Vinci Compass Investments Ltd. reported its first quarter 2025 earnings on May 12, 2025, marking its first full quarter operating as Vinci Compass. The company delivered Fee Related Earnings (FRE) of R$65.7 million, or R$1.04 per common share, an increase of 22% year-over-year. Adjusted Distributable Earnings (DE) reached R$62.3 million, or R$0.98 per common share, up 26% year-over-year on an absolute basis and 6% per share.
The quarter saw strong fundraising results, with R$1.1 billion in capital subscriptions, primarily driven by the Credit segment. This included the second closing of PEPCO II, a private credit fund in Peru, raising over R$600 million, and the first closing of MAV III, an agribusiness credit fund, securing close to R$200 million. SPS IV, an opportunistic credit vintage, reached R$1.1 billion in total commitments in its first close.
Total Assets Under Management (AUM) stood at R$305 billion as of March 2025. However, AUM decreased by 7% quarter-over-quarter, mainly due to a R$18.9 billion negative impact from FX variation and capital returns/outflows from Third-Party Distribution Liquid strategies. Performance Related Earnings (PRE) increased by 37% year-over-year to R$1.7 million.
Vinci Compass declared a quarterly dividend of US$0.15 per share, payable on June 10, 2025, to shareholders of record on May 27, 2025. This represents a slight decrease from the US$0.16 dividend declared in the previous quarter. The company emphasized significant progress in integrating its combined platforms, fostering collaboration, and accelerating value creation across its diverse strategies and geographies.
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