Brazilian alternatives investment firm Vinci Partners is joining forces with Chilean asset manager Compass Group, the groups announced Thursday.
The merger will create a Latin American asset manager with more than $50bn in assets under management across private markets, investment products and public equities.
Compass Group is a leading asset management firm in Latin America that oversees $37bn in traditional and alternatives assets and has a presence in seven countries in the region, as well as offices in the US and the UK.
Through its combination with Compass, Vinci will be able to expand beyond its native Brazil into Latin America and build a ‘pan-regional’ alternative investments platform, the group said.
The deal is expected to close in third quarter of 2024, with Compass executives and senior management set to continue their current roles
‘We believe this transaction consolidates Vinci’s position as the gateway to alternative investments in Latin America, as investors gain unparalleled access to the full-suite of alternative investments across the region,’ said Alessandro Horta, CEO of Vinci Partners.
Commenting on the merger, Jaime Martí, CEO of Compass, said: ‘Over the last 28 years, we have built a strong reputation through our extensive distribution network and track record in Latin America. Combining with Vinci is the perfect complementary move, as we gain access to a leading and diverse set of alternative investment opportunities in Brazil.
‘There is a significant opportunity to grow in LatAm, and the combination with Vinci will allow us to develop new regional products leveraging on their extensive capabilities as well as expand our product base into Brazil through Vinci´s distribution relationships.’
