August 26, 2022

By Lynda Kiernan-Stone, Global AgInvesting Media

Vinci Partners Investments, a Brazil-based company in control of a leading alternative investment platform, announced a close at R$360 million (approximately US$71 million) for Vinci Crédito Agro Fiagro Imobiliário (VICA), the first fund launched under its agribusiness strategy.

Established in 2009, Vinci Partners is a top alternative investor active in private equity, public equities, real estate, credit, infrastructure, hedge funds, investment products, and special solutions managed by dedicated investment teams working in an independent investment committee and decision-making process.

Co-managed by Vinci’s Credit and Real Estate segments, VICA is Vinci’s first product developed within the scope of its joint venture with agribusiness-focused investment company Chrimata, announced in May 2021.

“We are thrilled to announce the first capital raise for VICA, yet another successful partnership between our Credit and Real Estate strategies,” said Marcello Almeida, partner, and head of Credit, Vinci Partners.

Under an evergreen structure, VICA is a perpetual capital fund focusing on bilateral senior secured credit transactions, and is designed to become listed in the B3 stock exchange through a public follow-on offering in up to five years. It plans on building a diversified credit portfolio within Brazil’s agribusiness sector, targeting key producing regions and soft commodities such as soy, corn, cotton, coffee, sugar, and ethanol, along with agri-related industries and supply chains.

In March of this year, another fund managed by Vinci Partners’ Private Equity strategy  – Vinci Capital Partners III (VCP III) – announced its agreement to invest in Evino, the largest specialty wine retailer in Brazil. 

“This transaction marks VCP III’s seventh and final investment,” said Carlos Eduardo Martins, partner and co-head of private equity, Vinci Partners. “We are excited to come back with our fourth vintage in 2022, VCP IV, to further pursue unique investment opportunities in Brazil and continue to deliver attractive returns to our limited partners by implementing our decades-long investment philosophy of partnering with distinguished entrepreneurs and proven management teams, promoting operational change and driving value creation in the companies we invest.”

Commenting on how VICA will fit with the firm’s offerings, Almeida commented, “We believe to have structured a truly one-of-a-kind product, combining the attractive and scalable market opportunity we see for Agribusiness in Brazil given its strong competitive advantages, alongside our team’s expertise to identify best-in-class players and to structure tailor-made credit facilities to address their capital needs.”

“VICA will be a strategic fit to our product offering within Private Markets,” added Leandro Bousquet, partner, and head of real estate, Vinci Partners.

“This capital raise marks a solid start to our new agribusiness strategy, reaching the hard cap of this fundraising round backed by sizable demand from investors in a challenging market environment,” continued Bousquet. “Our team is very excited and ready to execute the appealing pipeline of assets we have ahead of us, throughout the next few months.”

~ Lynda Kiernan-Stone is editor with GAI Media, and is managing editor and daily contributor for Global AgInvesting’s AgInvesting Weekly News and  Agtech Intel News, as well as HighQuest Group’s Unconventional Ag. She can be reached at lkiernan-stone@globalaginvesting.com.

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