XP Inc. Acquires Minority Stake in Vista Capital, a Leading Brazilian Asset Manager
16 Novembro 2021 - 8:49AM
XP Inc. (Nasdaq: XP), a leading, technology-driven
platform and a trusted provider of low-fee financial products and
services in Brazil, announced today the acquisition of a minority
stake in Vista Capital, one of the main independent equity and
hedge funds managers in Brazil, with over R$4.5bn in Assets Under
Management (AUM). This transaction reinforces XP’s strategy to
develop the most complete ecosystem of managers and distributors in
Brazil.
Additionally, the development of independent
asset managers meets XP's strategy by contributing to an increase
in secondary market liquidity, helping to democratize investment
products to more Brazilians.
Vista has a solid performance track record in
hedge funds and equity funds, with its flagship fund Vista
Multiestratégia FIC FIM yielding 444% since inception and net of
fees, against 68% of its benchmark. Both teams expect that, along
with Vista’s ability to further develop new products, it can grow
its AUM, and benefit both the asset manager and our funds
platform.
Vista CapitalFounded in 2014 in
Rio de Janeiro, Vista currently manages over R$4 billion in
multimarket and equity investment funds.
About XP
XP is a leading, technology-driven platform and
a trusted provider of low-fee financial products and services in
Brazil. XP’s mission is to disintermediate the legacy models of
traditional financial institutions by:
- Educating new
classes of investors;
- Democratizing
access to a wider range of financial services;
- Developing new
financial products and technology applications to empower clients;
and
- Providing
high-quality customer service and client experience in the industry
in Brazil.
XP provides customers with two principal types
of offerings, (i) financial advisory services for retail clients in
Brazil, high-net-worth clients, international clients and corporate
and institutional clients, and (ii) an open financial product
platform providing access to over 800 investment products including
equity and fixed income securities, mutual and hedge funds,
structured products, life insurance, pension plans, real-estate
investment funds (REITs) and others from XP, its partners and
competitors.
Forward Looking Statements
This press release contains "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. Words such as "expect," "anticipate," "should,"
"believe," "hope," "target," "project," "goals," "estimate,"
"potential," "predict," "may," "will," "might," "could," "intend,"
variations of these terms or the negative of these terms and
similar expressions are intended to identify these statements.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond XP Inc’s control.
XP, Inc’s actual results could differ materially
from those stated or implied in forward-looking statements due to
several factors, including but not limited to: competition, change
in clients, regulatory measures, a change the external forces among
other factors.
For any questions, please contact:
André Martins
Antonio Guimarães
Marina Montemor
Investor Contact: ir@xpi.com.br
IR Website: investors.xpinc.com/en/
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