Vinci Partners Investments, the controlling company of a major alternative investment platform in Brazil, has closed R$256 million ($46 million) in capital commitments for its Vinci Infraestrutura Água e Saneamento Fundo de Participações em Infraestrutura (VIAS) fund.
Vinci Partners said the capital raise marks the beginning of a new strategy in the firm’s infrastructure segment, focused on investing private capital into the privatization of state-owned companies that provide water and sewage services for the Brazilian population.
Vinci Partners is seeking to raise up to R$1 billion ($180 million) for VIAS.
“We are seeing a robust pipeline of opportunities, aligned with the sector’s new regulatory framework, which set universal goals of coverage and quality for water and sewage services rendered in Brazil,” said Jose Guilherme Souza, partner and head of infrastructure for Vinci Partners.
He added, “The Brazilian landscape is currently dominat
