Vinci Compass Investments Ltd. reported its fourth quarter and full year 2024 earnings on February 26, 2025, highlighting a transformational year for the firm. For Q4 2024, Fee Related Earnings (FRE) reached R$79.0 million, or R$1.23 per common share, representing a 38% year-over-year increase. Adjusted Distributable Earnings (DE) for the quarter were R$73.9 million, or R$1.15 per common share, up 16% year-over-year on an absolute basis.
The company's total Assets Under Management (AUM) surged to R$327 billion by the end of 2024, marking a 377% increase year-over-year, driven by the combination with Compass and the acquisitions of MAV and Lacan. Capital subscriptions remained robust, with R$1.4 billion secured in Q4 alone, contributing to a full-year total of R$3.4 billion. Notable achievements included the final closing of VCP4 at R$3.1 billion, making it the largest private equity vintage in the company's history, and the first closing of SPS 4 at R$900 million.
For the full year 2024, FRE totaled R$248.4 million (R$4.42 per share), up 19% year-over-year, while Adjusted DE was R$239.1 million (R$4.26 per share), a 3% decrease year-over-year on an absolute basis. The Adjusted DE was impacted by a negative R$16 million in Q4 2024 due to FX rate depreciation on US Dollar net debt. Performance Related Earnings (PRE) saw a significant 106% increase year-over-year for the full year, reaching R$21.8 million.
Vinci Compass declared a quarterly dividend of US$0.15 per share, payable on March 27, 2025, to shareholders of record on March 13, 2025. CEO Alessandro Horta emphasized that 2024 was a landmark year, positioning Vinci Compass as the premier alternative investment and global solutions provider in Latin America. The firm is focused on expanding its presence across Latin America and strengthening fundraising efforts, leveraging its extensive footprint for cross-selling opportunities.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.