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Mar 31
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Vinci Partners Q1 2025 Earnings Report
Vinci Partners reported solid results driven by strong growth in management fees and capital commitments.
Key Takeaways
Vinci Partners delivered a 26% year-over-year increase in Adjusted Distributable Earnings in Q1 2025, with robust growth across Private Equity and Credit segments, and R$1.1 billion in new capital subscriptions.
Adjusted Distributable Earnings grew 26% YoY to R$62.3 million.
Fee Related Revenues rose 117% YoY, reaching R$231.6 million.
Private Equity and Credit segments led capital subscriptions, totaling R$1.1 billion.
AUM reached R$304.6 billion, despite FX-driven headwinds.
Vinci Partners
Vinci Partners
Vinci Partners Revenue by Segment
Vinci Partners Revenue by Geographic Location
Revenue by Segment
Management Fees Revenue
CapyFin.comAdvisory Fees Revenue
CapyFin.comPerformance Fees Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
Brazil Revenue
CapyFin.com Forward Guidance
Vinci expects to maintain momentum through continued fundraising, segment diversification, and efficiency gains.
Positive Outlook
- Strong capital subscription pipeline including SPS IV and PEPCO II.
- Improved margin trends expected as integration synergies mature.
- Private Equity and Real Assets segments showing organic and inorganic growth.
- Continued focus on high-fee rate strategies.
- Robust platform scaling across Latin America.
Challenges Ahead
- FX volatility continues to impact consolidated AUM.
- First quarter seasonality and macro uncertainty affected advisory revenues.
- Higher expenses from Compass integration compressed FRE margins.
- Performance fees remain limited outside Brazilian equity funds.
- Outflows from legacy TPD Liquid strategies continue to pressure AUM.