Business

Brazilian broker XP acquires stake in asset manager Vista Capital

This deal marks XP's ninth acquisition involving an asset manager since 2020, as it has been expanding its business beyond securities distribution

Photo: REUTERS/Amanda Perobelli
  • The manager’s corporate governance and independence remain unchanged;
  • XP has has been expanding its business beyond securities distribution.

Brazilian broker XP has acquired a minority stake in Vista Capital, an asset management firm with BRL 4.5 billion under management in hedge and equity funds, XP said in a statement on Tuesday.

This deal marks XP’s ninth acquisition involving an asset manager since 2020, as it has been expanding its business beyond securities distribution.

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“The deal marks the partnership with one of the main multimarket and equity fund managers of the Brazilian industry. Vista Capital is recognized by its differentiated performance delivery, and is aligned with XP’s mission of not measuring efforts to delight its clients”, said Leon Goldberg, partner of XP responsible for the partnership area, in a press statement.

Among the highlighted products of the manager, there are stock funds, such as Vista FIC FIA, and multimarket funds, such as Vista Multiestratégia FIC FIM – product recognized among professionals and investors.

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“XP and its partners have been great partners since the beginning of Vista. They have closely followed our trajectory, contributed to the construction of the company, and know deeply our investment culture and our products. We are very happy with the opportunity to intensify this solid and long partnership. The prominent position of XP in the investment industry, both nationally and internationally, will bring important gains for us to follow the path followed so far, focused on performance, dedicated to the long term, and fully aligned with our clients”, said Luiz Guilherme Gama, founding partner and CEO of Vista Capital.

Vista Capital’s partners are João Landau (Macro Director), João Lopes (Equities Director), Luiz Guilherme Gama (CEO), Alexandre Maia (Chief Economist), Persio Arida (Board Member), among other executives. The manager’s corporate governance and independence remain unchanged.

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