{"id":507393,"date":"2021-06-28T18:59:22","date_gmt":"2021-06-28T22:59:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/xp-inc-partners-with-jive-a-leading-alternative-investment-manager-in-brazil-5\/"},"modified":"2021-06-28T18:59:22","modified_gmt":"2021-06-28T22:59:22","slug":"xp-inc-partners-with-jive-a-leading-alternative-investment-manager-in-brazil-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xp-inc-partners-with-jive-a-leading-alternative-investment-manager-in-brazil-5\/","title":{"rendered":"XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil"},"content":{"rendered":"

<\/p>\n

\n\u00a0XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil<\/b><\/p>\n

S\u00c3O PAULO, Brazil–(BUSINESS WIRE<\/a>)–XP Inc. (Nasdaq: XP),<\/b> a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, signed yesterday the acquisition of a minority stake in Jive Investments, the largest independent alternative investment manager in Brazil, offering credit recovery, real estate, and other distressed asset strategies. XP’s investment will allow Jive to accelerate its growth, while the partnership represents another step in XP\u2019s initiative to foster independent asset managers in Brazil within an entrepreneur-friendly ecosystem.\n<\/p>\n

\nAdditionally, the development of independent asset managers meets XP’s strategy by contributing to an increase in secondary market liquidity. Higher liquidity is vital when we think about the disintermediation in the credit industry through capital markets.\n<\/p>\n

\nCurrently, Jive manages approximately R$8 billion in assets, R$21 billion in face value with more than 1,300 investors in Brazil and abroad. The partnership will allow the company to originate and distribute assets directly or through approximately 9,000 IFAs plugged into XP’s network.\n<\/p>\n

\nOne of Jive’s strategic initiatives is to enter the retail channel. \u201cOur initial focus was investing in highly complex assets for institutional investors. Now, we are extending our investment offerings into products with lower risk and complexity profiles, which are more appropriate for a wider audience,\u201d commented Guilherme Ferreira, partner at Jive. \u201cOur plans include stepped up investments in technology, expanding origination and distribution channels, strengthening the team, and capitalizing on opportunities to acquire other managers and platforms that are complementary to our business.\n<\/p>\n

\n\u201cJive is a leading player in alternative investments in Brazil. Our vision is to offer our clients a complete investment ecosystem through partnerships with the best managers in the market, such as Jive,\u201d stated Leon Goldberg, partner at XP Inc.\n<\/p>\n

\nInitial product development initiatives will be focused on high yield credit, real estate, and legal assets. More broadly, Jive plans to offer a more complete and integrated investment platform in alternative and illiquid assets, with differentiated products for investors. Moreover, management is planning on expanding the company\u2019s offering of asset management, collection, and recovery services to third parties, including banks, pension funds and large companies.\n<\/p>\n

\nThe governance and independence of each company will remain unchanged.\n<\/p>\n

\nThe closing of the transaction is dependent on the approval of Cade (Administrative Council for Economic Defense).\n<\/p>\n

About Jive<\/b><\/p>\n

\nJive Investments (www.jiveinvestments.com.br<\/a>) is an integrated alternative asset management platform focused on the origination, acquisition and recovery of non-performing loans (\u201cNPL\u201d), real estate in complex situations, judicial assets and other distressed assets. A leader in investing in distressed assets in Brazil and the most significant independent player in the market, Jive has a fully integrated credit recovery process, including the management of legal and administrative collection proceedings and the management of recovered properties and other physical assets, within a single, scalable, technology-intensive platform for asset location, pricing and recovery.\n<\/p>\n

About XP<\/b><\/p>\n

\nXP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP\u2019s mission is to disintermediate the legacy models of traditional financial institutions by:\n<\/p>\n