Private-Credit Firms Lure Largest Latin American Asset Manager

Vinci Partners Investments Ltd., the largest asset manager in Latin America, is looking to acquire private-credit firms to gain scale in a business that’s expanding globally.

“There is a gigantic opportunity for private credit in Latin America, a place where credit is still very much concentrated in the biggest banks,” Vinci Chief Executive Officer Alessandro Horta said in an interview. “We are just beginning to see disintermediation in the region,” where there is only a “small presence of big regional asset-management players.”

Alessandro Horta

Since their initial public share offerings in January 2021, both Rio de Janeiro-based Vinci and its ...