Vinci Partners Investments Ltd. reported its third quarter 2024 earnings on November 7, 2024, showcasing Fee Related Earnings (FRE) of R$53.8 million, or R$1.02 per common share. Adjusted Distributable Earnings for the quarter reached R$57.1 million, or R$1.08 per common share. Total Fee Related Revenues increased by 5% year-over-year to R$112.7 million, driven by a pickup in deal activity and organic growth in Private Market strategies.
The company's Assets Under Management (AUM) reached R$70 billion, marking an 8% year-over-year growth, propelled by R$4.3 billion in capital subscriptions over the last twelve months, primarily across Private Markets funds. Private Market Strategies AUM specifically grew 16% year-over-year to R$35.2 billion. However, Performance Related Earnings (PRE) decreased by 13% year-over-year to R$1.0 million, reflecting challenges in the performance of liquid funds in the local market.
Vinci Partners declared a quarterly dividend of US$0.16 per share, payable on December 5, 2024, to shareholders of record on November 20, 2024. This dividend represents an increase from the previous quarter's US$0.15 per share. The company highlighted over half a billion reais in additional commitments, including the first from a global investor in its Credit Infra strategy, contributing to its robust AUM and FRE numbers.
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