Vinci Partners launches hybrid fund

Vinci Partners launches hybrid fund

Brazil Funds Equity Bonds

Vinci Partners has launched a hybrid fund to raise up to BRL500m ($160.4m) for its shopping centers REIT. The asset manager has picked Itau BBA, BTG Pactual and XP Investimentos to market the fund to both debt and equity investors, two bankers said. Vinci Shopping Centers Fundo de Investimento Imobiliario’s, or FII’s, securities will trade on the stock exchange but will be sold as a fixed income instrument, the sources added. The fund is expected to price in October with a coupon and yield

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