Vinci Partners Infrastructure Listed Fund (VIGT) Announces Full Deployment Of Previous Capital Raise
RIO DE JANEIRO, April 9, 2021 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners, the “Company,” “we,” “us,” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today that Vinci Energia FIP-IE, or VIGT, Vinci Partners’ infrastructure core plus listed vehicle, managed by Vinci Partners’ Infrastructure team, committed to its final acquisition from the proceeds of the capital raise in January 2021.
VIGT is a listed fund, and a quasi-perpetual vehicle, focused on acquiring yield-generating power transmission assets in Brazil. The fund concluded its second issue of quotas in January 2021, raising R$ 404 million, and reaching a market capitalization of approximately R$ 750 million as of March 31, 2021.
Since the offering’s closing, the team has announced two relevant transactions for the fund’s portfolio, concluding the capital allocation for this offering in approximately three months: the acquisition of a wind energy portfolio, composed of three assets (“Mangue Seco 1, 3 and 4”), which has already closed, and a binding strategic partnership with Sterlite Brasil, a power transmission company, to acquire part of their portfolio of power transmission assets.
José Guilherme Souza, partner and Head of Infrastructure for Vinci Partners, said, “Our team is very pleased with the turnout from our previous capital raise for VIGT. After a successful follow-on offering in January 2021, we were able to finalize, in a short period of time, the allocation of the capital raise proceeds. The fund invested in high-quality assets, aligned with the fund’s strategy of building a diversified portfolio of yield-generating power transmission mature assets for our investors. The partnership with Sterlite Brasil also included additional three assets for our pipeline of acquisitions, which can be eventually added to the fund with a follow-on offering for VIGT.”
About Vinci Partners Infrastructure
Our infrastructure core plus strategy has exposure to real assets related to physical infrastructure, through investments in equity and debt instruments across several sectors, including but not limited to power generation and transmission, transportation and logistics and water & sewage. The infrastructure team seeks control or control-oriented positions and employs active hands-on management of assets and operations. We primarily review brownfield and consolidation opportunities, targeting fragmented industries within sub-strategies.
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, hedge funds, and investment products and solutions, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a financial 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.
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SOURCE Vinci Partners