Vinci Partners Investments, the controlling company of an alternative investment platform in Brazil, has held the final closing of Vinci Impacto e Retorno IV (VIR IV), the impact family of funds managed by the Vinci Partners’ Private Equity segment.
The fund was formally closed at the Hard Cap of BRL1 billion. This fundraise represents additional long-term capital with formal lock ups of at least 10 years, raised through local and offshore institutional clients, high net-worth individuals, and retail investors.
VIR IV has a unique strategy in Brazil, with a dual mandate to generate favourable market returns as well as impact, through the acquisition of minority holdings in small- and medium-sized Brazilian enterprises with business models that exhibit growth potential and clear measurable environmental, social and governance, or ESG, goals.
José Pano, partner and Head of the VIR strategy for Vinci Partners, says: “We are very pleased with our successful fundraising for VIR IV. This one-and-only strategy allows us to generate attractive market returns to our investors and at the same time see the impact generated in our society, with quantifiable ESG ratings for each of the fund’s investments. We have a great opportunity for this type of investment in Brazil and trust that with the team’s track record we can achieve results in line with investors’ expectations.”
Read more/Source: Private Equity Wire
