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June 15, 2021

BTG Pactual picks minority stake in wealth management platform Perfin

By Verdict Staff

Brazilian investment banking company BTG Pactual has reportedly bought a minority stake in asset manager and wealth management platform Perfin.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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Perfin will continue to be led by its current partners Ralph Rosenberg, Gaspar Gasparian, Daniel Tucci, Alexandre Sabanai, and Jose Moraes, Brazil Journal reported.

They will remain in charge of its investment process and business management.

Other deal details such as the size of the stake and deal consideration were not disclosed.

Perfin has $4.11bn (BRL21bn) under custody and manages approximately BRL6.5bn in equity and infrastructure funds.

The firm is expected to benefit from BTG’s investment platform BTG Digital. The deal is also said to be in line with BTG founder André Esteves’ plan to ramp up the company’s exposure to recurring fees deals.

Previously, BTG took a minority stake in alternative asset manager Kawa Capital. It also provided seed capital to establish Clave.

Last year, a report said that BTG is planning to raise $380m via share sale to accelerate its digital retail banking operations.

Recent moves by other Brazilian firms

Earlier this month, Brazilian financial services platform XP agreed to acquire a minority stake in local quantitative investment manager Giant Steps.

This May, Brazilian crypto asset manager Hashdex reportedly secured around $26m in a new funding round from investors including SoftBank and Coinbase.

In April this year, a report emerged about French banking group Credit Agricole offloading its Brazilian wealth management unit to Banco Safra for an unknown sum.

The same month, UBS reportedly acquired the remaining 40% in Brazilian multi-family office Consenso, with plans to double the number of advisers.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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