Vinci Partners Investments Ltd., the controlling company of a leading alternative investment platform in Brazil, announced the closing of R$381 million in commitments for “Vinci Fulwood Desenvolvimento LogÃstico FII”, or “VFDL”, a fund managed by the Vinci Partners Real Estate segment.
This capital raise marks the beginning of a new strategy in Vinci Partners’ Real Estate segment, focused on the development of greenfield industrial properties, for which we expect to raise up to R$ 800 million. Fulwood Empreendimentos LogÃsticos, one of the largest development players for industrial real estate assets in Brazil, will act as the fund’s development partner through a joint venture with Vinci Partners.
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Leandro Bousquet, partner and Head of Real Estate for Vinci Partners, said, “We completed a successful fundraise that sets the beginning of a new strategy within the Real Estate segment. We have seen great demand for this type of product inside the real estate asset class, with the increasing demand for high-quality industrial assets combined with the mitigation of risk due to a shorter investment cycle. We believe our joint venture with Fulwood, together with the team’s track record in the industrial segment puts us in a unique position to take advantage of this market opportunity.”
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Vinci Partners’ Real Estate strategy is primarily focused on the acquisition of core, income-generating assets through public real estate funds (REITs). Our Real Estate strategy invests across various sub-strategies including shopping malls, industrial and logistics, offices, and financial instruments related to real estate assets. The Real Estate segment also manages opportunistic development funds.
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