rio de Janeiro, Brazil and has an additional office in São Paulo, Recife and New York. For further information about Vinci Capital Partners, please visit www.vincipartners.com/

Read More at Private Equity International.