Vinci Compass Investments (VINP) Company Report

Analyst Coverage

Research analysts who have asked questions during Vinci Compass Investments earnings calls.

Guilherme Grespan

JPMorgan Chase & Co.

4 questions for VINP

Also covers: DLO, ITUB, PAX +1 more

Ricardo Buchpiguel

BTG Pactual

4 questions for VINP

Also covers: BDORY, BLX, INTR +2 more

Pedro Leduc

Itau BBA

2 questions for VINP

Also covers: BBAR, BBD, BDORY +7 more

Tito Labarta

Goldman Sachs

2 questions for VINP

Also covers: BAP, BBAR, BBD +14 more

Beatriz Bomfim de Abreu

Goldman Sachs Group, Inc.

1 question for VINP

Also covers: BCH, BSAC, DLO +2 more

Lindsey Shema

The Goldman Sachs Group, Inc.

1 question for VINP

Also covers: BAP, BCH, BSAC +1 more

William Buonsanti Barranjard

Itaú Corretora de Valores S.A.

1 question for VINP

Also covers: PAGS, PAX, STNE

Latest news

Recent press releases and 8-K filings for VINP.

Vinci Compass Completes Acquisition of Majority Stake in Verde Asset Management

VINP

M&A

New Projects/Investments

Vinci Compass Investments Ltd. (VINP) has completed the acquisition of a 50.1% controlling stake in Verde Asset Management, a leading multi-strategy asset manager in Brazil.
The acquisition adds approximately R$16 billion in assets under management (AUM), further enhancing Vinci Compass's Global Investment Products & Solutions (Global IP&S) product shelf.
The transaction is expected to be immediately accretive on a double-digit basis to FRE per share and low-to-mid single-digit accretive to Distributable Earnings per share.
As of September 2025, Vinci Compass had R$316 billion in assets under management and advisory.

Dec 1, 2025, 9:05 PM

Press Release

Vinci Compass Reports Strong Q3 2025 Results and Progress on Strategic Initiatives

VINP

Earnings

M&A

Guidance Update

Vinci Compass reported strong Q3 2025 adjusted distributable earnings of BRL 73.1 million, or BRL 1.16 per share, marking a 28% year-over-year increase. The FRE margin reached 32.3%, its highest level year-to-date, reflecting operating leverage and cost reductions.
Total Assets Under Management (AUM) increased 4% quarter-over-quarter to BRL 316 billion, or $59.4 billion, driven by BRL 19 billion in capital formation and appreciation.
The acquisition of Verde is expected to close by the end of November, with management anticipating it will significantly boost FRE margins to the mid-30% level in 2026 and contribute to the 38% FRE margin target by 2028.
A quarterly dividend of $0.15 per common share was declared, payable on December 9th.

Nov 13, 2025, 10:00 PM

Transcript

VINP Reports Strong Q3 2025 Earnings and Strategic Acquisition

VINP

Earnings

M&A

New Projects/Investments

Vinci Compass reported Fee Related Earnings (FRE) of R$77 million, a 43% year-over-year increase, with FRE per share at R$1.22 for Q3 2025.
Adjusted Distributable Earnings (Adj. DE) for Q3 2025 reached R$73 million, up 28% year-over-year, with Adj. DE per share at R$1.16.
The company announced the acquisition of a 50.1% stake in Verde Asset Management.
Total assets under management and advisory (AuM) increased 349% year-over-year to R$316.3 billion in Q3 2025, primarily driven by the combination with Compass and the acquisition of Lacan.
Vinci Compass declared a quarterly dividend of US$0.15.

Nov 13, 2025, 10:00 PM

Presentation

Vinci Compass Investments Ltd. Reports Q3 2025 Earnings and Strategic Acquisition

VINP

Earnings

M&A

Revenue Acceleration/Inflection

Vinci Compass Investments Ltd. reported total net revenues from services rendered of R$241.3 million for Q3 2025, an increase of 111% year-over-year, and R$717.1 million for the nine-month period ended September 30, 2025, up 102% year-over-year.
Adjusted net income for Q3 2025 was R$59.4 million, a 50% increase year-over-year, reaching R$163.8 million for the nine-month period ended September 30, 2025, up 22% year-over-year.
Assets Under Management (AUM) grew to R$316.3 billion as of September 30, 2025, marking a 349% year-over-year increase, primarily due to the combination with Compass and the acquisition of Lacan.
Fee Related Earnings (FRE) for Q3 2025 were R$77.1 million, up 43% year-over-year, and Distributable Earnings (DE) were R$73.0 million, up 37% year-over-year.
The company announced the acquisition of a 50.1% stake in Verde Asset Management.

Nov 13, 2025, 9:26 PM

6-K

Vinci Compass Reports Third Quarter 2025 Earnings Results

VINP

Earnings

Dividends

M&A

Vinci Compass reported Fee Related Earnings of R$77.1 million, or R$1.22 per common share, and an FRE Margin of 32.3% for the third quarter of 2025. Adjusted Distributable Earnings were R$73.1 million, or R$1.16 per common share.
The company declared a quarterly dividend of US$0.15 per share, payable on December 9, 2025, to shareholders of record as of November 24, 2025.
Strategic advancements include advanced fundraising across Global IP&S and Credit, and the announcement of the acquisition of Verde Asset Management.
As of September 2025, Vinci Compass had R$316 billion in assets under management and advisory.

Nov 13, 2025, 9:01 PM

Press Release

Vinci Compass Investments Ltd. Reports Growth, Announces Acquisition, and Sets 2028 Targets

VINP

Earnings

M&A

Guidance Update

Vinci Compass Investments Ltd. (VINP) demonstrated significant growth, with Assets Under Management (AuM) increasing approximately 6x from R$ 50 billion in 2020 to R$ 304 billion in 2Q'25, and Fee Related Earnings (FRE) growing by a 15% CAGR from R$ 201 million in 2Q'23 LTM to R$ 264 million in 2Q'25 LTM.
The company is acquiring 50.1% of Verde Asset Management, a transaction expected to close in Q4 2025 and be immediately accretive on a double-digit basis to FRE per share.
VINP has set ambitious 2028 targets, aiming for Fee Related Revenues of ~R$ 1.6 billion (a ~22% CAGR from 2Q'25 LTM), Fee Related Earnings of ~R$ 600 million (a ~26% CAGR), and a fundraising target of R$ 100 billion from 2H'25 through 2028.
Since its IPO, VINP has allocated capital to M&A (R$ 417.7 million), buybacks (R$ 345.7 million), and distributed R$ 898.4 million (US$ 3.05 per share) in dividends, reflecting a disciplined capital allocation strategy.

Oct 7, 2025, 10:20 PM

6-K

Vinci Compass Investments Highlights Strategic Growth and Financial Performance at Investor Day 2025

VINP

Earnings

New Projects/Investments

Dividends

Vinci Compass Investments reported Total Fee Related Revenues of R$232,733 thousand and Segment Distributable Earnings of R$89,088 thousand for the second quarter of 2025.
The company operates with a pan-regional presence across seven Latin American countries, the US, and Europe, emphasizing diversified funding and asset allocation, with Real Assets comprising 76% of its segments breakdown.
Vinci Compass manages R$18 billion in AuM for Global Investment Solutions and US$280 million in Forestry AuM , and has significantly expanded its investment strategies from 2020 to 2025, particularly in Global IP&S, Credit, and Real Assets.
Key capital allocation priorities include developing Alternative Capabilities in LatAm Ex-Brazil, sustaining a strong capital distribution profile to shareholders, and continuing capital commitment to funds and strategies, having distributed US$3.05 per share as dividends and buybacks since its IPO.

Oct 7, 2025, 5:00 PM

Presentation

Vinci Compass Investments Outlines Growth Strategy and Announces Acquisition

VINP

M&A

Guidance Update

New Projects/Investments

Vinci Compass Investments announced a partnership with Beje Asset Management (VEG), which will add BRL 16 billion of AUM and is expected to be immediately accretive on a double-digit basis to FRE per share.
The company set three-year targets until fiscal year 2028, aiming for BRL 100 billion in fundraising, a 22% CAGR in fee-related revenues (from BRL 800 million LTM to BRL 1.6 billion), and a 23% CAGR in fee-related earnings (FRE) (from BRL 264 million LTM to BRL 600 million).
VINP plans to expand its FRE margin by 10 percentage points by FY 2028, driven by the VEG acquisition (4 percentage points) and organic operating leverage (6 percentage points).
The firm is strategically focused on regional expansion, capturing secular growth in private credit, and increasing its discretionary AUM mix, while also highlighting significant investments in infrastructure, such as the acquisition of a controlling stake in the Rio de Janeiro International Airport.

Oct 7, 2025, 5:00 PM

Transcript

Vinci Compass Outlines Strategic Vision and Financial Targets at Investor Day 2025

VINP

M&A

Guidance Update

New Projects/Investments

Vinci Compass (VINP) announced the acquisition of Verde Asset Management and highlighted its strategic position as the gateway to alternatives in Latin America with over BRL 320 billion of Assets Under Management (AUM) across 8 countries.
The company targets significant growth by 2028, aiming for BRL 1.6 billion in fee-related revenues (22% CAGR), BRL 600 million in Investment-Related Earnings (IRE), and a Fee-Related Earnings (FRE) margin of 38%.
Key growth drivers include regional expansion, capitalizing on the private credit market, and leveraging revenue streams through higher-fee discretionary strategies.
Vinci Compass emphasizes its three complementary earning streams: Fee-Related Earnings (FRE) for stability, Performance-Related Earnings (PRE) for upside, and Investment-Related Earnings (IRE) from GP capital gains.
The firm is also focused on operational integration following the Compass combination, including SOX compliance, and is actively deploying AI tools, with 80% of its 630 employees currently utilizing them.

Oct 7, 2025, 5:00 PM

Transcript

Vinci Compass Outlines Strategic Growth and Financial Targets at Investor Day 2025

VINP

Guidance Update

M&A

New Projects/Investments

Vinci Compass (VINP) highlighted its strategy to be the gateway to alternatives in Latin America, leveraging its pan-regional platform, distribution capabilities, and diversified product offerings. The company manages over BRL 320 billion in AUM.
The firm's business model is built on three complementary earning streams: Fee-Related Earnings (FRE), Performance-Related Earnings (PRE), and Investment-Related Earnings (IRE), with FRE currently representing approximately 84% of total fees and 90% of distributable earnings.
Vinci Compass set organic two-year targets for 2028, aiming to increase fee-related revenues from BRL 800 million to BRL 1.6 billion (22% CAGR), IRE earnings from BRL 264 million to BRL 600 million (23% CAGR), and expand its margin from 28% to 38%.
The company has strategically expanded through M&A, using $420 million of capital , and has committed BRL 1.4 billion in balance sheet capital to funds, achieving a 15x leverage on LP commitments. This capital is expected to return by 2031, driving future IRE and private PRE.
Significant growth opportunities exist in the underpenetrated Latin American alternatives market, particularly in private credit, where Vinci Compass aims to add $13 billion in AUM by June 2025.