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Brazilian Asset Manager Vinci Eyes Deals at Home After U.S. IPO

RIO DE JANEIRO, BRAZIL - Vinci Partners Investment Ltd will use proceeds from its US$250 million U.S. initial public offering to expand in its home Brazilian market, an executive at the alternative asset manager said on Thursday, January 28th.

The Rio de Janeiro-based firm intends to acquire rivals to expand its product suite, including in real estate, equities, and some credit strategies, Head of Private Equity Bruno Zaremba said in an interview.

The company sold 13.9 million shares at US$18 each in its IPO on Wednesday, valuing Vinci, which offers investments in private equity, real estate . . .

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