Vinci Compass, the Nasdaq-listed alternative investment firm, is in advanced discussions to acquire Verde Asset Management, one of Latin America’s most storied hedge funds, in a strategic deal that would mark a major consolidation in Brazil’s alternative investment sector, according to a report by Reuters.
The deal, expected to be structured as a share swap, would bring together two major players managing a combined $58bn in assets, according to their websites. Verde confirmed to Reuters on Monday that negotiations are underway, following reports from Brazil Journal.
Under the preliminary terms, Vinci would assume full control of Verde after a five-year transition, although Verde’s operations will remain autonomous in the interim. Notably, Luis Stuhlberger, Verde’s co-founder and one of Brazil’s most influential hedge fund managers, is expected to stay on as a partner.
