Vinci Seeks to Raise $1.1 Billion for Brazil Private-Equity Fund
Vinci Partners Investimentos Ltda., the Brazilian investment firm founded by former Banco Pactual SA executives, is seeking to raise as much as 2 billion reais ($1.1 billion) for a private-equity fund.
Vinci Capital Partners II F Fundo de Investimento em Participacoes plans to buy stakes in companies and take part in their management, according to a March 23 regulatory filing by the Rio de Janeiro-based company. The fund will have a 10-year term and may be extended for two years.
Vinci Partners, led by Gilberto Sayao, was created in 2009 with about 5 billion reais from its partners, according to the statement. Vinci has invested in Brazilian energy companies Equatorial Energia SA (EQTL3) and Light SA (LIGT3), as well as car-rental firm Unidas SA and Argentine soybean producer Grupo Los Grobo LLC. Last year, the company became the master franchisee for Burger King Holdings Inc. in Brazil.
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