RIO DE
JANEIRO, May 9, 2024 /PRNewswire/ -- Vinci Partners
Investments Ltd. (NASDAQ: VINP) ("Vinci Partners", "we", "us" or
"our"), the controlling company of a leading alternative investment
platform in Brazil, reported today
its first quarter 2024 earnings results.
Vinci Partners has issued a complete earnings release and a
detailed presentation in the 'Quarterly Earnings' section of the
company's website at:
https://ir.vincipartners.com/financials/quarterly-results/
Alessandro Horta, Chief Executive
Officer stated, "Vinci posted another quarter with double digit
growth in Fee Related Earnings, pushed by strong fundraising across
Private Markets products over the last twelve months and advisory
fees in the first quarter. Despite the challenges posed by a
turbulent global market, marked by uncertainties in interest rates
impacting asset performance and fundraising opportunities across
various strategies, we have demonstrated resilience and patience,
performing well across the board."
Dividends
Vinci Partners has declared a quarterly dividend of US$0.17 per share to record holders of common
stock at the close of business on May 23,
2024. This dividend will be paid on June 07, 2024.
Financial Highlights
Vinci Partners posted Fee Related Earnings of R$53.6 million in the 1Q'24, or R$1.01 per common share. Adjusted Distributable
Earnings for the quarter of R$49.6
million, or R$0.93 per common
share.
Webcast and Earnings Conference Call
Webcast can be accessed by clicking here. For those unable to
listen to the live broadcast, there will be a webcast replay on the
same section of the website.
To access the conference call through dial in, please register
at 1Q24 VINP Earnings Dial In to obtain the conference number and
access code.
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, private credit, special situations,
infrastructure, 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.