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Vinci Partners: Q1 Earnings Snapshot
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Vinci Partners: Q1 Earnings Snapshot
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Vinci Partners Real Estate Industrial Development Fund (VFDL) Announces First Capital Deployment Vinci Partners Investments Ltd Grand Cayman, CAYMAN ISLANDS
RIO DE JANEIRO, Brazil, April 29, 2021 (GLOBE NEWSWIRE) Vinci Partners Investments Ltd. ( Vinci Partners, the Company, we, us, or our ), the controlling company of a leading alternative investment platform in Brazil, announced today the first acquisition for Vinci Fulwood FII, or VFDL, Vinci Partners’ Real Estate new industrial development strategy.
VFDL has closed the acquisition of a 30% stake in a development project for the new industrial site “Extrema Business Park – Block III”, located in the city of Extrema, Minas Gerais. With this acquisition, the fund has deployed approximately 20% of its first capital raising in March 2021, which totaled R$ 381 million in capital commitments. The strategy aims to raise up to R$800 million through additional offerings.
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