Vinci Compass Investments Ltd. (VINP) Form 6-K — Aug 19, 2026
Vinci Compass Investments filed its August 2026 investor presentation under Form 6-K, reporting R$361.2 billion in assets under management and advisory as of June 2026, up 19% year-over-year. Second-quarter 2026 Fee Related Earnings reached R$88.7 million, up 36% year-over-year, with FRE per share of R$1.35, up 31%. The quarter featured the completed strategic combination with BACS Asset Management, which added R$4.0 billion in AuM and a scaled platform in Argentina, plus the announced acquisition of Navi Real Estate adding R$0.8 billion across REITs and closed-end funds. The board declared a quarterly dividend of US$0.17 per common share, payable September 9, 2026.
Key figures
- Revenue
- R$272.4 million 2Q'26 total fee related revenues (+17% YoY); R$279.8 million 2Q'26 total net revenues from services rendered (+16% YoY)
- Net Income
- R$52.6 million in 2Q'26 (-21% YoY); R$161.9 million 2Q'26 YTD (+32% YoY)
- Total Debt
- R$561.7 million debt obligations as of 2Q'26
- Revenue Yoy
- +17% YoY fee related revenues in 2Q'26
- Total Assets
- R$4,088.7 million as of June 30, 2026
- Cash Position
- R$225.0 million cash and cash equivalents as of June 30, 2026
- Shares Outstanding
- 65,650,983 common shares as of June 30, 2026 (16,029,238 Class A shares in public float)
- Au M
- R$361.2 billion, +19% YoY and +4% QoQ
- Fre LTM
- R$342 million 2Q'26 LTM FRE
- Fre2 Q26
- R$88.7 million, +36% YoY; FRE per share R$1.35, +31% YoY; FRE margin 32.5% in 2Q'26 and 34.0% YTD
- Dividend
- US$0.17 per common share; record date August 25, 2026; payable September 9, 2026
- Fy2028 Targets
- Fee Related Revenues ~R$1.6 billion (from R$950 million FY2025, ~19% CAGR); FRE ~R$600 million (from R$288 million FY2025, ~25% CAGR); FRE margin ~38% (+8 p.p.)
- Adjusted DE2 Q26
- R$63.3 million, -16% YoY; US$0.19/share; 21.4% margin
- Ire Commitments
- R$1,498.1 million committed; R$963.8 million called (64.3%); fair value of investments R$890.4 million
- Vcp Track Record
- 61.3% gross IRR and 2.0x gross MOIC
- Bacs Combination
- R$4.0 billion AuM added via BACS Asset Management strategic combination (Argentina)
- Navi Acquisition
- R$0.8 billion AuM to be added via announced Navi Real Estate acquisition
- Capital Formation
- R$53.2 billion 2Q'26 LTM capital formation and appreciation; R$13 billion in 2Q'26
- Fundraising Target
- R$100 billion from 2H'25 through 2028
- Expected IRERun Rate
- R$100 million+ annually (~R$1.55 per share), normalized between 2028-2031; 18-20% gross blended target IRR
- Net Cash And Investments
- R$725.1 million (R$13.27 per share)
- Performance Eligible Au M
- R$45 billion as of 2Q'26
- Capital Returned Since IPO
- R$1.1 billion total dividends and R$345.7 million buybacks since IPO; R$413.2 million cash used on M&As
- Gross Accrued Performance Fees
- R$129 million as of 2Q'26
- Quarterly Capital Subscriptions
- R$0.8 billion across SPS IV, MAV IV and Lacan IV in 2Q'26
AI analysis
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