Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2023

Commission File Number: 001-39938

Vinci Partners Investments Ltd.

(Exact name of registrant as specified in its charter)

Av. Bartolomeu Mitre, 336
Leblon – Rio de Janeiro
Brazil 22431-002
+55 (21) 2159-6240

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes

TABLE OF CONTENTS

EXHIBIT
99.1	Vinci Partners Investments Ltd. Second Quarter 2023 Earnings Presentation
99.2	Press release dated August 10, 2023 – Vinci Partners Reports Second Quarter 2023 Results
99.3	Vinci Partners Investments Ltd. Interim Financial Statements as of June 30, 2023 and For the Six-Month Period Ended June 30, 2023 and 2022

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Vinci Partners Investments Ltd.


By:	/s/ Sergio Passos Ribeiro
	Name:	Sergio Passos Ribeiro
	Title:	Chief Financial Officer

Date: August 10, 2023

Exhibit 99.1

Second Quarter 2023 Earnings Presentation August 10, 2023

Disclaimer This presentation contains forward - looking statements that can be identified by the use of words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others . By their nature, forward - looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control . Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward - looking statements and there can be no assurance that such forward - looking statements will prove to be correct . Accordingly, you should not place undue reliance on forward - looking statements . The forward - looking statements included herein speak only as at the date of this presentation and we do not undertake any obligation to update these forward - looking statements . Past performance does not guarantee or predict future performance . Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward - looking statements to reflect events that occur or circumstances that arise in relation to the content of the presentation . Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U . S . Securities and Exchange Commission (the “SEC”) from time to time, including in the section titled “Risk Factors” in our latest fillings with the SEC . These documents are available on the SEC Filings section of the investor relations section of our website at : https : //ir . vincipartners . com/financials/sec - filings . We have prepared this presentation solely for informational purposes . The information in this presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any of our securities or securities of our subsidiaries or affiliates, not should it or any part of it form the basis of, or be relied on, in connection with any contract to purchase or subscribe for any of our securities or securities of any of our subsidiaries or affiliates, nor shall it or any part of it form the basis of, or be relied on, in connection with any contract or commitment whatsoever . This presentation also includes certain non - GAAP financial information . We believe that such information is meaningful and useful in understanding the activities and business metrics of our operations . We also believe that these non - GAAP financial measures reflect an additional way of viewing aspects of our business that, when viewed with our International Financial Reporting Standards (“IFRS”) results, as issued by the International Accounting Standards Board, provide a more complete understanding of factors and trends affecting our business . Further, investors regularly rely on non - GAAP financial measures to assess operating performance and such measures may highlight trends in our business that may not otherwise be apparent when relying on financial measures calculated in accordance with IFRS . We also believe that certain non - GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of public companies in our industry, many of which present these measures when reporting their results . The non - GAAP financial information is presented for informational purposes and to enhance understanding of the IFRS financial statements . The non - GAAP measures should be considered in addition to results prepared in accordance with IFRS, but not as a substitute for, or superior to, IFRS results . As other companies may determine or calculate this non - GAAP financial information differently, the usefulness of these measures for comparative purposes is limited . A reconciliation of such non - GAAP financial measures to the nearest GAAP measure is included in this presentation . 2

3 Presenters Alessandro Horta Chief Executive Officer Sergio Passos Chief Operating Officer & Chief Financial Officer Bruno Zaremba Private Equity Chairman & Head of Investor Relations

Opening Remarks

5 Vinci Partners Second Quarter 2023 Highlights R$ 65 bn AUM¹ 2Q23 Vinci Partners ended the second quarter of 2023 with R$65 bn in AUM¹ , a 9% growth year - over - year. Our business has proven to be profitable even in tougher macro scenarios, with increasingly amounts of free cash flow driving attractive quarterly dividend distribution to shareholders. In the second quarter, our Liquid Strategies and Public Market Vehicles benefitted from strong market appreciation, driving AUM growth and positioning the funds for future fundraising opportunities. US$ 0.20 + 9 % YoY The overall appreciation of our listed perpetual vehicles reached 20% this quarter. With this performance, we expect perpetual vehicles to be more material contributors to inflows in coming quarters. See notes and definitions at end of document Public Market Vehicles The vertical appreciated by nearly 20% this quarter. After a period of challenging market conditions, our funds are coming close to the high - water mark and in a position to start contributing to performance fees. Public Equities Vinci Partners continue to post strong growth across FRE and Adjusted DE per share, up 11% and 18% year - over - year, respectively. R$ 3.4 bn 2Q23 AUM Appreciation 2Q22 2Q23 0.84 0.94 + 11 % YoY Fee Related Earnings² (R$ per share) 2Q22 2Q23 1.10 1.30 + 18 % YoY Adj. Distributable Earnings³ (R$ per share) Quarterly Dividend (Per share) 7.4 % Dividend Yield 4 (2Q23 LTM)

Financial Highlights

7 (R$ thousands, unless mentioned) 2Q'22 1Q'23 2Q'23 ∆ YoY(%) 2Q'22 YTD 2Q'23 YTD ∆ YoY(%) Net revenue from management fees 89,271 95,877 92,769 4% 176,500 188,646 7% Net revenue from advisory fees 6,659 4,468 14,050 111% 10,333 18,518 79% Total Fee Related Revenues 95,930 100,345 106,819 11% 186,833 207,164 11% Segment personnel expenses (6,233) (7,164) (7,577) 22% (12,782) (14,741) 15% Other G&A expenses (4,178) (3,458) (5,036) 21% (8,681) (8,494) (2)% Corporate center expenses (21,350) (22,606) (22,410) 5% (40,111) (45,016) 12% Bonus compensation related to management and advisory (17,267) (18,062) (21,049) 22% (34,539) (39,111) 13% Total Fee Related Expenses (49,028) (51,290) (56,071) 14% (96,113) (107,361) 12% FEE RELATED EARNINGS (FRE) 46,902 49,055 50,748 8% 90,720 99,803 10% FRE Margin (%) 48.9% 48.9% 47.5% 48.6% 48.2% FRE per share¹ (R$/share) 0.84 0.90 0.94 11% 1.63 1.83 13% Net revenue from performance fees 3,839 1,963 10,765 180% 7,011 12,728 82% Performance based compensation (1,427) (733) (5,368) 276% (2,459) (6,101) 148% PERFORMANCE RELATED EARNINGS (PRE) 2,412 1,230 5,397 124% 4,552 6,627 46% PRE Margin (%) 62.8% 62.7% 50.1% 64.9% 52.1% ( - ) Unrealized performance fees – – – N/A (636) – N/A (+) Unrealized performance compensation – – – N/A 225 – N/A (+) Realized GP investment income 4,926 5,881 4,179 (15)% 6,971 10,060 44% SEGMENT DISTRIBUTABLE EARNINGS 54,240 56,166 60,324 11% 101,833 116,490 14% Segment DE Margin (%) 51.8% 51.9% 49.5% 50.9% 50.7% (+) Depreciation and amortization 976 1,778 2,028 108% 1,960 3,806 94% (+) Realized financial income 20,001 20,089 30,183 51% 44,997 50,272 12% ( - ) Leasing expenses (2,400) (2,631) (2,517) 5% (4,872) (5,148) 6% ( - ) Other financial expenses² 644 (3,900) (5,540) N/A (492) (9,440) 1,819% ( - ) Non - operational expenses³ (962) – – N/A (6,071) – N/A ( - ) Income taxes (excluding related to unrealized fees and income) (12,064) (11,496) (14,109) 17% (23,665) (25,605) 8% DISTRIBUTABLE EARNINGS (DE) 60,435 60,006 70,369 16% 113,690 130,375 15% DE Margin (%) 48.5% 46.8% 46.3% 46.4% 46.5% DE per share (R$/share) 4 1.09 1.10 1.30 19% 2.04 2.40 17% (+) Non - operational expenses³ (including Income Tax effect) 635 – – N/A 5,072 – N/A ADJUSTED DISTRIBUTABLE EARNINGS 61,070 60,006 70,369 15% 118,762 130,375 10% Adjusted DE Margin (%) 49.0% 46.8% 46.3% 48.4% 46.5% Adjusted DE per share (R$/share) 1.10 1.10 1.30 18% 2.13 2.40 12% Second Quarter 2023 Segment Earnings (Unaudited) See notes and definitions at end of document

8 ▪ Fee - related revenues of R$106.8 million in the second quarter, up 11% year - over - year. x Management fees were R$92.8 million in the second quarter, up 4% year - over - year driven by fundraising across Private Markets’ funds and the acquisition of Vinci SPS. Advisory fees totaled R$14.1 million in the second quarter, up 111% year - over - year. ▪ FRE was R$ 50 .7 (R$0.94/share) million in the 2Q’23, up 8% year - over - year on an absolute basis and 11% year - over - year on an FRE per share basis. ▪ Adjusted Distributable Earnings (“Adjusted DE”) of R$7 0 .4 million (R$1.30/share) in the quarter, up 15% year - over - year on an absolute basis and 18% year - over - year on an Adjusted DE per share basis. x Adjusted DE was R$ 130.4 million (R$ 2.40 /share) over the 2Q’23 YTD, an increase of 10% when compared to the 2Q’22 YTD. ▪ Total assets under management (“AUM”) of R$64.9 billion, up 9% year - over - year. x Fee - Earning AUM (“FEAUM”) of R$61.3 billion, up 10% year - over - year. ▪ Capital Subscription of R$2.8 billion over the 2Q’23 LTM. ▪ Capital Return of R$ 321 million in the quarter and R$1.2 billion over the 2Q’23 LTM. ▪ Appreciation of R$ 3.4 billion in the quarter and R$4.9 billion over the 2Q’23 LTM. ▪ Performance fee - eligible AUM (“PEAUM”) of R$37.8 billion at the end of the quarter. ▪ Net cash and investments of R$1.2 billion (R$22.41/share) at the end of the quarter. Second Quarter 2023 Highlights Financial Measures Capital Metrics Capital Returned to Shareholders ▪ Quarterly dividend of US$0.20 per common share payable on September 08, 2023. ▪ Total capital used for share repurchases of R$24.1 million in the 2Q’23.

9 18 22 3 3 7 8 28 33 2Q'22 2Q'23 5-10 Years 10+ Years Perpetual or quasi-perpetual 21 26 26 24 10 11 56 61 2Q'22 2Q'23 Private Markets IP&S Liquid Strategies 24 29 26 24 10 11 60 65 2Q'22 2Q'23 Private Markets IP&S Liquid Strategies We continue to see AUM expansion across the platform, with highlight to long - term products ▪ Total assets under management (AUM) of R$64.9 billion, up 9% year - over - year, driven by a combination of AUM appreciation, strong fundraising coming from Private Markets’ funds and the acquisition of Vinci SPS. ▪ Total Fee - Earning AUM (FEAUM) of R$61.3 billion, up 10% year - over - year. ▪ Total Long - Term AUM of R$33.1 billion in the 2Q’23, up 20% year - over - year. Long - Term AUM currently represents 51% of Vinci Partn ers’ total AUM, which translates into more predictable and recurring revenues. Fee - Earning AUM 2Q’23 vs 2Q’22 (R$bn) Long - Term AUM¹ 2Q’23 vs 2Q’22 (R$bn) + 9% + 10% + 20% See notes and definitions at end of document AUM 2Q’23 vs 2Q’22 (R$bn)

10 Our AUM base favors alpha - driven strategies, while our revenue profile is management fee - centric Our platform is highly diversified across different strategies and clients 54 % of net revenues come from private market strategies ² 51 % of AUM is in long term products ¹ AUM diversified across five different distribution channels AUM 2Q’23 Net Revenues 2Q’23 LTM See notes and definitions at end of document AUM 2Q’23 45% 37% 18% 36% 23% 23% 9% 9% Local Institutional HNWI Institutional Offshore Allocators & Distributors Public market vehicles 54% 19% 20% 6%

11 91% 9% Private Equity Infrastructure Vinci holds a strong long - term upside from realization of performance fees in private market funds Gross Accrued Performance Fees – Private Market Funds ▪ Performance fee receivable of R$180.6 million in the 2Q’23, up 16% quarter - over - quarter. ▪ The VCP strategy¹ in Private Equity accounted for R$161.4 million in accrued performance fees, or 89% of total performance fe es. ▪ Vinci Partners had, as of 2Q’23, R$12 billion in performance eligible AUM coming from Private Markets’ funds still within inv est ment period. ▪ Accrued performance fees coming from the Infrastructure strategy are the only fees booked as unrealized in the company's bala nce sheet as of the second quarter of 2023, following IFRS 15 rules. The outstanding accrued performance fees balance reflects the funds' most recent mark and are not booked in the company's bal anc e sheet yet. R$180.6 mm Accrued Performance Fees (R$ mm) Accrued Performance Fees by Strategy (%) Vinci Partners recognizes the performance revenue according to IFRS 15 . Unrealized performance fees are recognized only when is highly probable that the revenue will not be reversed in the Income Statement . The fund FIP Infra Transmissão in Infrastructure had R $ 15 . 5 million as of the end of the second quarter of 2023 booked as unrealized performance fees in the company ´ s balance sheet . Accrued performance fees shown for Private Equity funds of R $ 163 . 7 million and for the Infrastructure fund VIAS, of R $ 1 . 4 million, as of the end of the second quarter of 2023 have not been booked as unrealized performance fees in the company ´ s balance sheet . See notes and definitions at end of document

12 Fee Related Revenues Management fees remain the main contributor to revenues, accounting for 86% of total revenues over the 2Q’23 YTD ▪ Fee related revenues totaled R$106.8 million in the quarter, up 11% year - over - year. This increase was attributed to a combinatio n of organic and inorganic growth across Private Market strategies over the past twelve months, as well as stronger advisory fees in the quarter. Management fees accounted for R$92. 8 m illion in the quarter, an increase of 4% year - over - year. ▪ Fee related revenues accounted for R$207.2 million over the 2Q’23 YTD, up 11% when compared to the 2Q’22 YTD. This growth was dr iven by higher levels of both management and advisory fees. Management fees totaled R$188.6 million over the 2Q’23 YTD, an increase of 7% when compared to the 2Q’22 YTD. Fee Related Revenues 2Q’23 vs. 2Q’22 (R$mm) Fee Related Revenues 2Q’23 YTD vs. 2Q’22 YTD (R$mm) 177 189 10 19 187 207 2Q'22 YTD 2Q'23 YTD Management fees Advisory fees 89 93 7 14 96 107 2Q'22 2Q'23 Management fees Advisory fees + 11% + 11%

13 19 26 21 22 6 8 4 5 50 61 2Q'22 2Q'23 Bonus compensation Corporate center Segment Personnel expenses Other G&A 37 45 40 45 13 15 9 8 99 113 2Q'22 YTD 2Q'23 YTD Bonus compensation Corporate center Segment Personnel expenses Other G&A Operating Expenses ▪ Total operating expenses of R$61.4 million in the quarter, up 22% year - over - year. Disregarding bonus compensation, total operati ng expenses totaled R$35.0 million, up 10% year - over - year, driven mostly by the incorporation of Vinci SPS. ▪ Total operating expenses of R$113.5 million during the 2Q’23 YTD, an increase of 15% when compared to the 2Q’22 YTD. Total Expenses 2Q’23 YTD vs. 2Q’23 YTD (R$mm) + 15% + 22% Total Expenses 2Q’23 vs. 2Q’22 (R$mm)

14 47 51 2Q'22 2Q'23 91 100 2Q'22 YTD 2Q'23 YTD Fee Related Earnings (FRE) ▪ Fee Related Earnings (FRE) of R$50.7 million (R$0.94/share) in the quarter, up 8% year - over - year on an absolute basis and 11% ye ar - over - year on an FRE per share¹ basis. This growth was primarily driven by a higher contribution from advisory fees in the quarter. ▪ FRE of R$99.8 million (R$1.83/share) in the 2Q’23 YTD, up 10% when compared to the 2Q’22 YTD. This increase is mainly attribu ted to the expansion of the Private Markets segment and revenues booked in the Financial Advisory segment in the 2Q’23. ▪ FRE Margin was 48% for the 2Q’23, a decrease of 1.4 percentage point when compared to the 2Q’22. See notes and definitions at end of document FRE per share ¹ R$0.94 R$0.84 R$1.83 R$1.63 48 % 49% Fee Related Earnings 2Q’23 vs. 2Q’22 (R$mm) Fee Related Earnings 2Q’23 YTD vs. 2Q’22 YTD (R$mm) % FRE margin + 8% 48 % 49% + 10% + 11% Per share + 13% Per share

15 2 5 2Q'22 2Q'23 5 7 2Q'22 YTD 2Q'23 YTD Performance Related Earnings (PRE) ▪ Performance related earnings (PRE) of R$5.4 million in the quarter, up 124% year - over - year, driven by the favorable market condi tions experienced during the 2Q’23. ▪ PRE¹ was R$6.6 million (R$0.12/share) over the 2Q’23 YTD, up 46% when compared to the 2Q’22 YTD. Performance Related Earnings 2Q’23 vs. 2Q’22 (R$mm) Performance Related Earnings 2Q’23 YTD vs. 2Q’22 YTD (R$mm) % PRE margin 52 % 65% R$0.04 R$0.10 R$0.08 R$0.12 See notes and definitions at end of document 50% 63 % + 46% + 124% + 129% Per share + 49% Per share PRE per share¹

16 45 50 7 10 52 60 2Q'22 YTD 2Q'23 YTD Realized Financial Income Realized GP Investment Income 20 30 5 4 25 34 2Q'22 2Q'23 Realized Financial Income Realized GP Investment Income Realized GP Investment and Financial income ▪ Realized GP Investment¹ and Financial income² of R$34.4 million in the 2Q’23, up 38% year - over - year, driven by realized gains in our liquid funds' portfolio. ▪ Realized GP Investment income of R$4.2 million in the quarter, coming primarily from dividend distributions of the company’s pro prietary stake in listed REITs. ▪ Realized GP Investment¹ and Financial income² accounted for R$60.3 million over the 2Q’23 YTD , up 16% when compared to the 2 Q’2 2 YTD. See notes and definitions at end of document Realized GP Investment¹ and Financial income² 2Q’23 vs 2Q’22 (R$mm) + 16% Realized GP Investment¹ and Financial income² 2Q’23 YTD vs 2Q’22 YTD (R$mm) + 38%

17 119 130 2Q'22 YTD 2Q'23 YTD 61 70 2Q'22 2Q'23 Adjusted Distributable Earnings (DE) ▪ Adjusted Distributable Earnings (DE)¹ of R$70.4 million (R$1.30/share) in the quarter, up 15% year - over - year on an absolute basi s and 18% year - over - year on an Adjusted DE per share² basis, boosted by a greater contribution from financial income, advisory and performance fees. ▪ Adjusted DE was R$130.4 million (R$2.40/share) in the 2Q’23 YTD, up 10% when compared to the 2Q’22 YTD. Adjusted Distributable Earnings (DE) 2Q’23 vs. 2Q’22 (R$mm) Adjusted Distributable Earnings (DE) 2Q’23 YTD vs. 2Q’22 YTD (R$mm) + 15% % Adjusted DE margin R$1.10 R$1.30 + 10% 47 % 48% R$2.13 R$2.40 See notes and definitions at end of document 46 % 49% + 18% Per share + 12% Per share Adjusted DE per share²

18 21.20 22.41 1Q'23 2Q'23 Net Cash and Investments per share 4 (R$/share) Share Repurchase Activity (in R$ million, unless mentioned) 1Q'23 2Q'23 Total Shares Repurchased (number of shares) 367,036 558,349 Total Capital Used for Share Repurchases 18.0 24.1 Remaining Share Repurchase Plan Authorization 71.8 47.8 Average Price Paid Per Share (US$) 9.4 8.7 (in R$ millions, unless mentioned) 1Q'23 2Q'23 Cash and cash equivalents¹ 101.2 154.0 Investments 1,183.5 1,189.2 Liquid funds² 873.1 827.1 GP Fund Investments³ 310.4 362.2 Debt Obligations 4 (124.8) (128.7) Net Cash and Investments 1,160.0 1,214.5 Net Cash and Investments per share 5 (R$/share) 21.20 22.41 Balance Sheet Highlights ▪ As of June 30, 2023, Vinci Partners had R$1.2 billion (R$22.41/share) in total net cash and investments, that comprise cash, cas h equivalents and investments (liquid funds and GP fund investments at fair value) net of debt obligations. ▪ Vinci Partners repurchased 558,349 shares in the quarter with an average share price of US$8.73. As of June 30, 2023, the com pan y had R$47.8 million remaining in its current authorized share repurchase plan. See notes and definitions at end of document

Segment Highlights

20 61% 15% 17% 7% Private Markets IP&S Liquid Strategies Financial Advisory 59% 16% 16% 8% Financials by segment ▪ Fee Related Earnings (FRE), disregarding Vinci Retirement Services segment, were R$103.4 million over the 2Q’23 YTD, with 59% of FRE coming from Private Markets, followed by IP&S and Liquid Strategies both accounting for 16% and Financial Advisory for 8%. ▪ Segment Distributable Earnings, disregarding Vinci Retirement Services segment, were R$120.0 million over the 2Q’23 YTD, with 61 % coming from Private Markets’ strategies, followed by Liquid Strategies accounting for 17%, IP&S for 15% and Financial Advisory for 7%. Segment Distributable Earnings 2Q’23 YTD by Segment Fee Related Earnings (FRE) 2Q’23 YTD by Segment R$103 mm R$120 mm

21 Private Equity 46% Real Estate 21% Credit 18% Infrastructure 8% Vinci SPS 7% Private Markets' AUM (R$ thousands, unless mentioned) 2Q'22 1Q'23 2Q'23 ∆ YoY (%) 2Q'22 YTD 2Q'23 YTD ∆ YoY (%) Net revenue from management fees 47,654 58,432 57,842 21% 94,413 116,274 23% Net revenue from advisory fees 275 275 275 – 741 549 (26)% Total Fee Related Revenues 47,929 58,706 58,117 21% 95,154 116,823 23% Segment personnel expenses (2,923) (3,509) (3,719) 27% (5,659) (7,228) 28% Other G&A expenses (2,411) (1,438) (2,540) 5% (5,166) (3,978) (23)% Corporate center expenses (10,827) (13,018) (13,205) 22% (20,381) (26,223) 29% Bonus compensation related to management and advisory (7,426) (9,111) (8,817) 19% (14,733) (17,928) 22% Total Fee Related Expenses (23,587) (27,076) (28,281) 20% (45,939) (55,357) 21% FEE RELATED EARNINGS (FRE) 24,342 31,630 29,836 23% 49,215 61,466 25% FRE Margin (%) 50.8% 53.9% 51.3% 51.7% 52.6% Net revenue from performance fees 1,719 7 2,528 47% 2,359 2,535 7% Realized performance fees 1,719 7 2,528 47% 1,723 2,535 47% Unrealized performance fees – – – N/A 636 – N/A Performance based compensation (609) (3) (1,118) 84% (835) (1,121) 34% PERFORMANCE RELATED EARNINGS (PRE) 1,110 5 1,410 27% 1,524 1,414 (7)% PRE Margin (%) 64.6% 64.6% 55.8% 64.6% 55.8% ( - ) Unrealized performance fees – – – N/A (636) – N/A (+) Unrealized performance compensation – – – N/A 225 – N/A (+) Realized GP investment income 4,926 5,881 4,179 (15)% 6,971 10,060 44% SEGMENT DISTRIBUTABLE EARNINGS 30,377 37,516 35,425 17% 57,299 72,940 27% Segment DE Margin (%) 55.7% 58.1% 56.9% 56.1% 57.5% ASSETS UNDER MANAGEMENT (AUM R$millions) 23,998 28,198 29,367 22% 23,998 29,367 22% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions) 20,722 24,825 26,076 26% 20,722 26,076 26% AVERAGE MANAGEMENT FEE RATE (%) 0.90% 0.87% 0.85% 0.91% 0.86% Private Markets R$29 bn AUM ▪ Fee related earnings (FRE) of R$29.8 million in the quarter, up 23% year - over - year, a combination of strong fundraising efforts over the last twelve months and the acquisition of Vinci SPS. In the 1Q’23, management fees received a boost from retroactive fees coming from commitments signed for VCP IV, which did not oc cur in the 2Q’23. This effect was partially offset by the commitments signed for VICC that started to contribute to management fees in the 2Q’23. ▪ FRE was R$61.5 million over the 2Q’23 YTD, an increase of 25% when compared to the 2Q’22 YTD. ▪ Segment Distributable Earnings of R$35.4 million in the quarter, up 17% year - over - year. Segment DE was R$72.9 million over the 2 Q’23 YTD, an increase of 27% when compared to the 2Q’22 YTD, boosted by growth in FRE. ▪ Total AUM of R$29.4 billion in the quarter, an increase of 22% year - over - year, driven by strong fundraising across Private Equit y, Credit, Infrastructure and the acquisition of Vinci SPS.

22 Separate Mandates 69% Pension Plans 13% International 9% Commingled Funds 9% IP&S AUM (R$ thousands, unless mentioned) 2Q'22 1Q'23 2Q'23 ∆ YoY (%) 2Q'22 YTD 2Q'23 YTD ∆ YoY (%) Net revenue from management fees 21,407 19,152 17,426 (19)% 41,304 36,579 (11)% Net revenue from advisory fees 7 7 8 11% 14 15 9% Total Fee Related Revenues 21,414 19,160 17,434 (19)% 41,317 36,594 (11)% Segment personnel expenses (1,078) (1,154) (1,575) 46% (2,905) (2,729) (6)% Other G&A expenses (450) (862) (580) 29% (1,050) (1,442) 37% Corporate center expenses (4,864) (4,267) (3,978) (18)% (8,929) (8,245) (8)% Bonus compensation related to management and advisory (3,557) (3,859) (3,551) (0)% (7,712) (7,410) (4)% Total Fee Related Expenses (9,948) (10,142) (9,684) (3)% (20,596) (19,827) (4)% FEE RELATED EARNINGS (FRE) 11,466 9,017 7,750 (32)% 20,721 16,767 (19)% FRE Margin (%) 53.5% 47.1% 44.4% 50.2% 45.8% Net revenue from performance fees 820 790 1,490 82% 1,028 2,279 122% Realized performance fees 820 790 1,490 82% 1,028 2,279 122% Unrealized performance fees – – – N/A – – N/A Performance based compensation (360) (316) (745) 107% (444) (1,061) 139% PERFORMANCE RELATED EARNINGS (PRE) 460 474 745 62% 584 1,219 109% PRE Margin (%) 56.1% 60.0% 50.0% 56.8% 53.5% ( - ) Unrealized performance fees – – – N/A – – N/A (+) Unrealized performance compensation – – – N/A – – N/A SEGMENT DISTRIBUTABLE EARNINGS 11,926 9,491 8,495 (29)% 21,305 17,986 (16)% Segment DE Margin (%) 53.6% 47.6% 44.9% 50.3% 46.3% ASSETS UNDER MANAGEMENT (AUM R$millions) 25,659 24,216 24,041 (6)% 25,659 24,041 (6)% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions) 25,545 24,050 23,940 (6)% 25,545 23,940 (6)% AVERAGE MANAGEMENT FEE RATE (%) 0.38% 0.35% 0.32% 0.38% 0.33% Investment Products & Solutions ▪ Fee related earnings (FRE) of R$7.8 million in the quarter, down 32% year - over - year, a consequence of the shift in fundraising m ix within the IP&S segment. Even though AUM remained stable year - over - year, the segment has been fundraising more significantly across the Separate Mandates strategy, which carry lo wer fees, contributing to the decrease in the average management fee rate. FRE was R$16.8 million over the 2Q’23 YTD, a decrease of 19% when compared to the 2Q’22 YTD. ▪ Performance related earnings (PRE) of R$0.7 million, up 62% year - over - year. PRE over the 2Q’23 YTD was R$1.2 million, an increas e of 109% when compared to the 2Q’22 YTD. ▪ Segment Distributable Earnings of R$8.5 million in the quarter, down 29% year - over - year. Segment DE was R$18.0 million over the 2Q’23 YTD, a decrease of 16% when compared to the 2Q’22 YTD, that posted higher contribution from FRE. ▪ Total AUM of R$24.0 billion, down 6% year - over - year. R$24 bn AUM

23 Public Equities 76% Hedge Funds 24% Liquid Strategies' AUM (R$ thousands, unless mentioned) 2Q'22 1Q'23 2Q'23 ∆ YoY (%) 2Q'22 YTD 2Q'23 YTD ∆ YoY (%) Net revenue from management fees 20,210 18,293 17,492 (13)% 40,783 35,784 (12)% Net revenue from advisory fees – – – N/A – – N/A Total Fee Related Revenues 20,210 18,293 17,492 (13)% 40,783 35,784 (12)% Segment personnel expenses (1,394) (1,608) (1,328) (5)% (2,778) (2,936) 6% Other G&A expenses (780) (710) (861) 10% (1,456) (1,571) 8% Corporate center expenses (4,592) (4,075) (3,993) (13)% (8,795) (8,069) (8)% Bonus compensation related to management and advisory (3,922) (3,471) (3,244) (17)% (7,871) (6,714) (15)% Total Fee Related Expenses (10,688) (9,864) (9,426) (12)% (20,900) (19,290) (8)% FEE RELATED EARNINGS (FRE) 9,522 8,429 8,066 (15)% 19,883 16,494 (17)% FRE Margin (%) 47.1% 46.1% 46.1% 48.8% 46.1% Net revenue from performance fees 1,300 1,166 6,747 419% 3,625 7,913 118% Realized performance fees 1,300 1,166 6,747 419% 3,625 7,913 118% Unrealized performance fees – – – N/A – – N/A Performance based compensation (459) (415) (3,505) 664% (1,181) (3,920) 232% PERFORMANCE RELATED EARNINGS (PRE) 841 752 3,242 285% 2,444 3,994 63% PRE Margin (%) 64.7% 64.5% 48.0% 67.4% 50.5% ( - ) Unrealized performance fees – – – N/A – – N/A (+) Unrealized performance compensation – – – N/A – – N/A SEGMENT DISTRIBUTABLE EARNINGS 10,363 9,180 11,308 9% 22,327 20,488 (8)% Segment DE Margin (%) 48.2% 47.2% 46.7% 50.3% 46.9% ASSETS UNDER MANAGEMENT (AUM R$millions) 9,845 9,818 11,472 17% 9,845 11,472 17% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions) 9,708 9,614 11,278 16% 9,708 11,278 16% AVERAGE MANAGEMENT FEE RATE (%) 0.78% 0.78% 0.70% 0.76% 0.74% Liquid Strategies ▪ Fee related earnings (FRE) of R$8.1 million in the quarter, down 15% year - over - year. This decrease can be attributed to a shift in the fee mix, as the macroeconomic landscape has been conductive to the expansion of Exclusive Mandates, which carry lower fees. FRE was R$16.5 million over the 2Q’23 YTD, a decre ase of 17% compared to the 2Q’22 YTD. ▪ Performance related earnings (PRE) of R$3.2 million in the quarter, up 285% year - over - year. PRE was R$4.0 million over the 2Q’23 YTD, an increase of 63% when compared to the 2Q’22 YTD. ▪ Segment Distributable Earnings of R$11.3 million in the quarter, up 9% year - over - year, following higher contributions from perfo rmance fees. Segment Distributable Earnings was R$20.5 million over the 2Q’23 YTD, a decrease of 8% when compared to the 2Q’22 YTD, driven by a reduction in contributions from FRE. ▪ AUM was R$11.5 billion in the quarter, up 17% year - over - year. This growth was driven by favorable mark - to - market effects, which were concentrated in the latter part of the quarter. As a result, revenues are expected to benefit from the increased AUM throughout the next quarter. R$11 bn AUM

24 Financial Advisory ▪ Fee related earnings (FRE) of R$7.1 million in the quarter, up 119% year - over - year. ▪ FRE was R$8.6 million over the 2Q’23 YTD, an increase of 118% when compared to the 2Q’22 YTD. ▪ Segment Distributable Earnings over the 2Q’23 YTD were R$8.6 million, an increase of 118% year - over - year when compared to the 2Q ’22 YTD. (R$ thousands, unless mentioned) 2Q'22 1Q'23 2Q'23 ∆ YoY (%) 2Q'22 YTD 2Q'23 YTD ∆ YoY (%) Net revenue from management fees – – – N/A – – N/A Net revenue from advisory fees 6,378 4,186 13,768 116% 9,578 17,954 87% Total Fee Related Revenues 6,378 4,186 13,768 116% 9,578 17,954 87% Segment personnel expenses (530) (471) (525) (1)% (1,035) (996) (4)% Other G&A expenses (165) (74) (241) 46% (374) (315) (16)% Corporate center expenses (1,067) (1,130) (1,120) 5% (2,006) (2,251) 12% Bonus compensation related to management and advisory (1,350) (1,023) (4,735) 251% (2,208) (5,758) 161% Total Fee Related Expenses (3,112) (2,698) (6,622) 113% (5,623) (9,320) 66% FEE RELATED EARNINGS (FRE) 3,265 1,487 7,146 119% 3,956 8,634 118% FRE Margin (%) 51.2% 35.5% 51.9% 41.3% 48.1% SEGMENT DISTRIBUTABLE EARNINGS 3,265 1,487 7,146 119% 3,956 8,634 118% Segment DE Margin (%) 51.2% 35.5% 51.9% 41.3% 48.1%

25 (R$ thousands, unless mentioned) 2Q'22 1Q'23 2Q'23 ∆ YoY (%) 2Q'22 YTD 2Q'23 YTD ∆ YoY (%) Net revenue from management fees – 0 9 N/A – 9 N/A Net revenue from advisory fees – – – N/A – – N/A Total Fee Related Revenues – 0 9 N/A – 9 N/A Segment personnel expenses (308) (422) (429) 39% (405) (851) 110% Other G&A expenses (372) (374) (814) 119% (635) (1,188) 87% Corporate center expenses – (115) (112) N/A – (227) N/A Bonus compensation related to management and advisory (1,012) (598) (703) (31)% (2,014) (1,300) (35)% Total Fee Related Expenses (1,692) (1,509) (2,058) 22% (3,054) (3,566) 17% FEE RELATED EARNINGS (FRE) (1,692) (1,509) (2,049) 21% (3,054) (3,558) 16% FRE Margin (%) N/A N/A N/A N/A N/A Net revenue from performance fees – – – N/A – – N/A Realized performance fees – – – N/A – – N/A Unrealized performance fees – – – N/A – – N/A Performance based compensation – – – N/A – – N/A PERFORMANCE RELATED EARNINGS (PRE) – – – N/A – – N/A PRE Margin (%) N/A N/A N/A N/A N/A ( - ) Unrealized performance fees – – – N/A – – N/A (+) Unrealized performance compensation – – – N/A – – N/A SEGMENT DISTRIBUTABLE EARNINGS (1,692) (1,509) (2,049) 21% (3,054) (3,558) 16% Segment DE Margin (%) N/A N/A N/A N/A N/A ASSETS UNDER MANAGEMENT (AUM R$millions) – – 15 N/A – 15 N/A Retirement Services ▪ Fee Related Earnings (FRE) of negative R$2.0 million in the quarter. FRE was negative R$3.6 million in the 2Q’23 YTD. ▪ VRS started to contribute to AUM numbers and management fee revenues this quarter.

Supplement Details

27 AUM and Fee - Earning AUM Rollforward Assets Under Management (AUM) – R$ millions Fee - Earning Assets Under Management (FEAUM) – R$ millions For the Three Months Ended June 30, 2023 For the Three Months Ended June 30 , 2023 For the Twelve Months Ended June 30, 2023 For the Twelve Months Ended June 30, 2023 Private Public IP&S Infrastructure Real Estate Credit Hedge VRS Vinci SPS Total Equity Equities Funds Beginning balance 13,587 7,095 24,216 2,361 5,137 4,964 2,723 – 2,149 62,232 (+/ - ) Capital Subscription / (capital return) (27) – 28 (21) (108) (33) – – (98) (260) (+) Capital Subscription 34 – 28 – – – – – – 62 ( - ) Capital Return (61) – – (21) (108) (33) – – (98) (321) (+) Acquisitions – – – – – – – – – – (+/ - ) Net Inflow / (outflow) – 204 (884) – (4) 203 (36) 15 – (502) (+/ - ) Appreciation / (depreciation) (50) 1,372 682 91 984 175 113 0 58 3,425 Ending Balance 13,511 8,672 24,041 2,431 6,008 5,308 2,800 15 2,108 64,895 Private Public IP&S Infrastructure Real Estate Credit Hedge VRS Vinci SPS Total Equity Equities Funds Beginning balance 13,013 7,064 25,659 1,460 5,208 4,318 2,781 – – 59,502 (+/ - ) Capital Subscription / (capital return) 587 – 55 867 (140) 453 – – (184) 1,639 (+) Capital Subscription 777 – 55 944 284 699 – – 47 2,806 ( - ) Capital Return (190) – (0) (77) (423) (246) – – (231) (1,167) (+) Acquisitions – – – – – – – – 2,055 2,055 (+/ - ) Net Inflow / (outflow) – 191 (3,081) – (154) 263 (409) 15 – (3,175) (+/ - ) Appreciation / (depreciation) (89) 1,417 1,408 105 1,095 275 428 0 237 4,875 Ending Balance 13,511 8,672 24,041 2,431 6,008 5,308 2,800 15 2,108 64,895 Private Public IP&S Infrastructure Real Estate Credit Hedge VRS Vinci SPS Total Equity Equities Funds Beginning balance 10,262 7,040 24,048 2,313 5,137 4,964 2,574 – 2,149 58,487 (+/ - ) Capital Subscription / (capital return) (27) – 28 (21) (108) (33) – – (98) (260) (+) Capital Subscription 34 – 28 – – – – – – 62 ( - ) Capital Return (61) – – (21) (108) (33) – – (98) (321) (+) Acquisitions – – – – – – – – – (+/ - ) Net Inflow / (outflow) – 204 (826) – (4) 203 (26) 15 – (434) (+/ - ) Appreciation / (depreciation) 33 1,379 690 91 984 175 108 0 58 3,517 Ending Balance 10,268 8,623 23,940 2,383 6,008 5,308 2,655 15 2,108 61,310 Private Public IP&S Infrastructure Real Estate Credit Hedge VRS Vinci SPS Total Equity Equities Funds Beginning balance 9,797 7,002 25,545 1,399 5,208 4,318 2,706 – – 55,975 (+/ - ) Capital Subscription / (capital return) 587 – 55 873 (140) 453 – – (184) 1,645 (+) Capital Subscription 765 – 55 944 284 678 – – 47 2,772 ( - ) Capital Return (178) – (0) (71) (423) (225) – – (231) (1,128) (+) Acquisitions – – – – – – – – 2,055 2,055 (+/ - ) Net Inflow / (outflow) – 199 (3,025) – (154) 263 (463) 15 – (3,167) (+/ - ) Appreciation / (depreciation) (116) 1,423 1,365 111 1,095 275 413 0 237 4,801 Ending Balance 10,268 8,623 23,940 2,383 6,008 5,308 2,655 15 2,108 61,310

28 Fund Segment NAV¹ (R$ millions) 2Q’23 YTD 12 M 24 M Market Comparison Index Rate Vinci Multiestratégia FIM Hedge Funds 304.0 3.9% 7.3% 13.9% 22.8% CDI 4 CDI 4 Atlas Strategy² Hedge Funds 384.8 3.9% 5.1% 8.5% 8.9% CDI 4 CDI 4 Vinci Total Return Hedge Funds 241.7 19.1% 16.0% 25.4% 12.3% IPCA 6 + Yield IMA - B 7 IPCA 6 + Yield IMA - B 7 Mosaico Strategy Public Equities 896.1 19.3% 11.4% 16.6% (12.1)% IBOV 5 IBOV 5 Vinci Gas Dividendos FIA Public Equities 506.7 15.0% 7.3% 18.0% (0.3)% IBOV 5 IBOV 5 Vinci Valorem FIM IP&S 1,734.1 3.6% 7.9% 10.4% 21.2% IMA - B 5 7 IMA - B 5 7 Equilibrio Strategy³ IP&S 2,787.6 3.7% 7.4% 9.9% 19.0% IPCA 6 - Vinci Retorno Real FIM IP&S 219.4 5.1% 10.5% 12.7% 26.2% IMA - B 7 IMA - B 7 Vinci Crédito Imobiliário I Credit 110.9 2.1% 5.8% 10.1% 18.7% IPCA 6 IPCA 6 +7.785% Vinci Crédito Imobiliário II Credit 841.6 6.6% 11.0% 13.9% 23.0% IPCA 6 IPCA 6 + 6% Vinci Crédito Estruturado Mult. Plus FIC FIM Credit 124.3 3.6% 5.3% 13.0% 25.4% CDI 4 CDI 4 Vinci Energia Sustentável Credit 605.5 6.1% 8.4% 8.9% 17.6% IPCA 6 IPCA 6 + 6% Vinci Crédito Multiestratégia Credit 344.4 5.8% 4.5% 8.1% 22.1% CDI 4 IPCA 6 + 5% VISC11 Real Estate (listed REIT) 2,209.5 20.1% 18.0% 29.3% 31.7% IFIX 8 IPCA 6 + 6% VILG11 Real Estate (listed REIT) 1,654.2 28.0% 15.8% 26.4% 19.7% IFIX 8 IPCA 6 + 6% VINO11 Real Estate (listed REIT) 772.9 21.8% 3.1% 16.1% (4.3)% IFIX 8 IPCA 6 + 6% VIFI11 Real Estate / Credit (listed REIT) 64.8 23.6% 22.3% 29.6% 17.5% IFIX 8 IFIX 8 VIUR11 Real Estate (listed REIT) 223.9 42.1% 12.5% 31.5% 14.9% IFIX 8 IPCA 6 + 6% VCRI11 Real Estate / Credit (listed REIT) 153.1 9.6% 4.1% 8.6% 5.1% IFIX 8 IPCA 6 + X 9 % VICA11 Real Estate / Credit (REIT) 374.5 0.0% (0.3)% 1.3% 1.3% IFIX 8 CDI 4 + 1% VINCI FOF IMOBILIARIO FIM CP Real Estate (REIT) 59.3 12.7% 12.6% 14.9% 26.8% IFIX 8 IFIX 8 VIGT11 Infrastructure (listed) 656.0 16.4% 15.9% 25.3% 20.2% - - Investment records – IP&S, Liquid Strategies, Credit and Listed Funds Benchmark 2Q’23 YTD 12 M 24 M IBOV 5 15.9% 7.6% 19.8% (6.9)% CDI 4 3.1% 6.5% 13.5% 23.4% IMA - B 5 7 2.5% 7.0% 10.2% 21.3% IPCA 6 + Yield IMA - B 7 2.5% 6.2% 10.1% 29.5% IPCA 6 0.8% 2.9% 3.2% 15.4% IFIX 8 14.3% 10.1% 12.9% 14.5% See notes and definitions at end of document

29 Fund Segment Vintage year Committed Capital Invested Capital Realized or Unrealized Total Value Gross MOIC Gross MOIC Gross IRR Gross IRR Partially Realized (R$mm) (R$mm) (R$mm) (R$mm) (R$mm) (BRL) (USD) (BRL) (USD) Fund 1 Private Equity 2004 1,415 1,206 5,065 134 5,199 4.3x 4.0x 71.5% 77.2% VCP II Private Equity 2011 2,200 1,880 2,044 2,146 4,190 2.2x 1.1x 11.3% 1.6% VCP III Private Equity 2018 4,000 2,182 34 3,803 3,837 1.7x 1.6x 35.4% 28.0% VCP IV Private Equity 2022 1,263 – – – – – – – – VCP Strategy² Private Equity 8,878 5,268 7,143 6,083 13,226 2.5x 2.2x 64.7% 70.2% NE Empreendedor Private Equity 2003 36 13 26 – 26 2.1x 2.6x 22.0% 30.5% Nordeste III Private Equity 2017 240 135 93 144 237 1.8x 1.5x 20.3% 12.7% VIR IV Private Equity 2020 1,000 314 151 273 424 1.4x 1.4x 30.2% 36.2% VIR Strategy³ Private Equity 1,276 461 270 417 687 1.5x 1.5x 22.7% 28.4% SPS I Vinci SPS 2018 128 178 173 129 302 1.7x 1.4x 25.7% 19.6% SPS II Vinci SPS 2020 671 1,003 599 838 1,436 1.4x 1.4x 27.6% 32.3% SPS III Vinci SPS 2021 1,070 447 83 468 550 1.2x 1.4x 31.1% 44.4% Vinci SPS Strategy 4 Vinci SPS 1,869 1,628 855 1,434 2,289 1.4x 1.4x 27.6% 29.9% FIP Transmissão 5 Infrastructure 2017 211 104 255 119 374 3.6x 2.7x 60.7% 45.1% VIAS 6 Infrastructure 2021 386 350 – 409 409 1.2x 1.2x 27.9% 29.1% VICC 7 Infrastructure 2023 944 – – – – – – – – VFDL 8 Real Estate 2021 422 146 4 169 173 1.2x 1.3x 18.7% 27.5% Vinci Credit Infra 9 Credit 2022 1,400 153 – 167 167 1.1x 1.1x NM NM Pro Forma Historical Portfolio Performance - Excluding PIPE Investments¹ Investment records – Closed End Private Markets funds See notes and definitions at end of document

30 Shareholder Dividends ($ in thousands) 1H21 3Q ' 21 4Q'21 1Q'22 2Q'22 3Q’22 4Q’22 1Q’23 2Q’23 Distributable Earnings (R$) 101,976 61,743 68,515 53,255 60,435 72,842 55,792 60,006 70,369 Distributable Earnings (US$)¹ 19,397 11,377 13,637 10,615 11,795 14,281 10,618 11,994 14,290 DE per Common Share (US$)² 0.34 0.20 0.24 0.19 0.21 0.26 0.19 0.22 0.26 Actual Dividend per Common Share³ 0.30 0.16 0.20 0.17 0.17 0.20 0.17 0.16 0.20 Record Date Sep 01, 2021 Dec 01, 2021 Mar 10, 2022 May 24, 2022 Aug 25, 2022 Nov 23, 2022 Mar 01, 2023 May 25, 2023 Aug 24, 2023 Payable Date Sep 16, 2021 Dec 16, 2021 Mar 24, 2022 Jun 08, 2022 Sep 09, 2022 Dec 08, 2022 Mar 15, 2023 Jun 09, 2023 Sep 08, 2023 ▪ Vinci Partners generated R$1.30 or US$0.26¹ of Distributable Earnings per common share for the second quarter of 2023. ▪ The company declared a quarterly dividend of US$0.20² per common share to record holders as of August 24, 2023; payable on Se pte mber 08 , 2023. See notes and definitions at end of document

31 Share Summary ▪ Common Shares Outstanding as of quarter end of 54,196,959 shares. x Repurchased 558,349 common shares in the quarter, with an average share price of US$8.7. x Repurchased 2,758,237 common shares since the announcement of the first share repurchase plan, with an average share price of US $10.9. x The second share repurchase plan was replaced by a new share repurchase plan initiated on February 14 th , 2023, limited to R$60 million. x Available authorization remaining was R$47.8 million on June 30, 2023. VINP Shares 1Q ' 21 2Q ' 21 3Q ' 21 4Q'21 1Q'22 2Q'22 3Q'22 4Q'22 1Q23 2Q’23 Class B 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 Class A¹ 42,447,349 42,270,694 42,097,179 41,689,338 41,363,077 41,112,717 40,892,619 40,614,497 40,247,461 39,730,720 Common Shares 56,913,588 56,736,933 56,563,418 56,155,577 55,829,316 55,578,956 55,358,858 55,080,736 54,713,700 54,196,959 See notes and definitions at end of document

32 (R$ millions, unless mentioned) Segment 2Q’23 Commitments Total Capital Committed 2Q’23 Capital Called Total Capital Called Capital Returned/Dividends Paid (2Q’23) Accumulated Capital Returned/Dividends Paid Fair value of investments Nordeste III Private Equity – 5.0 0.0 3.1 – 1.6 2.6 VCP III Private Equity – 3.1 0.2 2.8 – – 3.8 VIR IV Private Equity – 11.1 0.8 4.7 0.7 1.7 3.6 VCP IV Private Equity – 350.0 – – – – – FIP Infra Transmissão (co - investment)¹ Infrastructure – 29.5 – 8.9 – 20.9 10.2 FIP Infra Transmissão¹ Infrastructure – 10.5 – 3.4 – 6.6 2.9 VIAS Infrastructure – 50.0 – 27.8 – – 33.9 Vinci Transporte e Logística II Infrastructure – 15.0 – – – – – Vinci Transporte e Logística I Infrastructure – 11.4 5.0 11.3 – – 10.6 VICC Infrastructure – 100.0 – – – – – VFDL Real Estate – 70.0 10.6 33.3 – – 36.6 VIUR Real Estate – 67.3 – 67.3 1.5 11.9 56.4 VINO Real Estate – 50.0 – 50.0 0.8 5.1 42.6 Vinci FOF Imobiliário Real Estate – 16.9 – 16.9 – 0.5 20.7 VCS Real Estate/Credit – 80.0 – 80.0 2.8 14.3 72.7 Vinci Crédito Agro Fiagro - Imobiliário Real Estate/Credit – 23.0 – 23.0 0.8 2.6 22.8 Vinci Crédito Infra Institucional Credit – 100.0 – 7.7 – – 8.4 VSP FIM IP&S – 50.0 1.2 8.8 – – 10.1 VINCI PIPE Public Equities – 25.0 – 25.0 – – 24.3 Total – 1,067.8 17.9 374.1 6.6 65.2 362.2 GP Commitment in Vinci Partners funds ▪ As of June 30, 2023, the company had R$1.1 billion in capital commitments signed to proprietary funds. ▪ Total GP Investments marked at fair value of R$362.2 million as of June 30, 2023. See notes and definitions at end of document

33 28% 21% 18% 10% 9% 6% 5% 3% Private Equity IP&S Public Equities Credit Real Estate Hedge Funds Infrastructure Vinci SPS PERFORMANCE FEE ELIGIBLE AUM (PEAUM) Strategy/Fund AUM R$mm Index type Index Rate Status Offshore Vehicles 3,692 Preferred Return w/ Catch - Up² USD + 8% Within investment period Onshore Vehicles 3,314 Preferred Return w/ Catch - Up² IPCA 5 + 8% Within investment period Nordeste III 228 Preferred Return w/ Catch - Up² IPCA 5 + 8.5% Currently generating performance Teman Pier 140 Preferred Return w/ Catch - Up² IPCA 5 + 5% Within investment period Others 3,196 Not expected to pay performance Total Private Equity 10,570 Vinci Valorem 1,912 Hurdle³ IMAB 5 6 Currently generating performance Separate Mandates 1,586 Hurdle³ IBOV 7 + alpha Currently generating performance International¹ 1,239 Currently generating performance Commingled Funds 655 Hurdle³ IBOV 7 + alpha Currently generating performance VSP 210 Preferred Return w/ Catch - Up² IPCA 5 + 8% Currently generating performance Others 2,341 Currently generating performance Total IP&S 7,944 SWF 4,517 Hurdle³ FTSE 8 Currently generating performance Mosaico Strategy 952 Hurdle³ IBOV 7 Currently generating performance Vinci Gas Dividendos 507 Hurdle³ IBOV 7 Currently generating performance Others 723 Currently generating performance Total Public Equities 6,699 Listed REITs 2,669 Hurdle³ IPCA 5 + 6% Currently generating performance VFDL 436 Preferred Return 4 IPCA 5 + 6% Within investment period FOF Strategy 99 Hurdle³ IFIX 9 Currently generating performance Others 234 Currently generating performance Total Real Estate 3,438 VCI II 842 Preferred Return 4 IPCA 5 + 6% Within investment period VES 606 Preferred Return 4 IPCA 5 + 6% Within investment period VCM FIM 367 Preferred Return 4 IPCA 5 + 5% Within investment period Energia FIM 397 Hurdle³ CDI 10 Currently generating performance VCS 108 Hurdle³ IPCA 5 + 5% Within investment period VCI I 111 Not expected to pay performance FOF Strategy 26 Hurdle³ IFIX 9 Currently generating performance VCE 390 Hurdle³ CDI 10 Currently generating performance Others 969 Currently generating performance Total Credit 3,815 Atlas Strategy 445 Hurdle³ CDI 10 Currently generating performance Vinci Multiestratégia 304 Hurdle³ CDI 10 Currently generating performance Vinci Total Return 443 Hurdle³ IPCA 5 + Yield IMAB 11 Currently generating performance Others 1,275 Currently generating performance Total Hedge Funds 2,466 VIAS 424 Preferred Return 4 IPCA 5 + 6% Within investment period Transportation and Logistics strategy 151 Preferred Return 4 IPCA 5 + 6% Within investment period FIP Infra Transmissão 58 Preferred Return 4 IPCA 5 + 8% Currently generating performance VICC 928 Preferred Return 4 IPCA 5 Within investment period Others 156 Not expected to pay performance Total Infrastructure 1,716 Special Situations 1,135 Preferred Return 4 CDI 10 Within investment period Total Vinci SPS 1,135 PEAUM TOTAL 37,783 Significant exposure to performance fee - eligible AUM ▪ Total Performance fee eligible AUM (PEAUM) of R$37.8 billion. ▪ Hurdle rate funds charge performance based on the fund’s return over its benchmark, generally with a high - watermark clause, except for the SWF mandate in Public Equities. ▪ Within our Private Market strategies, R$12 billion in AUM comes from “preferred return” funds with carried interest, that are still in investment period. PEAUM R$38 bn See notes and definitions at end of document

Reconciliations and Disclosures

35 (R$ thousands, unless mentioned) 2Q'22 1Q'23 2Q'23 ∆ YoY(%) 2Q'22 YTD 2Q'23 YTD ∆ YoY (%) REVENUES Net revenue from management fees 89,271 95,877 92,769 4% 176,500 188,646 7% Net revenue from performance fees 3,839 1,963 10,765 180% 7,011 12,728 82% Realized performance fees 3,839 1,963 10,765 180% 6,375 12,728 100% Unrealized performance fees – – – N/A 636 – N/A Net revenue from advisory 6,659 4,468 14,050 111% 10,333 18,518 79% Total net revenues from services rendered 99,769 102,308 117,584 18% 193,844 219,892 13% EXPENSES Bonus related to management and advisory (17,267) (18,062) (21,049) 22% (34,539) (39,111) 13% Performance based compensation (1,427) (733) (5,368) 276% (2,459) (6,101) 148% Realized (1,427) (733) (5,368) 276% (2,234) (6,101) 173% Unrealized – – – N/A (225) – N/A Total compensation and benefits (18,694) (18,795) (26,417) 41% (36,997) (45,212) 22% Segment personnel expenses (6,233) (7,164) (7,577) 22% (12,782) (14,741) 15% Other general and administrative expenses (4,178) (3,458) (5,036) 21% (8,681) (8,494) (2)% Corporate center expenses (21,350) (22,606) (22,410) 5% (40,111) (45,016) 12% Total expenses (50,455) (52,023) (61,439) 22% (98,571) (113,462) 15% Operating profit 49,314 50,285 56,145 14% 95,273 106,430 12% OTHER ITEMS GP Investment income (7,211) (20,200) 34,651 N/A (11,380) 14,451 N/A Realized gain from GP investment income 4,926 5,881 4,179 (15)% 6,971 10,060 44% Unrealized gain from GP investment income (12,137) (26,081) 30,472 N/A (18,351) 4,391 N/A Financial income 21,193 20,089 30,183 42% 45,901 50,272 10% Realized gain from financial income 20,001 20,089 30,183 51% 44,997 50,272 12% Unrealized gain from financial income 1,192 – – N/A 904 – N/A Leasing expenses (2,400) (2,631) (2,517) 5% (4,872) (5,148) 6% Other items¹ 644 151 (11,573) N/A (492) (11,422) 2,222% Share Based Plan (2,468) (2,107) (3,493) 42% (3,204) (5,600) 75% Non - operational expenses² (962) – – N/A (6,071) – N/A Total Other Items 8,796 (4,698) 47,251 437% 19,882 42,553 114% Profit before income taxes 58,109 45,587 103,396 78% 115,154 148,983 29% ( - ) Income taxes ³ (11,711) (12,881) (11,844) 1% (23,450) (24,725) 5% NET INCOME 46,398 32,706 91,552 97% 91,704 124,258 35% (+) Non - operational expenses² including income tax related to realized expense 635 – – N/A 5,072 – N/A ( - ) Contingent consideration adjustment related to acquisitions 4 – (2,674) 4,804 – 2,130 ADJUSTED NET INCOME 47,033 30,032 96,356 105% 96,775 126,388 31% Financials - Income Statement (Unaudited) See notes and definitions at end of document

36 (R$ thousands, unless mentioned) 2Q'22 1Q'23 2Q'23 2Q'22 YTD 2Q'23 YTD OPERATING PROFIT 49,314 50,285 56,145 95,273 106,430 ( - ) Net revenue from realized performance fees (3,839) (1,963) (10,765) (6,375) (12,728) ( - ) Net revenue from unrealized performance fees – – – (636) – (+) Compensation allocated in relation to performance fees 1,427 733 5,368 2,459 6,101 FEE RELATED EARNINGS (FRE) 46,902 49,055 50,748 90,720 99,803 OPERATING PROFIT 49,314 50,285 56,145 95,273 106,430 ( - ) Net revenue from management fees (89,271) (95,877) (92,769) (176,500) (188,646) ( - ) Net revenue from advisory (6,659) (4,468) (14,050) (10,333) (18,518) (+) Bonus related to management and advisory 17,267 18,062 21,049 34,539 39,111 (+) Personnel expenses 6,233 7,164 7,577 12,782 14,741 (+) Other general and administrative expenses 4,178 3,458 5,036 8,681 8,494 (+) Corporate center expenses 21,350 22,606 22,410 40,111 45,016 PERFORMANCE RELATED EARNINGS (PRE) 2,412 1,230 5,397 4,552 6,627 OPERATING PROFIT 49,314 50,285 56,145 95,273 106,430 ( - ) Net revenue from unrealized performance fees – – – (636) – (+) Compensation allocated in relation to unrealized performance fees – – – 225 – (+) Realized gain from GP investment income 4,926 5,881 4,179 6,971 10,060 SEGMENT DISTRIBUTABLE EARNINGS 54,240 56,166 60,324 101,833 116,490 NET INCOME 46,398 32,706 91,552 91,704 124,258 ( - ) Net revenue from unrealized performance fees – – – (636) – (+) Income tax from unrealized performance fees – – – 73 – (+) Compensation allocated in relation to unrealized performance fees – – – 225 – ( - ) Unrealized gain from GP investment income 12,137 26,081 (30,472) 18,351 (4,391) (+) Income tax on unrealized gain from GP investment income (55) – 10 (55) 10 ( - ) Unrealized gain from financial income (1,192) – (0) (904) (0) ( - ) Income tax on unrealized gain from financial income (65) – – – – ( - ) Contingent consideration (earn - out) gain (loss), after - tax – (2,674) 4,804 – 2,130 (+) Depreciation and amortization 976 1,778 2,028 1,960 3,806 (+) Share Based Plan 2,468 2,107 2,248 3,204 4,355 ( - ) Income Taxes on Share Based Plan (233) 8 199 (233) 207 (+) Non - operational expenses including income tax related to realized expense 635 – – 5,072 – ADJUSTED DISTRIBUTABLE EARNINGS 61,070 60,006 70,369 118,762 130,375 TOTAL NET REVENUE FROM SERVICES RENDERED 99,769 102,308 117,584 193,844 219,892 ( - ) Net revenue from realized performance fees (3,839) (1,963) (10,765) (6,375) (12,728) ( - ) Net revenue from unrealized performance fees – – – (636) – NET REVENUE FROM MANAGEMENT FEES AND ADVISORY 95,930 100,345 106,819 186,833 207,164 Financials - Non - GAAP Reconciliation

37 Effective tax rate reconciliation See notes and definitions at end of document (R$ thousands, unless mentioned) 2Q'22 2Q'23 2Q'22 YTD 2Q'23 YTD Profit (loss) before income taxes 58,109 103,396 115,154 148,983 Combined statutory income taxes rate - % 34% 34% 34% 34% Income tax benefit (Expense) at statutory rates (19,757) (35,154) (39,152) (50,654) Reconciliation adjustments: Expenses not deductible (9) (2) (27) (64) Tax benefits 30 7 65 42 Share based payments (70) (224) (156) (253) Effect of presumed profit of subsidiaries¹ and offshore subsidiaries 7,951 23,410 15,665 26,072 Other additions (exclusions), net 144 119 155 132 Income taxes expenses (11,711) (11,844) (23,450) (24,725) Current (12,886) (14,605) (25,557) (27,122) Deferred 1,175 2,761 2,107 2,397 Effective tax rate 20% 11% 20% 17%

38 17.8 21.1 5.4 8.7 2.0 3.2 3.2 16.0 17.3 1.4 8.9 1.0 3.6 2.3 General and Administrative Expenses 2Q 2022 (R$mm) 2Q 2023 (R$mm) Lease and condominium Other Personnel Bonus related to Mgmt. and Adv. fees Performance based compensation Third party expenses D&A R$50.5 mm Personnel Bonus related to Mgmt. and Adv. fees Performance based compensation Third party expenses D&A Lease and condominium Other R$61.4 mm + 22%

39 Liabilities and equity 3/31/2023 6/30/2023 Current liabilities Trade payables 521 438 Deferred Revenue 17,219 – Leases 24,381 24,381 Accounts payable 6,201 7,338 Labor and social security obligations 25,228 52,689 Loans and Obligations 10,323 22,207 Taxes and contributions payable 16,110 19,292 Total current liabilities 99,983 126,345 Non - current liabilities Accounts payable – – Leases 58,144 54,085 Labor and social security obligations 3,120 2,906 Loans and Obligations 158,908 158,206 Deferred taxes 9,720 7,423 Retirement plans liabilities 13,401 229,892 236,021 Total liabilities 329,875 362,366 Equity Share capital 15 15 Additional paid - in capital 1,382,038 1,379,255 Treasury shares (132,966) (154,247) Retained Earnings 65,032 113,122 Other reserves 25,186 25,556 1,339,305 1,363,701 Non - controlling interests in the equity of subsidiaries 2,982 2,793 Total equity 1,342,287 1,366,494 Total liabilities and equity 1,672,162 1,728,860 Balance Sheet Assets 3/31/2023 6/30/2023 Current assets Cash and cash equivalents 101,202 153,992 Cash and bank deposits 22,928 31,403 Financial instruments at fair value through profit or loss 78,274 122,589 Financial instruments at fair value through profit or loss 1,177,357 1,182,812 Trade receivables 60,352 66,312 Sub - leases receivable 1,587 3,909 Taxes recoverable 1,766 1,921 Other assets 20,150 14,505 Total current assets 1,362,414 1,423,451 Non - current assets Financial instruments at fair value through profit or loss 6,181 6,423 Trade receivables 17,116 16,904 Sub - leases receivable 1,080 3,149 Taxes recoverable 3,497 294 Deferred taxes 10,257 10,721 Other receivables 947 928 39,078 38,419 Property and equipment 11,728 12,980 Right of use - Leases 67,165 60,054 Intangible assets 191,777 193,956 Total non - current assets 309,748 305,409 Total Assets 1,672,162 1,728,860

40 Notes and Definitions ▪ Notes to page 5 (1) AUM is calculated as consolidated with double counting, due to funds from one segment investing in other segments and it ´ s eliminated on consolidation and excluding double counting from co - managed funds between our segments. (2) FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date val ues are calculated as the sum of the last two quarters. (3) Adjusted Distributable Earnings per share is calculated as Distributable Earnings excluding non - operational expenses, consid ering the number of outstanding shares at the end of each quarter. Year - to - date values are calculated as the sum of the last two quarters. (4) LTM Dividend Yield is calculated considering 0.73 dividend/share for LTM and US$9.89/share as of August 08 th ,2023. ▪ Notes to page 7 (1) FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date val ues are calculated as the sum of the last two quarters. (2) Other financial expenses include the interest related to Vinci SPS’ acquisition. (3) Non - operational expenses are comprised of expenses related to professional services rendered in connection with acquisitions and our international corporate organization. (4) DE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date valu es are calculated as the sum of the last two quarters. ▪ Notes to page 9 (1) Long - term AUM includes funds with lockups for at least five years to quasi - perpetual capital commitments. ▪ Notes to page 10 (1) Long term products include funds with former lockups superior to five years. (2) Private markets strategies include Private Equity, Real Estate, Credit, Infrastructure and Vinci SPS. ▪ Notes to page 11 (1) Accrued performance fees for the VCP offshore are as of 1Q’23. This occurs due to the 60 days timeline of the quarterly m ark up to be disclosed by the fund’s administrator. ▪ Notes to page 14 (1) FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date val ues are calculated as the sum of the last two quarters. ▪ Notes to page 15 (1) PRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date val ues are calculated as the sum of the last two quarters.

41 Notes and Definitions (cont’d.) ▪ Notes to page 16 (1) GP investment income comes from proprietary investments made by Vinci Partners in its own Private Markets’ funds and othe r c losed - end funds across Liquid Strategies and IP&S segments with long - term lockups. (2) Financial income is income generated through investments made with our cash and cash equivalents in cash and bank deposit s, certificate of deposits and proprietary investments in Vinci Partners’ Liquid Funds, including funds from Public Equities, Hedge Funds, Real Estate and Credit. ▪ Notes to page 17 (1) Adjusted Distributable Earnings is calculated as Distributable Earnings excluding non - operational expenses. (2) Adjusted DE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date values are calculated as the sum of the last two quarters. ▪ Notes to page 18 (1) Cash and cash equivalents include certificate of deposits and federal bonds. Certificate of deposits are issued by Banco Bra desco (credit rating AAA evaluated by Fitch Ratings) with interest rates variable from 99.5% to 101% of CDI (interbank deposit rate). The certificates are readily convertible to known amounts of cas h a nd which are subject to an insignificant risk of changes in value. (2) Liquid funds’ value are calculated as investment at fair value as of June 30, 2023, in liquid funds from Vinci Partners’ pub lic equities, hedge funds, credit segments and listed REITs. It also comprises the cash and certificate of deposits and federal bonds from Vinci Monalisa FIM. For more detail, see 2Q’23 Financia l S tatements filed within the SEC on August 10, 2023. (3) GP Fund Investments include Vinci Partners’ GP investments in private market funds and other closed - end funds across Liquid Strategies and IP&S segments with long - term lockups, calculated at fair value as of June 30, 2023. For more detail, please see slide 32 and the Financial Statements filed within the SEC on Aug ust 10, 2023. (4) Debt obligations include commercial notes and consideration payable. For more detail, see 2Q’23 Financial Statements file d w ithin the SEC on August 10, 2023. (5) Net Cash and Investments per share were calculated considering the number of outstanding shares at the end of each quarte r. ▪ Notes to page 28 (1) NAV is the net asset value of each fund. For listed vehicles, the NAV represents the Market valuation of the fund. (2) Atlas strategy includes the funds Atlas FIC FIM and Atlas Institucional FIC FIM. (3) Equilibrio Strategy incudes the IP&S Family of pension plans. (4) CDI is an average of interbank overnight rates in Brazil (daily average for the period). (5) Brazil stock market most relevant index. (6) IPCA is a broad consumer price index measured by the IBGE. (7) IMAB is composed by government bonds indexed to IPCA. IMAB 5 also includes government bonds indexed to IPCA with up to 5 Yea rs in duration. (8) IFIX is an index composed by listed REITs in the Brazilian stock Market.

42 Notes and Definitions (cont’d.) (9) If IMAB 5 Average is: i. less or equal to 2%, X=3% per year; ii. between 2% - 4%, X= Average IMAB 5+1% per year; iii. Between 4% - 5%, X=5% per year; IV. greater or equal to 5%, X= IMAB 5 Average ▪ Notes to page 29 (1) Track record information is presented throughout this presentation on a pro forma basis and in local currency, excluding PIP E investments, a strategy that will be discontinued in VCP III. (2) Total commitments for VCP III include R$1.3 billion in co - investments. Track record presented for the VCP strategy as of 1Q’ 23, due to fund’s administrator timeline to disclose the quarterly markup of the fund. (3) Track record for VIR strategy is presented as of 1Q’23, due to fund’s administrator timeline to disclose the quarterly ma rku p of the fund. (4) Track record for Vinci SPS strategy is presented as of 2Q’23. (5) Track record for FIP Infra is presented as of 1Q’23. (6) Track record for VIAS is presented as of 1Q’23. (7) Track record for VICC is presented as of 1Q’23. (8) Track record for VFDL is presented as of 2Q’23. (9) Track record for Vinci Credit Infra is presented as of 2Q’23. ▪ Notes to page 30 (1) US$ Distributable Earnings was calculated considering the exchange rate from USD to BRL of 4.9245, as of August 08, 2023, wh en dividends were approved by our Board of Directors. (2) Per Share calculations are based on end of period Participating Common Shares. (3) Actual dividends per common share are calculated considering the share count as of the applicable record date. ▪ Notes to page 31 (1) As of June 30, 2023, Public Float was comprised of 12,809,281 Class A common shares. ▪ Notes to page 32 (1) The remaining capital committed in FIP Infra Transmissão and FIP Infra Transmissão co - investment will not be called by the f und, which is already in divestment period. ▪ Notes to page 33 (1) International mandates have several different benchmarks across its vehicles. (2) The preferred return w/ catch - up rule applies to funds for which the vehicle must pay back its limited partners 100% of the invested capital corrected by the preferred return rate so it can charge performance fees. Once the preferred return rate is achieved, due to the catch - up clause, performance fees are charged over the absolute return of the fund instead of the excess return over the preferred rate.

43 Notes and Definitions (cont’d.) (3) Hurdle Rate is the minimum return the fund must achieve before it can charge performance fees. In most cases, funds with hur dle rate also are under a high - water mark clause . (4) Funds with preferred return must return 100% of invested capital corrected by the preferred return rate to its limited pa rtn ers in order to charge performance fees. (5) IPCA is a broad consumer price index measured by the IBGE. (6) IMAB 5 is composed by government bonds indexed to IPCA with up to 5 years in duration. (7) IBOV is the Brazilian stock market's most relevant index; (8) FTSE is London's stock market most relevant index. (9) IFIX is an index composed by listed REITs in the Brazilian stock exchange. (10) The CDI rate is a result of the average interbank overnight rates in Brazil (daily average for the period). (11) IMAB is composed by government bonds indexed to IPCA (inflation rate) plus a fixed interest rate. ▪ Notes to page 35 (1) Other items comprise the income/(loss) generated by contingent consideration adjustment and financial expenses related to ac quisitions. (2) Non - operational expenses are comprised of expenses related to professional services rendered in connection with acquisitions and our international corporate organization. (3) Income taxes are comprised of taxes calculated over our corporate income tax and social contribution taxes. We are taxed on an actual taxable profit regime, while part of our subsidiaries are taxed based on deemed profit. (4) Contingent consideration adjustment (after - tax) related to Vinci SPS’ acquisition, reflects the change in the earn out’s fai r value to be paid in 2027. On June 30, 2023, Vinci revaluated the fair value of the obligation based on the economic conditions at the date, resulting in an increase of the contingent consideration fair va lue. The variation was recognized as a loss in the financial result. ▪ Notes to page 37 (1) Brazilian tax law establishes that companies that generate gross revenues of up to R$ 78,000.00 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the presumed profit income tax regime. The Entity's subsidiaries adopted this tax regime and the effect of the presumed profit of su bsidiaries represents the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to the taxable profit of the subsidiaries.

44 Notes and Definitions (cont’d.) ▪ “Fee related earnings”, or “FRE”, is a metric to monitor the baseline performance of, and trends in, our business, in a manne r t hat does not include performance fees or investment income. We calculate FRE as operating profit less (a) net revenue from realized performance fees, less (b) net revenue from unrealized p erf ormance fees, plus (c) compensation allocated in relation to performance fees. ▪ “FRE Margin” is calculated as FRE over total net management and advisory fees. ▪ “Distributable Earnings”, or “DE”, is used as a reference point by our board of directors for determining the amount of earni ngs available to distribute to shareholders as dividends. Distributable Earnings is calculated as profit for the year, less (a) net revenue from unrealized performance fees, plus (b) inc ome taxes from unrealized performance fees, plus (c) compensation allocated in relation to unrealized performance fees, less (d) unrealized gain from GP investment income, less (e) unrealized ga in from financial income, plus (f) income taxes on unrealized gain from GP investment income, plus (g) income taxes on unrealized gain from financial income. ▪ “DE Margin” is calculated as DE over the sum of management and advisory fee related revenues, realized performance revenue, r eal ized GP investment income and realized financial income, net of revenue tax. ▪ “Performance Related Earnings”, or “PRE”, is a performance measure that we use to assess our ability to generate profits from re venue that relies on outcome from funds above their respective benchmarks. We calculate PRE as operating profit, less (a) net revenue from fund management and advisory, less (b) operating exp enses, such as segment personnel, G&A, corporate center and bonus related to management and advisory. ▪ “Segment Distributable Earnings” is Vinci Partners’ segment profitability measure used to make operating decisions and assess pe rformance across the company’s five segments (Private Markets, Liquid Strategies, Investment Products and Solutions, Retirement Services and Financial Advisory). Segment Distribut abl e Earnings is calculated as operating profit less (a) net revenue from unrealized performance fees, plus (b) compensation allocated in relation to unrealized performance fees, plus (c ) r ealized gain from GP investment income. ▪ “AUM” refers to assets under management. Our assets under management equal the sum of: (1) the fair market value of the inves tme nts held by funds plus the capital that we are entitled to call from investors in those funds pursuant to the terms of their capital commitments to those funds (plus the fair market va lue of co - investments arranged by us that were made or could be made by limited partners of our corporate private equity funds and portfolio companies of such funds); (2) the net asset valu e o f our public equity funds, hedge funds and closed - end mutual funds; and (3) the amount of capital raised for our credit funds. AUM includes double counting related to funds from one segm ent that invest in funds from another segment. Those cases occur mainly due to (a) fund of funds of investment products and solutions segment, and (b) investment funds in general that inv est part of their cash in credit segment and hedge fund segment funds in order to maintain liquidity and provide for returns on cash. Such amounts are eliminated on consolidation. T he bylaws of the relevant funds prohibit double - charging fees on AUM across segments. Therefore, while our AUM by segment may double - count funds from one segment that invest in funds from anoth er segment, the revenues for any given segment do not include revenue in respect of assets managed by another segment, which means there are no intercompany eliminations on re ven ues in our results of operations. ▪ Net Cash and Investments include cash and cash equivalents and the fair value of investments in liquid funds and GP Fund Inve stm ents. Cash and cash equivalents include cash, certificate of deposits, which are issued by Banco Bradesco (credit rating AAA evaluated by Fitch Ratings) with interest rates from 99.5% to 10 1% of CDI.

45 Notes and Definitions (cont’d.) ▪ “Net revenue from Fund Management and Advisory” is a performance measure that we use to assess our ability to generate profit s f rom our fund management and advisory business without measuring for the outcomes from funds above their respective benchmarks. We calculate Net Revenue from Fund Management and Ad vis ory as net revenue from services rendered less (a) net revenue from realized performance fees and less (b) net revenue from unrealized performance fees. ▪ “Total compensation and benefits” is the result of the profit sharing paid to our employees as (a) bonus compensation related to management advisory and (b) performance - based compensation. ▪ “Segment personnel expenses” are composed of the salary - part compensation paid to employees and partners of our funds’ managemen t teams. ▪ “Corporate center expenses” are composed by the salary - compensation paid to employees and other general and administrative expen ses related to our support teams, such as research, risk, legal & compliance, investor relations, operations and ESG. ▪ “Other general and administrative expenses” is made up of third - party expenses, depreciation and amortization, travel and repres entation, marketing expenses, administrative fees, non - operating taxes, third - party consultants’ fees, such as legal and accounting, and office consumables. ▪ “GP investment income” is income from proprietary investments made by us in our own Private Markets’ funds, used as GP Commit men ts. ▪ “Financial income” is income generated through the investments made with our cash and cash equivalents in cash and bank depos its , certificate of deposits and proprietary investments in our Liquid Funds from our public equities and hedge funds’ segments and listed REITs from our real estate segment. ▪ “Leasing expenses” include costs from the company’s sub - leasing activities. ▪ “Income taxes” is comprised of taxes on our corporate income tax and social contribution taxes. We are taxed on an actual tax abl e profit regime, while our subsidiaries are taxed based on deemed profit. ▪ “Capital Subscription / (capital return)” represents the net capital commitments and capital returns from our Private Markets ’ c losed end and listed funds. ▪ “Net Inflows / (outflows)” represent the net inflows and outflows from our liquid funds from our liquid strategies, IP&S and cre dit segments. ▪ “Appreciation / (depreciation)” represents the net capital appreciation/depreciation from our funds, which refers to the incr eas e or decrease of the funds’ investment’s value. ▪ “MOIC” means multiple on invested capital, a ratio intended to represent how much value an investment has returned, and is ca lcu lated as realized value plus unrealized value, divided by the total amount invested, gross of expenses and fees. ▪ “IRR” means the internal rate of return, which is a discount rate that makes the net present value of all cash flows equal to ze ro in a discounted cash flow analysis.

46 Funds/strategies’ descriptions ▪ Vinci Multiestratégia: The fund seeks to achieve long - term returns by investing in fixed income assets, through strategies that imply interest rates and currency risks. ▪ Vinci Atlas: The fund seeks to achieve long - term returns by investing across all strategies within fixed income, equities, curre ncy, derivatives, commodities and other investment funds with no obligation of any class concentration. ▪ Vinci Mosaico FIA: Public Equities’ long only flagship strategy. The strategy seeks to achieve long - term returns above Brazilian equities market (Ibovespa) based on a fundamental analysis. ▪ Vinci Gas Dividendos: Public Equities’ dividends flagship strategy. The strategy seeks to achieve long - term returns by investing in companies with a consistent history of paying dividends in the Brazilian stock market. ▪ Vinci Total Return: The fund seeks to achieve medium and long - term returns by investing most of its capital in the Brazilian sto ck market, through bottom up and top - down strategies. ▪ Vinci Valorem: IP&S flagship commingled fund with exposure to fixed income assets, foreign exchange currency and derivatives. ▪ Equilibrio Strategy: IP&S family of pension plan funds. The strategy seeks to achieve long - term returns by investing across all strategies within fixed income, equities, currency, derivatives, commodities and other investment funds, respecting limitations in regulation. ▪ Vinci Selection Equities: The fund seeks to beat the Brazilian stock market index by investing in other funds that invest in Bra zilian public equities. ▪ Vinci Crédito Imobiliário I: The fund seeks to achieve long - term returns by investing in real estate mortgage - backed credit secu rity bonds. ▪ Vinci Crédito Estruturado Multiestratégia PLUS FIC FIM: The fund seeks to achieve consistent returns by investing in private str uctured credit bonds. ▪ VISC11: Shopping malls listed REIT, focused on acquiring income - generating shopping malls in Brazil. ▪ VILG11: Industrial listed REIT focused on acquiring mature income - generating industrial properties in Brazil. ▪ VINO11: Listed REIT focused on acquiring mature income - generating boutique office real estate assets in Brazil. ▪ VIFI11: Listed REIT that invests in other listed REITs and real estate mortgage - backed credit security bonds. ▪ VIUR11: perpetual capital listed REIT, focused on income generation to its quota holders through the acquisition of urban com mer cial properties in Brazil, such as street retail, grocery, healthcare, and educational focused real estate properties. ▪ VCRI11: Listed REIT that aims to invest in MBS, while also being able to invest in listed REITs with similar investment strat egi es. ▪ VICA11: VICA is a perpetual capital fund that shall invest in a diversified credit portfolio within the Agri sector in Brazil . ▪ Vinci FOF Imobiliário: Fund of Funds that invests in other listed REITs, combining income with capital gain.

Rio de Janeiro 55 21 2159 6000 Av. Bartolomeu Mitre, 336 Leblon - 22431 - 002 São Paulo 55 11 3572 3700 Av. Brigadeiro Faria Lima, 2.277 14 o andar Jardim Paulistano - 01452 - 000 Recife 55 81 3204 6811 Av. República do Líbano, 251 - Sala 301 Torre A - Pina - 51110 - 160 Nova York 1 646 559 8000 780 Third Avenue, 25 th Floor - 10017 New York

Exhibit 99.2

2Q23 Earnings Release

August 10^th, 2023

ir.vincipartners.com

Vinci Partners Reports Second Quarter 2023 Results

Alessandro Horta, Chief Executive Officer, stated, “Our second quarter 2023 results resonate the growth seen across the platform through the last twelve months. AUM reached R$65 billion, up 9% year-over-year, and our Adjusted Distributable Earningsⁱ totaled R$70 million in the quarter, or R$1.30 per share, an increase of 18% in our cash earnings per share year-over-year. As we enter a new easing cycle for interest rates, momentum is appealing for all our strategies. Vinci is very well positioned to take the most out of the market opportunity and we could not be more excited about the future ahead.”

Dividend

Vinci Partners has declared a quarterly dividend of US$0.20 per share to record holders of common stock at the close of business on August 24, 2023. This dividend will be paid on September 08, 2023.

Second Quarter 2023 Highlights

About Vinci Partners

Vinci Partners is a leading alternative investment platform in Brazil, established in 2009.

Vinci Partners’ business segments include Private Markets (Private Equity, Real Estate, Infrastructure, Special Situations and Credit), Liquid Strategies (Public Equities and Hedge Funds), Investment products and Solutions, Financial Advisory and Retirement Services. As of June 30, 2023, the firm had R$65 billion of assets under management.

Webcast and Earnings Conference Call

Vinci Partners will host a conference call at 5:00pm EST on Thursday, August 10, 2023, to announce its second quarter 2023 results.

To access the webcast please visit the Events & Presentations’ section of the Company's website at:

https://ir.vincipartners.com/news-and-events/events-and-presentations.

For those unable to listen to the live broadcast, there will be a webcast replay on the same section of the website.

To access the conference call through dial in, please register at 2Q23 VINP Earnings Dial In to obtain the conference number and access code.

Investor Contact

ShareholderRelations@vincipartners.com

NY: +1 (646) 559-8040

RJ: +55 (21) 2159-6240

USA Media Contact

Joele Frank, Wilkinson Brimmer Katcher

Nick Lamplough / Kate Thompson / Katie Villany

+1 (212) 355-4449

Brazil Media Contact

Danthi Comunicações

Carla Azevedo (carla@danthicomunicacoes.com.br)+55 (21) 3114-0779

Segment Earnings

(R$ thousands, unless mentioned)	2Q'22	1Q'23	2Q'23	∆ YoY (%)	2Q'22 YTD	2Q'23 YTD	∆ YoY (%)
Net revenue from management fees	89,271	95,877	92,769	4%	176,500	188,646	7%
Net revenue from advisory fees	6,659	4,468	14,050	111%	10,333	18,518	79%
Total Fee Related Revenues	95,930	100,345	106,819	11%	186,833	207,164	11%
Segment personnel expenses	(6,233)	(7,164)	(7,577)	22%	(12,782)	(14,741)	15%
Other G&A expenses	(4,178)	(3,458)	(5,036)	21%	(8,681)	(8,494)	(2)%
Corporate center expenses	(21,350)	(22,606)	(22,410)	5%	(40,111)	(45,016)	12%
Bonus compensation related to management and advisory	(17,267)	(18,062)	(21,049)	22%	(34,539)	(39,111)	13%
Total Fee Related Expenses	(49,028)	(51,290)	(56,071)	14%	(96,113)	(107,361)	12%
FEE RELATED EARNINGS (FRE)ⁱ	46,902	49,055	50,748	8%	90,720	99,803	10%
FRE Margin (%)	48.9%	48.9%	47.5%		48.6%	48.2%
FRE per shareⁱⁱ (R$/share)	0.84	0.90	0.94	11%	1.63	1.83	13%
Net revenue from performance fees	3,839	1,963	10,765	180%	7,011	12,728	82%
Performance based compensation	(1,427)	(733)	(5,368)	276%	(2,459)	(6,101)	148%
PERFORMANCE RELATED EARNINGS (PRE)	2,412	1,230	5,397	124%	4,552	6,627	46%
PRE Margin (%)	62.8%	62.7%	50.1%		64.9%	52.1%
(-) Unrealized performance fees	–	–	–	N/A	(636)	–	N/A
(+) Unrealized performance compensation	–	–	–	N/A	225	–	N/A
(+) Realized GP investment income	4,926	5,881	4,179	(15)%	6,971	10,060	44%
SEGMENT DISTRIBUTABLE EARNINGS	54,240	56,166	60,324	11%	101,833	116,490	14%
Segment DE Margin (%)	51.8%	51.9%	49.5%		50.9%	50.7%
(+) Depreciation and amortization	976	1,778	2,028	108%	1,960	3,806	94%
(+) Realized financial income	20,001	20,089	30,183	51%	44,997	50,272	12%
(-) Leasing expenses	(2,400)	(2,631)	(2,517)	5%	(4,872)	(5,148)	6%
(-) Other financial expensesⁱⁱⁱ	644	(3,900)	(5,540)	N/A	(492)	(9,440)	1,819%
(-) Non-operational expenses	(962)	–	–	N/A	(6,071)	–	N/A
(-) Income taxes (excluding related to unrealized fees and income)	(12,064)	(11,496)	(14,109)	17%	(23,665)	(25,605)	8%
DISTRIBUTABLE EARNINGS (DE)^iv	60,435	60,006	70,369	16%	113,690	130,375	15%
DE Margin (%)	48.5%	46.8%	46.3%		46.4%	46.5%
DE per share (R$/share)	1.09	1.10	1.30	19%	2.04	2.40	17%
(+) Non-operational expenses^v (including Income Tax effect)	635	–	–	N/A	5,072	–	N/A
ADJUSTED DISTRIBUTABLE EARNINGS	61,070	60,006	70,369	15%	118,762	130,375	10%
Adjusted DE Margin (%)	49.0%	46.8%	46.3%		48.4%	46.5%
Adjusted DE per share (R$/share) ^vi	1.10	1.10	1.30	18%	2.13	2.40	12%

Total Fee-Related Revenues^vii of R$106.8 million for the quarter ended June 30, 2023, compared to R$95.9 million for the quarter ended June 30, 2022, an increase of 11% year-over year. This increase was attributed to a combination of organic and inorganic growth across Private Markets strategies over the last twelve months, as well as stronger advisory fees in the quarter. Fee-related revenues were R$207.2 million for the six months ended June 30, 2023, up 11% when compared to the six months ended June 30, 2022. This growth was driven by higher levels of both management and advisory fees.

Fee Related Earnings (“FRE”) of R$50.7 million (R$0.94/share) for the quarter ended June 30, 2023, up 8% year-over-year on an absolute basis and 11%-year-over-year on an FRE per share basis when compared the quarter ended June 30, 2022. The platform continues to see FRE expansion on a year-over-year basis driven by the growth across Private Markets and a higher contribution from advisory fees in the quarter. FRE of R$99.8 million (R$1.83/share) for the six months ended June 30, 2023, up 10% when compared to the six months ended June 30, 2022, on an absolute basis and 13% on an FRE per share basis. This increase is mainly attributed to the expansion of the Private Markets segment and revenues booked in the Financial Advisory segment in the second quarter.

FRE Margin^viii was 47.5% for the quarter ended June 30, 2023, a decrease of 1.4 percentage point when compared to the quarter ended June 30, 2022.

Performance Related Earnings (“PRE”)^ix of R$5.4 million for the quarter ended June 30, 2023, compared to R$2.4 million for the quarter ended June 30, 2022, up 124% year-over-year, driven by more favorable market conditions during the 2Q’23. PRE was R$6.6 million for the six months ended June 30, 2023, an increase of 46% when compared to the six months ended June 30, 2022.

Segment Distributable Earnings^x of R$60.3 million for the quarter ended June 30, 2023, compared to R$54.2 million for the quarter ended June 30, 2022, up 11% year-over-year. Segment Distributable Earnings were R$116.5 million for the six months ended June 30, 2023, up 14% year-over-year, when compared to the six months ended June 30, 2022.

Adjusted Distributable Earnings (“DE”) of R$70.4 million (R$1.30/share) for the quarter ended June 30, 2023, compared to R$61.1 million for the quarter ended June 30, 2022, up 15% year-over-year on an absolute basis and 18% year-over-year on an Adjusted DE per share basis, boosted by a greater contribution from financial income, advisory and performance fees. Adjusted DE was R$130.4 million (R$2.40/share) for the six months ended June 30, 2023, up 10% when compared to the six months ended June 30, 2022, on an absolute basis and 12% on an Adjusted DE per share basis.

Adjusted DE Margin^xi was 46.3% for the quarter ended June 30, 2023, a 2.7 percentage point decrease compared to 49.0% for the quarter ended June 30, 2022. For the six months ended June 30, 2023, Adjusted DE Margin reached 46.5%, a decrease of 1.9 percentage points.

Segment Highlights

Private Market Strategies

(R$ thousands, unless mentioned)	2Q'22	1Q'23	2Q'23	∆ YoY (%)	2Q'22 YTD	2Q'23 YTD	∆ YoY (%)
Net revenue from management fees	47,654	58,432	57,842	21%	94,413	116,274	23%
Net revenue from advisory fees	275	275	275	–	741	549	(26)%
Total Fee Related Revenues	47,929	58,706	58,117	21%	95,154	116,823	23%
Segment personnel expenses	(2,923)	(3,509)	(3,719)	27%	(5,659)	(7,228)	28%
Other G&A expenses	(2,411)	(1,438)	(2,540)	5%	(5,166)	(3,978)	(23)%
Corporate center expenses	(10,827)	(13,018)	(13,205)	22%	(20,381)	(26,223)	29%
Bonus compensation related to management and advisory	(7,426)	(9,111)	(8,817)	19%	(14,733)	(17,928)	22%
Total Fee Related Expenses	(23,587)	(27,076)	(28,281)	20%	(45,939)	(55,357)	21%
FEE RELATED EARNINGS (FRE)	24,342	31,630	29,836	23%	49,215	61,466	25%
FRE Margin (%)	50.8%	53.9%	51.3%		51.7%	52.6%
Net revenue from performance fees	1,719	7	2,528	47%	2,359	2,535	7%
Realized performance fees	1,719	7	2,528	47%	1,723	2,535	47%
Unrealized performance fees	–	–	–	N/A	636	–	N/A
Performance based compensation	(609)	(3)	(1,118)	84%	(835)	(1,121)	34%
PERFORMANCE RELATED EARNINGS (PRE)	1,110	5	1,410	27%	1,524	1,414	(7)%
PRE Margin (%)	64.6%	64.6%	55.8%		64.6%	55.8%
(-) Unrealized performance fees	–	–	–	N/A	(636)	–	N/A
(+) Unrealized performance compensation	–	–	–	N/A	225	–	N/A
(+) Realized GP investment income	4,926	5,881	4,179	(15)%	6,971	10,060	44%
SEGMENT DISTRIBUTABLE EARNINGS	30,377	37,516	35,425	17%	57,299	72,940	27%
Segment DE Margin (%)	55.7%	58.1%	56.9%		56.1%	57.5%

ASSETS UNDER MANAGEMENT (AUM R$ millions)	23,998	28,198	29,367	22%	23,998	29,367	22%
FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions)	20,722	24,825	26,076	26%	20,722	26,076	26%
AVERAGE MANAGEMENT FEE RATE (%)	*0.90%*	*0.87%*	*0.85%*		*0.91%*	*0.86%*

Fee related earnings (FRE) of R$29.8 million for the quarter ended June 30, 2023, up 23% year-over-year, a combination of strong fundraising efforts over the last twelve months and the acquisition of Vinci SPS. In the 1Q’23, management fees received a boost from retroactive fees coming from commitments signed for VCP IV, which did not occur in the 2Q’23. This effect was partially offset by the commitments signed for VICC that started to contribute to management fees in the 2Q’23. FRE was R$61.5 million for the six months ended June 30, 2023, an increase of 25% when compared to the six months ended June 30, 2022.

Segment Distributable Earnings of R$35.4 million for the quarter ended June 30, 2023, up 17% when compared to the quarter ended June 30, 2022. Segment DE was R$72.9 million over the six months ended June 30, 2023, up 27% when compared to the six months ended June 30, 2022, boosted by growth in FRE.

AUM of R$29.4 billion at the end of the second quarter, an increase of 22% year-over-year, driven by strong fundraising across Private Equity, Credit, Infrastructure and the acquisition of Vinci SPS.

Investment Products and Solutions

(R$ thousands, unless mentioned)	2Q'22	1Q'23	2Q'23	∆ YoY (%)	2Q'22 YTD	2Q'23 YTD	∆ YoY (%)
Net revenue from management fees	21,407	19,152	17,426	(19)%	41,304	36,579	(11)%
Net revenue from advisory fees	7	7	8	11%	14	15	9%
Total Fee Related Revenues	21,414	19,160	17,434	(19)%	41,317	36,594	(11)%
Segment personnel expenses	(1,078)	(1,154)	(1,575)	46%	(2,905)	(2,729)	(6)%
Other G&A expenses	(450)	(862)	(580)	29%	(1,050)	(1,442)	37%
Corporate center expenses	(4,864)	(4,267)	(3,978)	(18)%	(8,929)	(8,245)	(8)%
Bonus compensation related to management and advisory	(3,557)	(3,859)	(3,551)	(0)%	(7,712)	(7,410)	(4)%
Total Fee Related Expenses	(9,948)	(10,142)	(9,684)	(3)%	(20,596)	(19,827)	(4)%
FEE RELATED EARNINGS (FRE)	11,466	9,017	7,750	(32)%	20,721	16,767	(19)%
FRE Margin (%)	53.5%	47.1%	44.4%		50.2%	45.8%
Net revenue from performance fees	820	790	1,490	82%	1,028	2,279	122%
Realized performance fees	820	790	1,490	82%	1,028	2,279	122%
Unrealized performance fees	–	–	–	N/A	–	–	N/A
Performance based compensation	(360)	(316)	(745)	107%	(444)	(1,061)	139%
PERFORMANCE RELATED EARNINGS (PRE)	460	474	745	62%	584	1,219	109%
PRE Margin (%)	56.1%	60.0%	50.0%		56.8%	53.5%
(-) Unrealized performance fees	–	–	–	N/A	–	–	N/A
(+) Unrealized performance compensation	–	–	–	N/A	–	–	N/A
SEGMENT DISTRIBUTABLE EARNINGS	11,926	9,491	8,495	(29)%	21,305	17,986	(16)%
Segment DE Margin (%)	53.6%	47.6%	44.9%		50.3%	46.3%

ASSETS UNDER MANAGEMENT (AUM R$ millions)	25,659	24,216	24,041	(6)%	25,659	24,041	(6)%
FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions)	25,545	24,050	23,940	(6)%	25,545	23,940	(6)%
AVERAGE MANAGEMENT FEE RATE (%)	*0.38%*	*0.35%*	*0.32%*		*0.38%*	*0.33%*

Fee related earnings (FRE) of R$7.8 million for the quarter ended June 30, 2023, down 32% year-over-year, a consequence of the shift in fundraising mix within the IP&S segment. Even though AUM remained stable year-over-year, the segment has been fundraising more significantly across the Separate Mandates strategy, which carries lower fees, contributing to the decrease in the average management fee rate. FRE was R$16.8 million over the six months ended June 30, 2023, a decrease of 19% when compared to the six months ended June 30, 2022.

Performance related earnings (PRE) of R$0.7 million for the quarter ended June 30, 2023, up 62% year-over-year. PRE over the six months ended June 30, 2023, was R$1.2 million, an increase of 109% when compared to the six months ended June 30, 2022.

Segment Distributable Earnings of R$8.5 million for the quarter ended June 30, 2023, down 29% year-over-year. Segment DE was R$18.0 million over the six months ended June 30, 2023, a decrease of 16% when compared to the six months ended June 30, 2022, that posted higher contribution from FRE.

AUM of R$24.0 billion, down 6% year-over-year.

Liquid Strategies

(R$ thousands, unless mentioned)	2Q'22	1Q'23	2Q'23	∆ YoY (%)	2Q'22 YTD	2Q'23 YTD	∆ YoY (%)
Net revenue from management fees	20,210	18,293	17,492	(13)%	40,783	35,784	(12)%
Net revenue from advisory fees	–	–	–	N/A	–	–	N/A
Total Fee Related Revenues	20,210	18,293	17,492	(13)%	40,783	35,784	(12)%
Segment personnel expenses	(1,394)	(1,608)	(1,328)	(5)%	(2,778)	(2,936)	6%
Other G&A expenses	(780)	(710)	(861)	10%	(1,456)	(1,571)	8%
Corporate center expenses	(4,592)	(4,075)	(3,993)	(13)%	(8,795)	(8,069)	(8)%
Bonus compensation related to management and advisory	(3,922)	(3,471)	(3,244)	(17)%	(7,871)	(6,714)	(15)%
Total Fee Related Expenses	(10,688)	(9,864)	(9,426)	(12)%	(20,900)	(19,290)	(8)%
FEE RELATED EARNINGS (FRE)	9,522	8,429	8,066	(15)%	19,883	16,494	(17)%
FRE Margin (%)	47.1%	46.1%	46.1%		48.8%	46.1%
Net revenue from performance fees	1,300	1,166	6,747	419%	3,625	7,913	118%
Realized performance fees	1,300	1,166	6,747	419%	3,625	7,913	118%
Unrealized performance fees	–	–	–	N/A	–	–	N/A
Performance based compensation	(459)	(415)	(3,505)	664%	(1,181)	(3,920)	232%
PERFORMANCE RELATED EARNINGS (PRE)	841	752	3,242	285%	2,444	3,994	63%
PRE Margin (%)	64.7%	64.5%	48.0%		67.4%	50.5%
(-) Unrealized performance fees	–	–	–	N/A	–	–	N/A
(+) Unrealized performance compensation	–	–	–	N/A	–	–	N/A
SEGMENT DISTRIBUTABLE EARNINGS	10,363	9,180	11,308	9%	22,327	20,488	(8)%
Segment DE Margin (%)	48.2%	47.2%	46.7%		50.3%	46.9%

ASSETS UNDER MANAGEMENT (AUM R$ millions)	9,845	9,818	11,472	17%	9,845	11,472	17%
FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions)	9,708	9,614	11,278	16%	9,708	11,278	16%
AVERAGE MANAGEMENT FEE RATE (%)	*0.78%*	*0.78%*	*0.70%*		*0.76%*	*0.74%*

Fee related earnings (FRE) of R$8.1 million for the quarter ended June 30, 2023, down 15% year-over-year. This decrease can be attributed to a shift in the fee mix, as the macroeconomic landscape has been conductive to the expansion of Exclusive Mandates strategy, which carries lower fees. FRE was R$16.5 million over the six months ended June 30, 2023, a decrease of 17% when compared to the six months ended June 30, 2022.

Performance related earnings (PRE) of R$3.2 million for the quarter ended June 30, 2023, up 285% year-over-year. PRE was R$4.0 million over the six months ended June 30, 2023, an increase of 63% when compared to the six months ended June 30, 2022.

Segment Distributable Earnings of R$11.3 million for the quarter ended June 30, 2023, up 9% year-over-year, following higher contributions from performance fees. Segment DE was R$20.5 million over the six months ended June 30, 2023, a decrease of 8% when compared to the six months ended June 30, 2022, as consequence of reduction in contributions from FRE.

AUM was R$11.5 billion at the end of the second quarter, up 17% year-over-year. This growth was driven by favorable mark-to-market effects, which were concentrated in the latter part of the quarter. As a result, revenues are expected to benefit from the increased AUM throughout the next quarter.

Financial Advisory

(R$ thousands, unless mentioned)	2Q'22	1Q'23	2Q'23	∆ YoY (%)	2Q'22 YTD	2Q'23 YTD	∆ YoY (%)
Net revenue from management fees	–	–	–	N/A	–	–	N/A
Net revenue from advisory fees	6,378	4,186	13,768	116%	9,578	17,954	87%
Total Fee Related Revenues	6,378	4,186	13,768	116%	9,578	17,954	87%
Segment personnel expenses	(530)	(471)	(525)	(1)%	(1,035)	(996)	(4)%
Other G&A expenses	(165)	(74)	(241)	46%	(374)	(315)	(16)%
Corporate center expenses	(1,067)	(1,130)	(1,120)	5%	(2,006)	(2,251)	12%
Bonus compensation related to management and advisory	(1,350)	(1,023)	(4,735)	251%	(2,208)	(5,758)	161%
Total Fee Related Expenses	(3,112)	(2,698)	(6,622)	113%	(5,623)	(9,320)	66%
FEE RELATED EARNINGS (FRE)	3,265	1,487	7,146	119%	3,956	8,634	118%
FRE Margin (%)	51.2%	35.5%	51.9%		41.3%	48.1%
SEGMENT DISTRIBUTABLE EARNINGS	3,265	1,487	7,146	119%	3,956	8,634	118%
Segment DE Margin (%)	51.2%	35.5%	51.9%		41.3%	48.1%

Fee related earnings (FRE) of R$7.1 million for the quarter ended June 30, 2023, up 119% year-over-year. FRE was R$8.6 million over the six months ended June 30, 2023, an increase of 118% when compared to the six months ended June 30, 2022.

Segment Distributable Earnings over the six months ended June 30, 2023, were R$8.6 million, an increase of 118% year-over-year when compared to the six months ended June 30, 2022.

Retirement Services

(R$ thousands, unless mentioned)/	2Q'22	1Q'23	2Q'23	∆ YoY (%)	2Q'22 YTD	2Q'23 YTD	∆ YoY (%)
Net revenue from management fees	–	0	9	N/A	–	9	N/A
Net revenue from advisory fees	–	–	–	N/A	–	–	N/A
Total Fee Related Revenues	–	0	9	N/A	–	9	N/A
Segment personnel expenses	(308)	(422)	(429)	39%	(405)	(851)	110%
Other G&A expenses	(372)	(374)	(814)	119%	(635)	(1,188)	87%
Corporate center expenses	–	(115)	(112)	N/A	–	(227)	N/A
Bonus compensation related to management and advisory	(1,012)	(598)	(703)	(31)%	(2,014)	(1,300)	(35)%
Total Fee Related Expenses	(1,692)	(1,509)	(2,058)	22%	(3,054)	(3,566)	17%
FEE RELATED EARNINGS (FRE)	(1,692)	(1,509)	(2,049)	21%	(3,054)	(3,558)	16%
FRE Margin (%)	N/A	N/A	N/A		N/A	N/A
Net revenue from performance fees	–	–	–	N/A	–	–	N/A
Realized performance fees	–	–	–	N/A	–	–	N/A
Unrealized performance fees	–	–	–	N/A	–	–	N/A
Performance based compensation	–	–	–	N/A	–	–	N/A
PERFORMANCE RELATED EARNINGS (PRE)	–	–	–	N/A	–	–	N/A
PRE Margin (%)	N/A	N/A	N/A		N/A	N/A
(-) Unrealized performance fees	–	–	–	N/A	–	–	N/A
(+) Unrealized performance compensation	–	–	–	N/A	–	–	N/A
SEGMENT DISTRIBUTABLE EARNINGS	(1,692)	(1,509)	(2,049)	21%	(3,054)	(3,558)	16%
Segment DE Margin (%)	N/A	N/A	N/A		N/A	N/A

ASSETS UNDER MANAGEMENT (AUM R$millions)	–	–	15	N/A	–	15	N/A

Fee Related Earnings (FRE) of negative R$2.0 million for the quarter ended June 30, 2023. FRE was negative R$3.6 million to the six months ended June 30, 2023.

VRS started to contribute to AUM numbers and management fee revenues this quarter.

Income Statement

(R$ thousands, unless mentioned)	2Q'22	1Q'23	2Q'23	∆ YoY (%)	2Q'22 YTD	2Q'23 YTD	∆ YoY (%)
REVENUES
Net revenue from management fees	89,271	95,877	92,769	4%	176,500	188,646	7%
Net revenue from performance fees	3,839	1,963	10,765	180%	7,011	12,728	82%
Realized performance fees	3,839	1,963	10,765	180%	6,375	12,728	100%
Unrealized performance fees	–	–	–	N/A	636	–	N/A
Net revenue from advisory	6,659	4,468	14,050	111%	10,333	18,518	79%
Total net revenues from services rendered	99,769	102,308	117,584	18%	193,844	219,892	13%
EXPENSES
Bonus related to management and advisory	(17,267)	(18,062)	(21,049)	22%	(34,539)	(39,111)	13%
Performance based compensation	(1,427)	(733)	(5,368)	276%	(2,459)	(6,101)	148%
Realized	(1,427)	(733)	(5,368)	276%	(2,234)	(6,101)	173%
Unrealized	–	–	–	N/A	(225)	–	N/A
Total compensation and benefits^xii	(18,694)	(18,795)	(26,417)	41%	(36,997)	(45,212)	22%
Segment personnel expenses	(6,233)	(7,164)	(7,577)	22%	(12,782)	(14,741)	15%
Other general and administrative expenses	(4,178)	(3,458)	(5,036)	21%	(8,681)	(8,494)	(2)%
Corporate center expenses	(21,350)	(22,606)	(22,410)	5%	(40,111)	(45,016)	12%
Total expenses	(50,455)	(52,023)	(61,439)	22%	(98,571)	(113,462)	15%
Operating profit	49,314	50,285	56,145	14%	95,273	106,430	12%
OTHER ITEMS
GP Investment income	(7,211)	(20,200)	34,651	N/A	(11,380)	14,451	N/A
Realized gain from GP investment income	4,926	5,881	4,179	(15)%	6,971	10,060	44%
Unrealized gain from GP investment income	(12,137)	(26,081)	30,472	N/A	(18,351)	4,391	N/A
Financial income	21,193	20,089	30,183	42%	45,901	50,272	10%
Realized gain from financial income	20,001	20,089	30,183	51%	44,997	50,272	12%
Unrealized gain from financial income	1,192	–	–	N/A	904	–	N/A
Leasing expenses	(2,400)	(2,631)	(2,517)	5%	(4,872)	(5,148)	6%
Other items^xiii	644	151	(11,573)	N/A	(492)	(11,422)	2,222%
Share Based Plan	(2,468)	(2,107)	(3,493)	42%	(3,204)	(5,600)	75%
Non-operational expenses	(962)	–	–	N/A	(6,071)	–	N/A
Total Other Items	8,796	(4,698)	47,251	437%	19,882	42,553	114%
Profit before income taxes	58,109	45,587	103,396	78%	115,154	148,983	29%
(-) Income taxes	(11,711)	(12,881)	(11,844)	1%	(23,450)	(24,725)	5%
NET INCOME	46,398	32,706	91,552	97%	91,704	124,258	35%
(+) Non-operational expenses including income tax related to realized expense	635	–	–	N/A	5,072	–	N/A
(-) Contingent consideration adjustment related to acquisitions^xiv	–	(2,674)	4,804		–	2,130
ADJUSTED NET INCOME	47,033	30,032	96,356	105%	96,775	126,388	31%

Total net revenues from services rendered of R$117.6 million for the quarter ended June 30, 2023, up 18% year-over-year, driven by a combination of organic and inorganic expansion of Private Markets segment, higher performance and advisory fees. Net revenues for the six months ended June 30, 2023, were R$219.9 million, representing a 13% increase when compared to the six months ended June 30, 2022.

Management fee revenues of R$92.8 million for the quarter ended June 30, 2023, up 4% year-over-year, a result from the fundraising cycle across Private Markets funds and the acquisition of Vinci SPS.

Performance fee revenues of R$10.8 million for the quarter ended June 30, 2023, compared to R$3.8 million for the quarter ended June 30, 2022, an increase of 180% year-over-year. The local market experienced favorable conditions during the 2Q’23, driving the performance of our funds with exposure to liquid assets. Performance fee revenues of R$12.7 for the six months ended June 30, 2023, an increase of 100% when compared to the six

months ended June 30, 2022.

Advisory fee revenues of R$14.1 million for the quarter ended June 30, 2023, compared to R$6.7 million for the quarter ended June 30, 2022, an increase of 111% year-over-year, a result of revenues booked in the Financial Advisory segment in the 2Q’23. Advisory revenues for the six months ended June 30, 2023, were R$18.5 million, up 79% when compared to the six months ended June 30, 2022.

Total expenses for the quarter ended June 30, 2023, of R$61.4 million, compared to R$50.5 million for the quarter ended June 30, 2022, an increase of 22% year-over-year. Disregarding bonus compensation, total expenses totaled R$35.0 million, up 10% year-over-year. This increase was primarily driven by the incorporation of Vinci SPS, as our internal efforts to control costs effectively mitigated the inflationary pressure on fixed expenses. Total expenses for the six months ended June 30, 2023, were R$113.5 million, up 15% when compared to the six months ended June 30, 2022.

Bonus related to management and advisory fees of R$21.0 million for the quarter ended June 30, 2023, compared to R$17.3 million for the quarter ended June 30, 2022, an increase of 22% year-over-year. Bonus related to management and advisory was R$39.1 million for the six months ended June 30, 2023, up 13% year-over-year, when compared to the six months ended June 30, 2022.

Performance based compensation of R$5.4 million for the quarter ended June 30, 2023, compared to R$1.4 million for the quarter ended June 30, 2022, an increase of 276% year-over-year. Performance based compensation for the six months ended June 30, 2023, was R$6.1 million, an increase of 148% when compared to the six months ended June 30, 2022.

Segment personnel expenses^xv of R$7.6 million for the quarter ended June 30, 2023, compared to R$6.2 million for the quarter ended June 30, 2022, an increase of 22% year-over-year, primarily driven by the incorporation of Vinci SPS. Segment personnel expenses for the six months ended June 30, 2023, was R$14.7 million, up 15% when compared to the six months ended June 30, 2022.

Corporate center expenses^xvi of R$22.4 million for the quarter ended June 30, 2023, compared to R$21.4 million for the quarter ended June 30, 2022, an increase of 5% year-over-year. Corporate center expenses for the six months ended June 30, 2023, were R$45.0 million, up 12% year-over-year, when compared to the six months ended June 30, 2022.

Other general and administrative expenses^xvii of R$5.0 million for the quarter ended June 30, 2023, compared to R$4.2 million for the quarter ended June 30, 2022, an increase of 21% year-over-year. Other G&A expenses for the six months ended June 30, 2023, were R$8.5 million, down 2% when compared to the six months ended June 30, 2022.

Operating Profit of R$56.1 million for the quarter ended June 30, 2023, compared to R$49.3 million for the quarter ended June 30, 2022, an increase of 14% year-over-year. Operating profit for the six months ended June 30, 2023, was R$106.4 million, up 12% when compared to the six months ended June 30, 2022.

GP Investment income^xviii, a result of the company’s GP investments in its proprietary private market funds, was R$34.7 million for the quarter ended June 30, 2023, compared to negative R$7.2 million for the quarter ended June 30, 2022,

following the strong mark-to-market appreciation in local REITs during the current quarter. GP Investment income for the six months ended June 30, 2023, was R$14.5 million compared to negative R$11.4 million for the six months ended June 30, 2022.

Financial Income^xix of R$30.2 million for the quarter ended June 30, 2023, up 42% when compared to R$21.2 million for the quarter ended June 30, 2022, a result of financial gains from the company’s cash position, primarily allocated to funds exposed to federal fixed-income bonds. Financial income for the six months ended June 30, 2023, was R$50.3 million, up 10% when compared to the six months ended June 30, 2022.

Leasing Expenses^xx of R$2.5 million for the quarter ended June 30, 2023, compared to R$2.4 million for the quarter ended June 30, 2022, up 5% year-over-year.

Other Items of negative R$11.6 million for the quarter ended June 30, 2023. Other items comprise the income/(loss) generated by contingent consideration adjustment and financial expenses related to acquisitions.

Share Based Plan expenses^xxi of R$3.5 million for the quarter ended June 30, 2023. In the six months ended June 30, 2023, share based plan expenses accounted for R$5.6 million.

Profit before income taxes of R$103.4 million for the quarter ended June 30, 2023, compared to R$58.1 million for the quarter ended June 30, 2022, an increase of 78% year-over-year. Profit before income taxes for the six months ended June 30, 2023, was R$149.0 million, an increase of 29% when compared to the six months ended June 30, 2022.

Income Taxes^xxii of R$11.8 million for the quarter ended June 30, 2023, which represented an effective tax rate for the quarter of 11%, compared to R$11.7 million for the quarter ended June 30, 2022, which represented an effective tax rate of 20%, representing a decrease of 8.7 percentage points year-over-year, a consequence of our strong financial result this quarter, backed by the mark-to-market appreciation effect across our balance sheet’s position in Listed REITs and financial gains from our liquid’s portfolio.

Contingent consideration adjustment related to acquisitions, after tax, of R$4.8 million for the quarter ended June 30, 2023. Contingent consideration adjustment related to Vinci SPS’ acquisition reflects the change in earn out’s fair value to be paid in 2027.

Adjusted Net Income of R$96.4 million for the quarter ended June 30, 2023, compared to R$47.0 million for the quarter ended June 30, 2022, an increase of 105% year-over-year. Adjusted Net Income was R$126.4 million for the six months ended June 30, 2023, up 31% when compared to the six months ended June 30, 2022.

Supplement Details

Assets Under Management (AUM)^xxiii Rollforward – R$ millions

For the Three Months Ended June 30, 2023

	Private Equity	Public Equities	IP&S	Infrastructure	Real Estate	Credit	Hedge Funds	VRS	Vinci SPS	Total
Beginning balance	13,587	7,095	24,216	2,361	5,137	4,964	2,723	–	2,149	62,232
(+/-) Capital Subscription / (capital return)	(27)	–	28	(21)	(108)	(33)	–	–	(98)	(260)
(+) Capital Subscription	34	–	28	–	–	–	–	–	–	62
(-) Capital Return	(61)	–	–	(21)	(108)	(33)	–	–	(98)	(321)
(+) Acquisitions	–	–	–	–	–	–	–	–	–	–
(+/-) Net Inflow / (outflow)	–	204	(884)	–	(4)	203	(36)	15	–	(502)
(+/-) Appreciation / (depreciation)	(50)	1,372	682	91	984	175	113	0	58	3,425
Ending Balance	13,511	8,672	24,041	2,431	6,008	5,308	2,800	15	2,108	64,895

For the Twelve months Ended June 30, 2023

	Private Equity	Public Equities	IP&S	Infrastructure	Real Estate	Credit	Hedge Funds	VRS	Vinci SPS	Total
Beginning balance	13,013	7,064	25,659	1,460	5,208	4,318	2,781	–	–	59,502
(+/-) Capital Subscription / (capital return)	587	–	55	867	(140)	453	–	–	(184)	1,639
(+) Capital Subscription	777	–	55	944	284	699	–	–	47	2,806
(-) Capital Return	(190)	–	(0)	(77)	(423)	(246)	–	–	(231)	(1,167)
(+) Acquisitions	–	–	–	–	–	–	–	–	2,055	2,055
(+/-) Net Inflow / (outflow)	–	191	(3,081)	–	(154)	263	(409)	15	–	(3,175)
(+/-) Appreciation / (depreciation)	(89)	1,417	1,408	105	1,095	275	428	0	237	4,875
Ending Balance	13,511	8,672	24,041	2,431	6,008	5,308	2,800	15	2,108	64,895

Fee Earning Assets Under Management (FEAUM) Rollforward – R$ millions

For the Three Months Ended June 30, 2023

	Private Equity	Public Equities	IP&S	Infrastructure	Real Estate	Credit	Hedge Funds	VRS	Vinci SPS	Total
Beginning balance	10,262	7,040	24,048	2,313	5,137	4,964	2,574	–	2,149	58,487
(+/-) Capital Subscription / (capital return)	(27)	–	28	(21)	(108)	(33)	–	–	(98)	(260)
(+) Capital Subscription	34	–	28	–	–	–	–	–	–	62
(-) Capital Return	(61)	–	–	(21)	(108)	(33)	–	–	(98)	(321)
(+) Acquisitions	–	–	–	–	–	–	–		–	–
(+/-) Net Inflow / (outflow)	–	204	(826)	–	(4)	203	(26)	15	–	(434)
(+/-) Appreciation / (depreciation)	33	1,379	690	91	984	175	108	0	58	3,517
Ending Balance	10,268	8,623	23,940	2,383	6,008	5,308	2,655	15	2,108	61,310

For the Twelve months Ended June 30, 2023

	Private Equity	Public Equities	IP&S	Infrastructure	Real Estate	Credit	Hedge Funds	VRS	Vinci SPS	Total
Beginning balance	9,797	7,002	25,545	1,399	5,208	4,318	2,706	–	–	55,975
(+/-) Capital Subscription / (capital return)	587	–	55	873	(140)	453	–	–	(184)	1,645
(+) Capital Subscription	765	–	55	944	284	678	–	–	47	2,772
(-) Capital Return	(178)	–	(0)	(71)	(423)	(225)	–	–	(231)	(1,128)
(+) Acquisitions	–	–	–	–	–	–	–	–	2,055	2,055
(+/-) Net Inflow / (outflow)	–	199	(3,025)	–	(154)	263	(463)	15	–	(3,167)
(+/-) Appreciation / (depreciation)	(116)	1,423	1,365	111	1,095	275	413	0	237	4,801
Ending Balance	10,268	8,623	23,940	2,383	6,008	5,308	2,655	15	2,108	61,310

Accrued Performance Fees – Private Market Funds

(R$ mm)	1Q’23	Unrealized Performance Fees	Realized Distributions	2Q’23
Private Equity	137.5	26.2	-	163.7
Infrastructure	17.6	(0.7)	-	16.9
Real Estate	0.1	(0.1)	-	-
Total	155.2	25.4	-	180.6

Vinci Partners recognizes the performance revenue according to IFRS 15. Unrealized performance fees are recognized only when is highly probable that the revenue will not be reversed in the Income Statement.

The fund FIP Infra Transmissão in Infrastructure had R$15.5 million as of the end of the second quarter of 2023 booked as unrealized performance fees in the company´s balance sheet.

Accrued performance fees shown for Private Equity funds of R$163.7 million and for others Infrastructure funds of R$1.4 million as of the end of the second quarter of 2023 have not been booked as unrealized performance fees in the company´s balance sheet.

Investment Records – IP&S, Liquid Strategies, Credit and Listed REIT

Fund	Segment	NAV^xxiv (R$ millions)	2Q23	YTD	12 M	24 M	Market Comparison	Index Rate
Vinci Multiestratégia FIM	Hedge Funds	304.0	3.9%	7.3%	13.9%	22.8%	CDI^xxv	CDI
Atlas Strategy^xxvi	Hedge Funds	384.8	3.9%	5.1%	8.5%	8.9%	CDI	CDI
Vinci Total Return	Hedge Funds	241.7	19.1%	16.0%	25.4%	12.3%	IPCA^xxvii+ Yield IMA-B^xxviii	IPCA + Yield IMA-B
Mosaico Strategy^xxix	Public Equities	896.1	19.3%	11.4%	16.6%	(12.1)%	IBOV^xxx	IBOV
Vinci Gas Dividendos FIA	Public Equities	506.7	15.0%	7.3%	18.0%	(0.3)%	IBOV	IBOV
Vinci Valorem FIM	IP&S	1,734.1	3.6%	7.9%	10.4%	21.2%	IMA-B 5	IMA-B 5
Equilibrio Strategy^xxxi	IP&S	2,787.6	3.7%	7.4%	9.9%	19.0%	IPCA	-
Vinci Retorno Real FIM	IP&S	219.4	5.1%	10.5%	12.7%	26.2%	IMA-B	IMA-B
Vinci Crédito Imobiliário I	Credit	110.9	2.1%	5.8%	10.1%	18.7%	IPCA	IPCA + 7.785%
Vinci Crédito Imobiliário II	Credit	841.6	6.6%	11.0%	13.9%	23.0%	IPCA	IPCA + 6%
Vinci Crédito Estruturado Multiestrategia Plus FIC FIM	Credit	124.3	3.6%	5.3%	13.0%	25.4%	CDI	CDI
Vinci Energia Sustentável	Credit	605.5	6.1%	8.4%	8.9%	17.6%	IPCA	IPCA + 6%
Vinci Crédito Multiestratégia	Credit	344.4	5.8%	4.5%	8.1%	22.1%	CDI	IPCA + 5%
VISC11	Real Estate (listed REIT)	2,209.5	20.1%	18.0%	29.3%	31.7%	IFIX^xxxii	IPCA + 6%
VILG11	Real Estate (listed REIT)	1,654.2	28.0%	15.8%	26.4%	19.7%	IFIX	IPCA + 6%
VINO11	Real Estate (listed REIT)	772.9	21.8%	3.1%	16.1%	(4.3)%	IFIX	IPCA + 6%
VIFI11	Real Estate / Credit (listed REIT)	64.8	23.6%	22.3%	29.6%	17.5%	IFIX	IFIX
VIUR11	Real Estate (listed REIT)	223.9	42.1%	12.5%	31.5%	14.9%	IFIX	IPCA + 6%
VCRI11	Real Estate / Credit (listed REIT)	153.1	9.6%	4.1%	8.6%	5.1%	IFIX	IPCA + X^xxxiii%
VICA11	Real Estate / Credit (REIT)	374.5	0.0%	(0.3)%	1.3%	1.3%	IFIX	CDI + 1%
VINCI FOF IMOBILIARIO FIM CP	Real Estate (REIT)	59.3	12.7%	12.6%	14.9%	26.8%	IFIX	IFIX
VIGT11	Infrastructure (listed)	656.0	16.4%	15.9%	25.3%	20.2%	-	-

Benchmark	2Q23	YTD	12 M	24 M
IBOV	15.9%	7.6%	19.8%	(6.9)%
CDI	3.1%	6.5%	13.5%	23.4%
IMA-B 5	2.5%	7.0%	10.2%	21.3%
IPCA + Yield IMA-B	2.5%	6.2%	10.1%	29.5%
IPCA	0.8%	2.9%	3.2%	15.4%
IFIX	14.3%	10.1%	12.9%	14.5%

Investment Records – Closed End Private Markets funds^xxxiv

Fund	Segment	Vintage year	Committed Capital (R$mm)	Invested Capital (R$mm)	Realized or Partially Realized (R$mm)	Unrealized (R$mm)	Total Value (R$mm)	Gross MOIC^xxxv (BRL)	Gross MOIC (USD)	Gross IRR^xxxvi (BRL)	Gross IRR (USD)
Fund 1	Private Equity	2004	1,415	1,206	5,065	134	5,199	4.3x	4.0x	71.5%	77.2%
VCP II	Private Equity	2011	2,200	1,880	2,044	2,146	4,190	2.2x	1.1x	11.3%	1.6%
VCP III	Private Equity	2018	4,000	2,182	34	3,803	3,837	1.7x	1.6x	35.4%	28.0%
VCP IV	Private Equity	2022	1,263	–	–	–	–	–	–	–	–
VCP Strategy^xxxvii	Private Equity		8,878	5,268	7,143	6,083	13,226	2.5x	2.2x	64.7%	70.2%
NE Empreendedor	Private Equity	2003	36	13	26	–	26	2.1x	2.6x	22.0%	30.5%
Nordeste III	Private Equity	2017	240	135	93	144	237	1.8x	1.5x	20.3%	12.7%
VIR IV	Private Equity	2020	1,000	314	151	273	424	1.4x	1.4x	30.2%	36.2%
VIR Strategy^xxxviii	Private Equity		1,276	461	270	417	687	1.5x	1.5x	22.7%	28.4%
SPS I	Vinci SPS	2018	128	178	173	129	302	1.7x	1.4x	25.7%	19.6%
SPS II	Vinci SPS	2020	671	1,003	599	838	1,436	1.4x	1.4x	27.6%	32.3%
SPS III	Vinci SPS	2021	1,070	447	83	468	550	1.2x	1.4x	31.1%	44.4%
SPS Strategy^xxxix	Vinci SPS		1,869	1,628	855	1,434	2,289	1.4x	1.4x	27.6%	29.9%
FIP Transmissão^xl	Infrastructure	2017	211	104	255	119	374	3.6x	2.7x	60.7%	45.1%
VIAS^xli	Infrastructure	2021	386	350	–	409	409	1.2x	1.2x	27.9%	29.1%
VICC^xlii	Infrastructure	2023	944	–	–	–	–	–	–	–	–
VFDL^xliii	Real Estate	2021	422	146	4	169	173	1.2x	1.3x	18.7%	27.5%
Vinci Credit Infra^xliv	Credit	2022	1,400	153	–	167	167	1.1x	1.1x	NM	NM

Shareholder Dividends

($ in thousands)	1H21	3Q'21	4Q'21	1Q’22	2Q’22	3Q'22	4Q’22	1Q’23	2Q'23
Distributable Earnings (R$)	101,976	61,743	68,515	53,255	60,435	72,842	55,792	60,006	70,369
Distributable Earnings (US$)^xlv	19,397	11,377	13,637	10,615	11,795	14,281	10,618	11,994	14,290
DE per Common Share (US$)^xlvi	0.34	0.20	0.24	0.19	0.21	0.26	0.19	0.22	0.26
Actual Dividend per Common Share^xlvii	0.30	0.16	0.20	0.17	0.17	0.20	0.17	0.16	0.20
Record Date	Sep 01, 2021	Dec 01, 2021	Mar 10, 2022	May 24, 2022	Aug 25, 2022	Nov 23, 2022	Mar 01, 2023	May 25, 2023	Aug 24, 2023
Payable Date	Sep 16, 2021	Dec 16, 2021	Mar 24, 2022	Jun 08, 2022	Sep 09,2022	Dec 08, 2022	Mar 15, 2023	Jun 09, 2023	Sep 08, 2023

Vinci Partners generated R$1.30 or US$0.26 of Distributable Earnings per common share for the second quarter of 2023. The company declared a quarterly dividend of US$0.20 per common share to record holders as of August 24, 2023; payable on September 08, 2023.

Share Summary

VINP Shares	1Q'21	2Q'21	3Q'21	4Q'21	1Q’22	2Q'22	3Q'22	4Q'22	1Q'23	2Q'23
Class B	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239	14,466,239
Class A^xlviii	42,447,349	42,270,694	42,097,179	41,689,338	41,363,077	41,112,717	40,892,619	40,614,497	40,247,461	39,730,720
Common Shares Outstanding	56,913,588	56,736,933	56,563,418	56,155,577	55,829,316	55,578,956	55,358,858	55,080,736	54,713,700	54,196,959

Common Shares Outstanding as of quarter end of 54,196,959 shares.

Repurchased 558,349 common shares in the quarter, with an average share price of US$8.7.

Repurchased 2,758,237 common shares since the announcement of the first share repurchase plan, with an average share price of US$10.9.

The second share repurchase plan was replaced by a new share repurchase plan initiated on February 14th, 2023, limited to R$60 million.

Available authorization remaining was R$47.8 million on June 30, 2023.

GP Commitment in Vinci Partners funds

(R$ millions, unless mentioned) Fund	Segment	2Q23 Commitments	Total Capital Committed	2Q23 Capital Called	Total Capital Called	Capital Returned/ Dividends Paid (2Q23)	Accumulated Capital Returned/ Dividends Paid	Fair value of investments
Nordeste III	Private Equity	–	5.0	0.0	3.1	–	1.6	2.6
VCP III	Private Equity	–	3.1	0.2	2.8	–	–	3.8
VIR IV	Private Equity	–	11.1	0.8	4.7	0.7	1.7	3.6
VCP IV	Private Equity	–	350.0	–	–	–	–	–
FIP Infra Transmissão (co- investment)^l	Infrastructure	–	29.5	–	8.9	–	20.9	10.2
FIP Infra Transmissão^li	Infrastructure	–	10.5	–	3.4	–	6.6	2.9
VIAS	Infrastructure	–	50.0	–	27.8	–	–	33.9
Vinci Transporte e Logística II	Infrastructure	–	15.0	–	–	–	–	–
Vinci Transporte e Logística I	Infrastructure	–	11.4	5.0	11.3	–	–	10.6
VICC	Infrastructure	–	100.0	–	–	–	–	–
VFDL	Real Estate	–	70.0	10.6	33.3	–	–	36.6
VIUR	Real Estate	–	67.3	–	67.3	1.5	11.9	56.4
VINO	Real Estate	–	50.0	–	50.0	0.8	5.1	42.6
Vinci FOF Imobiliário	Real Estate	–	16.9	–	16.9	–	0.5	20.7
VCS (VCRI)	Real Estate / Credit	–	80.0	–	80.0	2.8	14.3	72.7
Vinci Crédito Agro Fiagro-Imobiliário	Real Estate / Credit	–	23.0	–	23.0	0.8	2.6	22.8
Vinci Crédito Infra Institucional	Credit	–	100.0	–	7.7	–	–	8.4
VSP FIM	IP&S	–	50.0	1.2	8.8	–	–	10.1
Vinci PIPE FIA	Public Equities	–	25.0	–	25.0	–	–	24.3
Total		–	1,067.8	17.9	374.1	6.6	65.2	362.2

Reconciliation and Disclosures

Non-GAAP Reconciliation

(R$ thousands, unless mentioned)	2Q'22	1Q'23	2Q'23	2Q'22 YTD	2Q'23 YTD

OPERATING PROFIT	49,314	50,285	56,145	95,273	106,430
(-) Net revenue from realized performance fees	(3,839)	(1,963)	(10,765)	(6,375)	(12,728)
(-) Net revenue from unrealized performance fees	–	–	–	(636)	–
(+) Compensation allocated in relation to performance fees	1,427	733	5,368	2,459	6,101
FEE RELATED EARNINGS (FRE)	46,902	49,055	50,748	90,720	99,803

OPERATING PROFIT	49,314	50,285	56,145	95,273	106,430
(-) Net revenue from management fees	(89,271)	(95,877)	(92,769)	(176,500)	(188,646)
(-) Net revenue from advisory	(6,659)	(4,468)	(14,050)	(10,333)	(18,518)
(+) Bonus related to management and advisory	17,267	18,062	21,049	34,539	39,111
(+) Personnel expenses	6,233	7,164	7,577	12,782	14,741
(+) Other general and administrative expenses	4,178	3,458	5,036	8,681	8,494
(+) Corporate center expenses	21,350	22,606	22,410	40,111	45,016
PERFORMANCE RELATED EARNINGS (PRE)	2,412	1,230	5,397	4,552	6,627

OPERATING PROFIT	49,314	50,285	56,145	95,273	106,430
(-) Net revenue from unrealized performance fees	–	–	–	(636)	–
(+) Compensation allocated in relation to unrealized performance fees	–	–	–	225	–
(+) Realized gain from GP investment income	4,926	5,881	4,179	6,971	10,060
SEGMENT DISTRIBUTABLE EARNINGS	54,240	56,166	60,324	101,833	116,490

NET INCOME	46,398	32,706	91,552	91,704	124,258
(-) Net revenue from unrealized performance fees	–	–	–	(636)	–
(+) Income tax from unrealized performance fees	–	–	–	73	–
(+) Compensation allocated in relation to unrealized performance fees	–	–	–	225	–
(-) Unrealized gain from GP investment income	12,137	26,081	(30,472)	18,351	(4,391)
(+) Income tax on unrealized gain from GP investment income	(55)	–	10	(55)	10
(-) Unrealized gain from financial income	(1,192)	–	(0)	(904)	(0)
(+) Income tax on unrealized gain from financial income	(65)	–	–	–	–
(-) Contingent consideration (earn-out) gain (loss), after-tax	–	(2,674)	4,804	–	2,130
(+) Depreciation and amortization³	976	1,778	2,028	1,960	3,806
(+) Share Based Plan	2,468	2,107	2,248	3,204	4,355
(-) Income Taxes on Share Based Plan	(233)	8	199	(233)	207
(+) Non-operational expenses including income tax related to realized expense	635	–	–	5,072	–
ADJUSTED DISTRIBUTABLE EARNINGS	61,070	60,006	70,369	118,762	130,375

TOTAL NET REVENUE FROM SERVICES RENDERED	99,769	102,308	117,584	193,844	219,892
(-) Net revenue from realized performance fees	(3,839)	(1,963)	(10,765)	(6,375)	(12,728)
(-) Net revenue from unrealized performance fees	–	–	–	(636)	–
NET REVENUE FROM MANAGEMENT FEES AND ADVISORY	95,930	100,345	106,819	186,833	207,164

Effective Tax Rate Reconciliation

(R$ thousands, unless mentioned)	2Q'22	2Q'23	2Q'22 YTD	2Q'23 YTD
Profit (loss) before income taxes	58,109	103,396	115,154	148,983
Combined statutory income taxes rate - %	34%	34%	34%	34%
Income tax benefit (Expense) at statutory rates	(19,757)	(35,154)	(39,152)	(50,654)
Reconciliation adjustments:
Expenses not deductible	(9)	(2)	(27)	(64)
Tax benefits	30	7	65	42
Share based payments	(70)	(224)	(156)	(253)
Effect of presumed profit of subsidiaries¹ and offshore subsidiaries^lii	7,951	23,410	15,665	26,072
Other additions (exclusions), net	144	119	155	132
Income taxes expenses	(11,711)	(11,844)	(23,450)	(24,725)
Current	(12,886)	(14,605)	(25,557)	(27,122)
Deferred	1,175	2,761	2,107	2,397
Effective tax rate	20%	11%	20%	17%

Balance Sheet Results

Assets	3/31/2023	6/30/2023
Current assets
Cash and cash equivalents	101,202	153,992
Cash and bank deposits	22,928	31,403
Financial instruments at fair value through profit or loss	78,274	122,589
Financial instruments at fair value through profit or loss	1,177,357	1,182,812
Trade receivables	60,352	66,312
Sub-leases receivable	1,587	3,909
Taxes recoverable	1,766	1,921
Other assets	20,150	14,505
Total current assets	1,362,414	1,423,451

Non-current assets
Financial instruments at fair value through profit or loss	6,181	6,423
Trade receivables	17,116	16,904
Sub-leases receivable	1,080	3,149
Taxes recoverable	3,497	294
Deferred taxes	10,257	10,721
Other receivables	947	928
	39,078	38,419

Property and equipment	11,728	12,980
Right of use - Leases	67,165	60,054
Intangible assets	191,777	193,956
Total non-current assets	309,748	305,409

TOTAL	1,672,162	1,728,860

Liabilities and equity	3/31/2023	6/30/2023
Current liabilities
Trade payables	521	438
Deferred Revenue	17,219	–
Leases	24,381	24,381
Accounts payable	6,201	7,338
Labor and social security obligations	25,228	52,689
Loans and Obligations	10,323	22,207
Taxes and contributions payable	16,110	19,292
Total current liabilities	99,983	126,345

Non-current liabilities
Accounts payable	–	–
Leases	58,144	54,085
Labor and social security obligations	3,120	2,906
Loans and Obligations	158,908	158,206
Deferred taxes	9,720	7,423
Retirement plans liabilities		13,401
	229,892	236,021

Total liabilities	329,875	362,366

Equity
Share capital	15	15
Additional paid-in capital	1,382,038	1,379,255
Treasury shares	(132,966)	(154,247)
Retained Earnings	65,032	113,122
Other reserves	25,186	25,556
	1,339,305	1,363,701

Non-controlling interests in the equity of subsidiaries	2,982	2,793

Total equity	1,342,287	1,366,494

Total liabilities and equity	1,672,162	1,728,860

Forward-Looking Statements

This earnings release contains forward-looking statements that can be identified by the use of words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements included herein speak only as at the date of this press release and we do not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time.

ⁱ Adjusted Distributable Earnings is calculated as Distributable Earnings less non-operational expenses.

ⁱⁱ Fee related earnings, or FRE, is a metric to monitor the baseline performance of, and trends in, our business, in a manner that does not include performance fees or investment income. We calculate FRE as operating profit less (a) net revenue from realized performance fees, less (b) net revenue from unrealized performance fees, plus (c) compensation allocated in relation to performance fees.

ⁱⁱⁱ FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year-to-date values are calculated as the sum of the last two quarters.

^iv Other financial expenses include the interest related to Vinci SPS’ acquisition.

^v Distributable Earnings is used as a reference point by our board of directors for determining the amount of earnings available to distribute to shareholders as dividends. Distributable Earnings is calculated as profit for the year, less (a) net revenue from unrealized performance fees, plus (b) income taxes from unrealized performance fees, plus (c) compensation allocated in relation to unrealized performance fees, less (d) unrealized gain from GP investment income, less (e) unrealized gain from financial income, plus (f) income taxes on unrealized gain from GP investment income, plus (g) income taxes on unrealized gain from financial income.

^vi Non-operational expenses are composed by expenses related to professional services to matters related to acquisitions and our international corporate organization.

^vii Adjusted DE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year-to-date values are calculated as the sum of the last two quarters.

^viii Net revenue from Fund Management and Advisory is a performance measure that we use to assess our ability to generate profits from our fund management and advisory business without measuring for the outcomes from funds above their respective benchmarks. We calculate Net Revenue from Fund Management and Advisory as net revenue from services rendered less (a) net revenue from realized performance fees and less (b) net revenue from unrealized performance fees.

^ix FRE Margin is calculated as FRE over total net management and advisory fees.

^x “Performance Related Earnings”, or “PRE”, is a performance measure that we use to assess our ability to generate profits from revenue that relies on outcome from funds above their respective benchmarks. We calculate PRE as operating profit, less (a) net revenue from fund management and advisory, less (b) operating expenses, such as segment personnel, G&A, corporate center and bonus related to management and advisory.

^xi Segment Distributable Earnings is Vinci Partners’ segment profitability measure used to make operating decisions and assess performance across the company’s five segments (Private Markets, Liquid Strategies, Investment Products and Solutions, Retirement Services and Financial Advisory). Segment Distributable Earnings is calculated as operating profit less (a) net revenue from unrealized performance fees, plus (b) compensation allocated in relation to unrealized performance fees, plus (c) realized gain from GP investment income.

^xii Adjusted DE Margin is calculated as adjusted DE over the sum of management and advisory fee related revenues, realized performance revenue, realized GP investment income and realized financial income, net of revenue tax.

^xiii “Total compensation and benefits” are the result of the profit sharing paid to our employees as (a) bonus compensation related to management advisory and (b) performance-based compensation.

^xiv “Other Items” comprise the income/(loss) generated by contingent consideration adjustment and financial expenses related to acquisitions.

^xv “Contingent consideration adjustment related to acquisitions”, after-tax, reflects the change in the earn out’s fair value to be paid in 2027. On June 30, 2023, Vinci revaluated the fair value of the obligation based on the economic conditions at the date, resulting in an increase of the contingent consideration fair value. The variation was recognized as a loss in the financial result.

^xvi “Segment personnel expenses” are composed of the salary-part compensation paid to employees and partners of our funds’ management teams.

^xvii “Corporate center expenses” are composed by the salary-compensation paid to employees and partners of our support teams and other expenses, such as research, risk, legal & compliance, investor relations, operations and ESG.

^xviii “Other general and administrative expenses” is made up of third-party expenses, depreciation and amortization, travel and representation, marketing expenses, administrative fees, non-operating taxes, third-party consultants’ fees, such as legal and accounting, and office consumables.

^xix “GP investment income” is income from proprietary investments made by us in our own Private Markets’ funds, used as GP Commitments.

^xx “Financial income” is income generated through the investments made with our cash and cash equivalents in cash and bank deposits, certificate of deposits and proprietary investments in our Liquid Funds from our public equities and hedge funds’ segments and listed REITs from our real estate segment.

^xxi “Leasing expenses” include costs from the company’s sub-leasing activities.

^xxii “Share Based Plan” is the composition of two benefit programs: SOP (Stok Option Plan) and RSU (Restricted Stock Units). In Stock Option Plan the company concedes to an employee the option to buy stock in the company with stated fixed price. The Restricted Stock Units concedes company shares to an employee through a vesting plan in which RSUs are assigned a fair market value.

^xxiii Income taxes is comprised of taxes on our corporate income tax and social contribution taxes. We are taxed on an actual taxable profit regime, while part of our subsidiaries is taxed based on deemed profit.

^xxiv AUM” refers to assets under management. Our assets under management equal the sum of: (1) the fair market value of the investments held by funds plus the capital that we are entitled to call from investors in those funds pursuant to the terms of their capital commitments to those funds (plus the fair market value of co-investments arranged by us that were made or could be made by limited partners of our corporate private equity funds and portfolio companies of such funds); (2) the net asset value of our public equity funds, hedge funds and closed-end mutual funds; and (3) the amount of capital raised for our credit funds. AUM includes double counting related to funds from one segment that invest in funds from another segment. Those cases occur mainly due to (a) fund of funds of investment products and solutions segment, and (b) investment funds in general that invest part of their cash in credit segment and hedge fund segment funds to maintain liquidity and provide for returns on cash. Such amounts are eliminated on consolidation. The bylaws of the relevant funds prohibit double-charging fees on AUM across segments. Therefore, while our AUM by segment may double-count funds from one segment that invest in funds from another segment, the revenues for any given segment do not include revenue in respect of assets managed by another segment, which means there are no intercompany eliminations on revenues in our results of operations.

^xxv NAV is the net asset value of each fund. For listed vehicles, the NAV represents the Market valuation of the fund.

^xxvi CDI is an average of interbank overnight rates in Brazil (daily average for the period).

^xxvii Atlas strategy comprises Atlas FIC FIM and Atlas Institucional FIC FIM.

^xxviii IPCA is a broad consumer price index measured by the IBGE.

^xxixIMAB is composed by government bonds indexed to IPCA. IMAB 5 also comprises government bonds indexed to IPCA but only the one´s with up to 5 Years duration.

^xxx Mosaico strategy comprises Vinci Mosaico FIA, Vinci Mosaico Institucional FIA and Vinci Mosaico Advisory FIA.

^xxxi IBOV is the Brazilian stock market most relevant index.

^xxxii Equilibrio Strategy comprises IP&S Family of pension plans.

^xxxiii IFIX is an index composed by listed REITs in the brazilian stock exchange.

^xxxiv If IMAB 5 Average is: a) less or equal to 2%, X=3% per year; b) between 2%-4%, X= Average IMAB 5+1% per year; c) Between 4%-5%, X=5% per year; d) greater or equal to 5%, X= IMAB 5 Average.

^xxxvTrack record information is presented throughout this release on a pro forma basis and in local currency, excluding PIPE investments, a strategy that will be discontinued in VCP III.

^xxxvi“MOIC” means multiple on invested capital, a ratio intended to represent how much value an investment has returned, and is calculated as realized value plus unrealized value, divided by the total amount invested, gross of expenses and fees.

^xxxvii “IRR” means the internal rate of return, which is a discount rate that makes the net present value of all cash flows equal to zero in a discounted cash flow analysis.

^xxxviii Total commitments for VCP III include R$1.3 billion in co-investments. Track record presented for the VCP strategy as of 1Q’23, due to fund’s administrator timeline to disclose the quarterly markup of the fund.

^xxxix Track record for VIR strategy is presented as of 1Q’23, due to fund’s administrator timeline to disclose the quarterly markup of the fund.

^xl Track record for Vinci SPS strategy is presented as of 2Q’23.

^xli Track record for FIP Infra is presented as of 1Q’23.

^xlii Track record for VIAS is presented as of 1Q’23.

^xliii Track record for VICC is presented as of 1Q’23.

^xliv Track record for VFDL is presented as of 2Q’23.

^xlv Track record for Vinci Credit Infra is presented as of 2Q’23.

^xlvi US$ Distributable Earnings was calculated considering the exchange rate from USD to BRL of 4.9245 as of August 08, 2023, when dividends were approved by our Board of Directors.

^xlvii Per Share calculations are based on end of period Participating Common Shares.

^xlviii Actual dividends per common share are calculated considering the share count as of the applicable record date.

^xlix As of June 30, 2023, Public Float was comprised of 12,809,281 Class A common shares.

^l The remaining capital committed in FIP Infra Transmissão co-investment will not be called by the fund, which is already in divestment period.

^liThe remaining capital committed in FIP Infra Transmissão will not be called by the fund, which is already in divestment period.

^liiBrazilian tax law establishes that companies that generate gross revenues of up to R$ 78,000.00 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the presumed profit income tax regime. The Entity's subsidiaries adopted this tax regime and the effect of the presumed profit of subsidiaries represents the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to the taxable profit of the subsidiaries.

RIO DE JANEIRO

55 21 2159 6000

Av. Bartolomeu Mitre, 336

Leblon - 22431-002

SÃO PAULO

55 11 3572 3700

Av. Brigadeiro Faria Lima, 2.277 – 14º andar

Jardim Paulistano - 01452-000

55 11 3230 2541 | Vinci SPS

Rua Iguatemi, 448 – CJ 601

Itaim Bibi - 01451-010

55 16 2101 4641 | Ribeirão Preto

Av. Presidente Vargas, 2.121 – Sala 106

Jardim América - 14020-260

RECIFE

55 81 3204 6811

Av. República do Líbano, 251 - Sala 301 - Torre A

Pina - 51110-160

NEW YORK

1 646 559 8000

780 Third Avenue, 25th Floor

10017

RIO DE JANEIRO

55 21 2159 6000

Av. Bartolomeu Mitre, 336

Leblon - 22431-002

SÃO PAULO

55 11 3572 3700

Av. Brigadeiro Faria Lima, 2.277 – 14º andar

Jardim Paulistano - 01452-000

55 11 3230 2541 | Vinci SPS

Rua Iguatemi, 448 – CJ 601

Itaim Bibi - 01451-010

55 16 2101 4641 | Ribeirão Preto

Av. Presidente Vargas, 2.121 – Sala 106

Jardim América - 14020-260

RECIFE

55 81 3204 6811

Av. República do Líbano, 251 - Sala 301 - Torre A

Pina - 51110-160

NOVA YORK

1 646 559 8000

780 Third Avenue, 25th Floor

10017

Exhibit 99.3

Vinci Partners Investments Ltd.

Interim Consolidated Financial Statements as of June 30, 2023

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Assets	Note	06/30/2023	12/31/2022

Current assets
Cash and cash equivalents	5(d)	153,992	136,581
Cash and bank deposits	5(d)	31,403	30,108
Financial instruments at fair value through profit or loss	5(d)	122,589	106,473
Financial instruments at fair value through profit or loss	5(c)	1,182,812	1,243,764
Accounts receivable	5(a)	66,312	57,675
Sub-leases receivable	10	3,909	1,500
Taxes recoverable		1,921	1,555
Other assets	6	14,505	16,481
Total current assets		1,423,451	1,457,556

Non-current assets
Financial instruments at fair value through profit or loss	5(c)	6,423	5,985
Accounts receivable	5(a)	16,904	17,298
Sub-leases receivable	10	3,149	1,343
Taxes recoverable		294	3,141
Deferred taxes	20	10,721	9,241
Other assets	6	928	1,065
		38,419	38,073

Property and equipment	8	12,980	11,951
Right of use - Leases	10	60,054	70,136
Intangible assets	9	193,956	189,238
Total non-current assets		305,409	309,398

Total assets		1,728,860	1,766,954

The accompanying notes are an integral part of these interim consolidated financial statements.

F-2

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Liabilities and equity	Note	06/30/2023	12/31/2022

Current liabilities
Trade payables		438	1,247
Leases	10 and 5(e)	24,381	24,147
Accounts payable	11	7,338	7,328
Labor and social security obligations	12	52,689	87,732
Loans and obligations	14	22,207	13,168
Taxes and contributions payable	13	19,292	22,291
Total current liabilities		126,345	155,913

Non-current liabilities
Leases	10 and 5(e)	54,085	62,064
Labor and social security obligations	12	2,906	2,968
Loans and obligations	14	158,206	162,122
Deferred taxes	19	7,423	8,340
Retirement plans liabilities	15	13,401	-
Total non-current liabilities		236,021	235,494

Total liabilities		362,366	391,407

Equity	16
Share capital		15	15
Additional paid-in capital		1,379,255	1,382,038
Treasury shares	16(f)	(154,247)	(114,978)
Retained earnings		113,122	81,310
Other reserves		25,556	24,149
		1,363,701	1,372,534

Non-controlling interests in the equity of subsidiaries	7(b)	2,793	3,013

Total equity		1,366,494	1,375,547

Total liabilities and equity		1,728,860	1,766,954

The accompanying notes are an integral part of these interim consolidated financial statements.

F-3

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

		Six months ended June 30		Three months ended June 30
Statements of Income	Note	2023	2022	2023	2022


Net revenue from services rendered	17	219,892	193,844	117,584	99,769

General and administrative expenses	18	(119,062)	(107,847)	(64,932)	(53,886)

Operating profit		100,830	85,997	52,652	45,883

Finance income	19	69,354	37,679	65,101	14,687
Finance expenses	19	(21,201)	(8,522)	(14,357)	(2,461)

Finance profit/(loss), net		48,153	29,157	50,744	12,226

Profit before income taxes		148,983	115,154	103,396	58,109

Income taxes	20	(24,725)	(23,450)	(11,844)	(11,711)

Profit for the period		124,258	91,704	91,552	46,398

Attributable to the shareholders of the parent company		124,478	91,709	91,741	46,400
Attributable to non-controlling interests		(220)	(5)	(189)	(2)

Basic earnings per share in Brazilian Reais		2.20	1.62	1.62	0.82
Diluted earnings per share in Brazilian Reais		2.17	1.61	1.60	0.81

The accompanying notes are an integral part of these interim consolidated financial statements.

F-4

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022

Profit for the period	124,258	91,704	91,552	46,398

Other comprehensive income
Items that may be reclassified to profit or loss:
Foreign exchange variance of investees
Vinci Capital Partners GP Limited	(9)	(11)	(6)	27
Vinci USA LLC	(2,502)	(844)	(1,633)	1,242
Vinci Capital Partners III GP Limited	(65)	4	(43)	33
GGN GP LLC	(8)	(8)	(5)	11
VICC Infra GP LLC	(12)	16	(8)	16
Vinci Capital Partners IV GP LLC	(160)	-	(112)	-

Total comprehensive income for the period	121,502	90,861	89,745	47,727

Attributable to:
Shareholders of the parent company	121,722	90,866	89,934	47,729
Non-controlling interests	(220)	(5)	(189)	(2)

	121,502	90,861	89,745	47,727

The accompanying notes are an integral part of these interim consolidated financial statements.

F-5

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

	Share	Additional	Retained	Other	Treasury		Non-controlling	Total
	capital	paid-in capital	earnings	reserves	shares	Total	interests	equity


At January 01, 2022	15	1,382,038	70,183	15,182	(52,585)	1,414,833	43	1,414,876

Profit for the period	-	-	91,709	-	-	91,709	(5)	91,704
Other comprehensive income:
Foreign exchange variation of investee located abroad	-	-	-	(843)	-	(843)	(2)	(845)
Share based payments	-	-	-	2,728	-	2,728	-	2,728
Treasury shares bought	-	-	-	-	(35,840)	(35,840)	-	(35,840)
Allocation of profit:
Dividends	-	-	(103,665)	-	-	(103,665)	-	(103,665)


At June 30, 2022	15	1,382,038	58,227	17,067	(88,425)	1,368,922	36	1,368,958


At January 01, 2023	15	1,382,038	81,310	24,149	(114,978)	1,372,534	3,013	1,375,547

Profit for the period	-	-	124,478	-	-	124,478	(220)	124,258
Other comprehensive income:
Foreign exchange variation of investee located abroad	-	-	-	(2,756)	-	(2,756)	-	(2,756)
Share based payments	-	(2,783)	-	4,163	2,783	4,163	-	4,163
Treasury shares bought	-	-	-	-	(42,052)	(42,052)	-	(42,052)
Allocation of profit:
Dividends	-	-	(92,666)	-	-	(92,666)	-	(92,666)


At June 30, 2023	15	1,379,255	113,122	25,556	(154,247)	1,363,701	2,793	1,366,494

The accompanying notes are an integral part of these interim consolidated financial statements.

F-6

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

	Notes	Six months ended June 30
		2023	2022
Cash flows from operating activities

Profit before taxation	17	148,983	115,154
Adjustments to reconcile net income to cash flows from operations:
Depreciation and amortization		8,997	7,258
Investment income of financial instruments at fair value through profit or loss		(49,079)	(31,941)
Interest expense on loans and obligations	18	7,838	-
Interest on contingent consideration	18	3,227	-
Share based payments	17	5,600	2,728
Financial result on lease agreements	18	4,888	4,661
		130,454	97,860
Changes in assets and liabilities

Accounts receivables		(8,243)	(1,682)
Taxes recoverable		2,481	(1,324)
Other assets		2,117	(6,028)
Trade payables		(810)	(518)
Accounts payable		1,137	43
Labor and social security obligations		(36,541)	(61,988)
Taxes and contributions payable		(575)	(1,571)
Contributions for retirements plans		13,226	-
		(27,208)	(73,068)

Cash generated from operations		103,246	24,792
Income tax paid		(29,426)	(29,603)
Net cash inflow (outflow) from operating activities		73,820	(4,811)

Cash flows from investing activities
Purchases of property and equipment and additions to intangible assets		(9,829)	(1,160)
Purchase of financial instruments at fair value through profit or loss		(56,061)	(69,856)
Sales of financial instruments at fair value through profit or loss		165,829	186,643

Net cash inflow from investing activities		99,939	115,627

Cash flows from financing activities
Interest payments of loans and obligations		(5,943)	-
Treasury shares acquisition paid		(42,540)	(37,062)
Lease payments, net of sublease received		(11,938)	(11,358)
Dividends paid		(91,502)	(104,153)
Net cash (outflow) from financing activities		(151,923)	(152,573)

Net increase (decrease) in cash and cash equivalents		21,836	(41,757)

Cash and cash equivalents at the beginning of the period	5(d)	136,581	102,569

Foreign exchange variation of cash and cash equivalents in subsidiaries abroad		(4,425)	(3,032)

Cash and cash equivalents at the end of the period (Note 5d)	5(d)	153,992	57,780

Non-cash financing activities

Dividends declared and not yet paid until June 30, 2023 and 2022 were R$ 3,791 and R$ 4,363 (Note 11), respectively.

The accompanying notes are an integral part of these interim consolidated financial statements.

F-7

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Operations

Vinci Partners Investments Ltd. Is an exempted company incorporated in the Cayman Islands (referred to herein as “Entity”, “Group” or “Vinci”). The Group started its activities in September 2009. Its objective is to hold investments in the capital of other companies as partner (shareholder). The investees are specialized in rendering alternative investment management, asset allocation and financial advisory services.

The registered office of the Entity is at Harneys Fiduciary (Cayman) Limited, 4^th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands.

Summary of significant accounting policies

2.1

Basis of preparation and presentation

The unaudited interim condensed consolidated financial statements (herein referred to “interim consolidated financial statements”) have been prepared in accordance with IAS 34 Interim Financial Reporting as issued by the International Accounting Standards Board (“IASB”).

The unaudited interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the Group’s annual consolidated financial statements as of December 31, 2022.

The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period.

The unaudited interim condensed consolidated financial statements are presented in Brazilian reais (“R$”), and all amounts disclosed in the financial statements and notes have been rounded off to the nearest thousand currency units unless otherwise stated.

The issuance of these financial statements was authorized by the Entity's management on August 10, 2023.

(a)

Interim consolidated financial statements

Vinci operates as an asset management firm. The Group focuses on private markets, liquid strategies, financial advisory, investment products and solutions, and retirement services, which comprise the main activity of the Group.

The Group controls an entity where the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity.

Also, the Entity holds interest in subsidiaries whose main purpose and activities are providing services that relate to the Entity’s activities. Therefore, the Entity consolidates these subsidiaries.

Ownership interest in subsidiaries on June 30, 2023 and December 31, 2022 are as follows:

F-8

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

	Interest - %

	06/30/2023	12/31/2022

Subsidiaries
Vinci Partners Investimentos Ltda.	100	100
Vinci Assessoria financeira Ltda. (1)	100	100
Vinci Equities Gestora de Recursos Ltda. (1)	100	100
Vinci Gestora de Recursos Ltda. (1)	100	100
Vinci Capital Gestora de Recursos Ltda. (1)	100	100
Vinci Soluções de Investimentos Ltda. (2)	100	100
Vinci Real Estate Gestora de Recursos Ltda. (1)	100	100
Vinci Capital Partners GP Limited.	100	100
Vinci Partners USA LLC	100	100
Vinci GGN Gestão de Recursos Ltda. (1)	100	100
Vinci Infraestrutura Gestora de Recursos Ltda.	100	100
Vinci Capital Partners GP III Limited.	100	100
GGN GP LLC	100	100
Amalfi Empreendimentos e Participações S.A.	-	100
Vinci APM Ltda. (1)	100	100
Vinci Monalisa FIM Crédito Privado IE (3)	100	100
Vinci Asset Allocation Ltda.	75	75
VICC Infra GP LLC	100	100
Vinci Capital Partners IV GP LLC	100	100
Vinci Holding Securitária Ltda.	85	85
Vinci Vida e Previdência S.A. (4)	85	85
SPS Capital Gestão de Recursos Ltda. (5)	100	100
VICC Infra GP (Lux), S.A.R.L.	100	-

(1)

Minority interest represents less than 0.001%.

(3)

Under the terms of IFRS 10, the Entity does not consolidate its investment in Vinci Monalisa FIM Crédito Privado IE and measures at fair value through profit or loss in accordance with IFRS 9.

(4)

Vinci has an indirect interest at Vinci Vida e Previdência of 85% through its subsidiary Vinci Holding Securitária Ltda., which holds 100% of ownership interest at Vinci Vida e Previdência.

(5)

On 16 August 2022, Vinci Soluções de Investimentos Ltda. acquired 90% of the issued share capital of SPS Capital Gestão de Recursos Ltda. The acquisition gives to Vinci Soluções de Investimentos the right of 100% on the economic interest of SPS Gestão de Recursos Ltda.

Subsidiaries are all entities (including structured entities) over which the Group has control. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases.

Inter-company transactions, balances and unrealized gains on transactions between Group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.

Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated balance sheet respectively.

F-9

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognized in another reserve within equity attributable to owners of Entity.

When the Group ceases to consolidate an investment or account for it under equity method because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognized in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss.

2.2

Segment reporting

During January 2021, the members of the Board of Directors of Vinci Partners Investments Ltd were appointed. Under the supervision of the Board of Directors, the CEO is responsible for the decision-making process related to executive themes, resources allocation and strategic decisions of Vinci.

The strategic decisions of the Group comprise five distinct business segments: (i) Private market strategies, (ii) Liquid strategies, (iii) Investment products and solutions; (iv) Financial advisory and (v) Vinci retirement services (Note 20).

Strategies were sorted out within business segments following technical and strategic similarities among funds’ attributes, such as management and performance fee structures, liquidity constraints, targeted returns and investor profile.

Accounting estimates and judgments

The Entity makes estimates and assumptions concerning the future, based on historical experience and other factors, including expectations of future events. The resulting accounting estimates will, by definition, seldom equal the related actual results. The main estimations and assumptions made by the Entity is included as follow:

•

Allowance of expected credit losses of accounts receivable.

•

Provision for profit sharing.

•

Consolidation of subsidiaries.

•

Fair value measurement of financial assets.

•

Provision for contingent liabilities.

•

Impairment for goodwill and other intangible assets.

•

Fair value measurement of contingent consideration.

•

Fair value of share-based payments.

Financial risk management

The main risks related to the financial instruments are credit risk, market risk, and liquidity risk, as defined below. The management of such risks involves various levels in the Entity and comprehends a number of policies and strategies. The Group's risk management focuses on the unpredictability of financial markets and seeks to mitigate potential adverse impacts on the Group's financial performance.

4.1

Financial risk factors

This note explains the Group's exposure to financial risks and how these risks could affect the Group's future financial performance. Current year profit and loss information has been included where relevant to add further context.

F-10

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

The Group's risk management is predominantly controlled by a risk assessment department under process and controls approved by the management. The management provides written process and controls for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess liquidity.

(a)

Credit risk

Credit risk arises from cash and cash equivalents, contractual cash flows of debt investments carried at amortized cost, at fair value through profit or loss (FVTPL), and deposits with banks and financial institutions, as well as credit exposures to wholesale and retail customers, including outstanding receivables.

(i) Risk management

Vinci's treasury manages credit risk on a group basis. As of June 30, 2023, and 2022 the expected credit losses are considered immaterial due to the short maturities of the deposits and the credit quality of the main counterparty, which have a credit rating AAA evaluated by Fitch Ratings. The Entity has not suffered any losses from cash and cash equivalent since inception. Vinci's treasury review expected credit losses on a regular basis.

(ii) Impairment of financial assets

The Group has the following types of financial assets that are subject to the expected credit loss model:

•

Accounts receivable.

•

Debt investments carried at amortized cost.

While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the expected impairment loss was immaterial.

(b)

Market risk

(i)

Foreign exchange risk

At the reporting date, the carrying amount value of the Group’s financial assets and liabilities exposed to US Dollars were as follows:

Balance sheet	06/30/2023	12/31/2022

Cash and cash equivalents	31,318	30,087
Accounts receivable	7,668	13,823
Other receivables	1,867	1,618
Current assets	40,853	45,528

Leases, property and equipment	2,846	3,596
Non-current assets	2,846	3,596

Trade payables	1,476	1,657
Labor and social security obligations	1,607	7,295
Current liabilities	3,083	8,952

Payables to related parties	-	608
Other payables	241	-
Lease	1,385	1,973
Non-current liabilities	1,626	2,581

Net Equity	38,990	37,591

F-11

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

The aggregate net foreign exchange gains/losses recognized in profit or loss were:

	Six months ended June 30		Three months ended June 30
Net foreign exchange result for the period	2023	2022	2023	2022

Financial revenue	-	2,086	-	444
Financial expense	(775)	(2,986)	(620)	-

Net foreign exchange result, net	(775)	(900)	(620)	444

The Group operates internationally and is exposed to foreign exchange risk, exclusively the US dollar.

Foreign exchange risk arises from future commercial transactions and recognized assets and liabilities denominated in a currency that is not the functional currency of the Group.

(ii) Interest rate risk

The Group's profit or loss is sensitive to higher/lower interest income from cash equivalents and fixed income funds as a result of changes in interest rates.

(iii) Price risk

The Group's exposure to investment securities price risk arises from investments held by the group and classified in the balance sheet at fair value through profit or loss (note 5).

To manage its price risk arising from investments in investment securities, the Group diversifies its portfolio. Diversification of the portfolio is done in accordance with the limits set by the Group.

The majority of the Group's financial investments that are exposed to significant price risk are the private equity investments and investments held by Monalisa FIM. Note 5(d) demonstrates the sensitivity analyses of impact for the assets held by the Group.

(c)

Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions. At the end of the reporting period the Group held bank deposits and certificates of deposits of R$ 153,992 (12/31/2022 – R$ 136,581) that are expected to readily generate cash inflows for managing liquidity risk.

Net debt reconciliation

This section sets out an analysis of net debt and the movements in net debt for each of the years presented.

	06/30/2023	12/31/2022
Cash and cash equivalents	153,992	136,581
Financial instruments at fair value through profit or loss (i)	1,182,812	1,243,764
Trade payables	(438)	(1,247)
Labor and social security obligations	(55,595)	(90,700)
Accounts payable	(7,336)	(7,328)

F-12

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Lease liabilities	(78,466)	(86,211)
Commercial Notes	(82,875)	(83,212)
Consideration payable	(45,812)	(43,579)
Contingent consideration	(51,725)	(48,499)
Retirement plans liabilities	(13,401)	-
Net debt	1,001,156	1,019,569

(i)

Comprised of liquid and illiquid investments. Liquid investments are current assets that are traded in an active market. Illiquid investments are comprised of assets that trade infrequently.

	Financial liabilities				Other assets
	Payables	Loans and obligations	Retirement plans	Lease liabilities	Cash and cash equivalents	Financial instruments at fair value through profit or loss
Net debt as at
December 31, 2021	(117,807)	-	-	(85,544)	102,569	1,372,926

Cash flow and dividends provision	18,532	-	-	24,440	26,599	(215,046)

Fair value adjustment	-	-	-	-	7,413	85,884
Addition and finance expenses accrual	-	(175,290)	-	(25,197)	-	-
Foreign exchange adjustments	-	-	-	-	-	-
Other changes (i)	-	-	-	90	-	-
December 31, 2022	(99,275)	(175,290)	-	(86,211)	136,581	1,243,764

Cash flow and dividends provision	35,906	-	(13,226)	12,765	12,100	(119,370)

Fair value adjustment	-	-	(175)	-	5,311	58,418
Addition and finance expenses accrual	-	(5,122)	-	(5,148)	-	-
Foreign exchange adjustments	-	-	-	-	-	-
Other changes (i)	-	-	-	128	-	-
June 30, 2023	(63,369)	(180,412)	(13,401)	(78,466)	153,992	1,182,812

(i) Other changes include non-cash movements, including Cumulative Translation Adjustments (“CTA”) which will be presented as in other comprehensive income statements.

Maturities of financial liabilities

Except for the retirement plans liabilities, the tables below analyze the Group's financial liabilities into relevant maturity groupings based on their contractual maturities for significant financial liabilities.

Contractual maturities of financial liabilities at June 30, 2023	Less than 1 year	Between 1 and 3 years	Over 3 years	Total	Carrying amount

Trade payables	(438)	-	-	(438)	(438)

F-13

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Labor and social security obligations	(52,689)	(2,906)	-	(55,595)	(55,595)
Lease liabilities	(24,381)	(39,382)	(39,303)	(103,066)	(78,466)
Accounts payable	(7,336)	-	-	(7,336)	(7,336)
Loans and financing	(20,876)	(104,761)	(94,116)	(219,753)	(180,412)
Total	(105,720)	(147,049)	(133,419)	(386,188)	(322,247)

Contractual maturities of financial liabilities at December 31, 2022	Less than 1 year	Between 1 and 3 years	Over 3 years	Total	Carrying amount

Trade payables	(1,247)	-	-	(1,247)	(1,247)
Labor and social security obligations	(87,732)	(2,968)	-	(90,700)	(90,700)
Lease liabilities	(24,147)	(45,878)	(43,356)	(113,381)	(86,211)
Accounts payable	(7,328)	-	-	(7,328)	(7,328)
Loans and financing	(20,876)	(104,761)	(90,890)	(216,527)	(175,290)
Total	(141,330)	(153,607)	(134,246)	(429,183)	(360,776)

(d)

Sensitivity analysis

The Group monitors and evaluates the market risk related to its financial investments portfolio periodically to assess its volatility, through changes that can significantly impact its financial results. Considering a period of one day and the historical results over the past year, the following Value at Risk (VAR) parameters were used:

●

0.24% (or R$ 3.0 million) of the financial investment portfolio for a confidence interval of 95% on June 30, 2023 (0.18% or R$ 2.4 million on December 31, 2022).

●

0.41% (or R$ 5.2 million) of the financial investment portfolio for a confidence interval of 99% on June 30, 2023 (0.30% or R$ 3.95 million on December 31, 2022).

Additionally, the Group evaluated the financial investment portfolio on June 30, 2023 and December 31, 2022, through stress scenarios according to the main risk factors related to its investments, as presented in the table below:

			Financial Impact ()**
Risk Factor	Variation in	*Stress Scenario ()**	06/30/2023	12/31/2022
Current inflation	Inflation index	-100bps	11.9	1.6
Exchange traded real estate funds	Share prices	-10%	(17.8)	(17.9)
Brazilian stock prices	Share prices	-10%	(7.0)	(5.8)
Fixed-rate offshore rates	US yield curve	-100bps	(2.1)	(1.8)
Foreign exchange rate	Foreign exchange rates	10% (***)	5.4	4.1
Domestic base overnight rate	Domestic base overnight rate	-100bps	(5.8)	(6.9)

(*) bps - basis point (1bps = 0,01%)

(**) In millions of Brazilian reais

(***) Brazilian reais devaluation against US Dollars

An equal change in the opposite direction of the stress scenario would have affected the financial investment portfolio by a similar amount, on the basis that all other variables remain constant.

Financial instruments

F-14

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

This note provides information about the group's financial instruments, including:

- an overview of all financial instruments held by the Group

- specific information about each type of financial instrument

- accounting policies

- information about determining the fair value of the instruments, including judgements and estimation uncertainty involved.

The Group classifies its financial assets in the following measurement categories:

●

those measured at fair value or through profit or loss, and

●

those measured at amortized cost.

The classification depends on the entity's business model for managing the financial assets and the contractual terms of the cash flows.

For assets measured at fair value, gains and losses will be recorded in profit or loss.

Recognition and derecognition

Regular way purchases and sales of financial assets are recognized on trade date, being the date on which the group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.

Measurement

At initial recognition, the group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss.

The Group holds the following financial instruments:

Financial assets	Section	06/30/2023	12/31/2022

Accounts receivable	(a)	83,216	74,973
Other financial assets at amortized cost	(b)	5,296	6,356
Cash and cash equivalents	(d)	153,992	136,581
Financial assets at fair value through profit or loss (FVPL)	(c)	1,189,235	1,249,749
		1,431,739	1,467,659

Financial liabilities

Liabilities at amortized cost	(e)	63,369	99,275
Lease liabilities	(e)	78,466	86,211
Loans and financing	(e)	180,413	175,290
		322,248	360,776

The Group's exposure to risks associated with the financial instruments is discussed in Note 4. The maximum exposure to credit risk at the end of the reporting period is the carrying amount of each class of financial assets mentioned above.

F-15

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Accounts receivable

Current assets	06/30/2023	12/31/2022
Accounts receivable from contracts with customers	66,478	57,841
Loss allowance	(166)	(166)

Non-current assets
Accounts receivable from contracts with customers	16,904	17,298
	83,216	74,973

Accounts receivables are recognized initially at the amount of consideration that is unconditional and are not submitted to any financial components. They are subsequently measured at amortized cost, less loss allowance.

Current accounts receivable are amounts due from customers for services performed in the ordinary course of business. They are generally due for settlement within 30 days and are therefore classified as current in its entirety. Due to the short-term nature of the current receivables, their carrying amount is considered to be the same as their fair value.

Non-current accounts receivable are unrealized performance fees that management, with accumulated experience, estimate that it is highly probable that a significant reversal will not occur.

The Entity use a provision matrix to calculate expected credit losses and the exposure to credit risk from receivables are reviewed on a regular basis. Accounts receivable allowance for expected credit losses are presented in general and administrative expense.

The loss allowances for accounts receivable as of June 30, 2023 and December 31, 2022 reconcile to the opening loss allowances as follows:

	06/30/2023	12/31/2022
Opening loss allowance on January 1	(166)	(170)
Increase in accounts receivable allowance recognized in profit or loss	-	4
Closing loss allowance on June 30 / December 31	(166)	(166)

Accounts receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, among others, the failure of a debtor to engage in a repayment plan with the group, and a failure to make contractual payments. The Entity has not written any amount of accounts receivable during 2023 and 2022. Subsequent recoveries of amounts previously written off are credited against the same line item.

Other financial assets at amortized cost

Financial assets at amortized cost refer to the following debt instruments:

				06/30/2023		12/31/2022

F-16

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Employees loans (Note 6 (i))

5,296

6,356

These amounts generally arise from transactions outside the usual operating activities of the group. Interest may be charged at commercial rates and collateral is not normally obtained.

All the financial assets at amortized cost are denominated in Brazilian currency units. As a result, there is no exposure to foreign currency risk. There is also no exposure to price risk as the investments will be held to maturity.

See note 6 for more details.

Financial assets at fair value through profit or loss

The group classifies the following financial assets at fair value through profit or loss (FVPL):

Mutual funds;

Private markets funds.

Financial assets measured at FVPL include the following categories:

	06/30/2023	12/31/2022

Current assets	1,182,812	1,243,764
Mutual funds	1,182,812	1,243,764

Non-current assets	6,423	5,985
Private markets funds	6,423	5,985

The following tables demonstrate the funds invested included in each category mentioned above.

Mutual funds
	06/30/2023	12/31/2022

Vinci Monalisa FIM Crédito Privado IE (2)	1,111,273	1,057,547
Vinci Multiestratégia FIM	30,086	165,339
Vinci International Master Portfolio SPC - Reflation SP	11,957	12,824
Vinci Asset Allocation FIC FI RF DI (1)	5,321	-
Vinci Vida e Previdencia Equilibrio FIC FIM (1)	6,713	-
Vinci Optimum FIC FIM CP (1)	1,367	-
Vinci Reservas Técnicas FI RF DI	2,072	-
FI Vinci Renda Fixa CP	14,023	8,054
	1,182,812	1,243,764

Private markets
	06/30/2023	12/31/2022

Vinci Capital Partners III Feeder FIP Multiestratégia	3,805	3,351
Nordeste III FIP Multiestratégia	2,618	2,634
Total Private markets funds	6,423	5,985

(1) These funds refer to the financial products as part of the Company's retirement plans services. See Note 15 for further information.

(2) Vinci Monalisa FIM Crédito Privado IE (“Vinci Monalisa”) is a mutual fund incorporated in Brazil and wholly owned by the Company. Vinci Monalisa’s balances are the following:

F-17

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

	06/30/2023	12/31/2022
Net Asset Value	1,111,273	1,057,547
Real estate funds	231,118	220,617
Mutual funds	795,664	743,479
Private equity funds	77,950	70,367
Other assets/liabilities	6,541	23,084

The Vinci Monalisa’s portfolio is comprised of liquid and illiquid investee funds with different redemption criteria. Over 84% of its investments are liquid and may be redeemed and 16% are non-redeemable investments. The following tables demonstrate the funds invested by Vinci Monalisa:

Mutual funds

Vinci Monalisa holds investments in several mutual funds to seek profitability through investments in various classes of financial assets such as fixed income assets, Brazilian government bonds, public equities, derivatives financial instruments, investment funds and other short-term liquid securities. As of June 30, 2023, and December 31, 2022, Vinci Monalisa holds R$ 795,664 and R$ 743,479 of investments in mutual funds, respectively, which are distributed in the following classification:

	06/30/2023	12/31/2022
Mutual Funds’ classification
Interest and foreign exchange (a)	80.18%	72.79%
Unrestricted investments (b)	5.20%	11.83%
Foreign investments (c)	5.60%	6.20%
Macro (d)	3.10%	3.16%
Specific strategy (e)	5.92%	6.02%
	100.00%	100.00%

(a)

Funds that seek long-term returns via investments in fixed-income assets, admitting strategies that imply interest risk, price index risk and foreign currency risk.

(b)

Funds without commitment to concentration in any specific strategy.

(c)

Funds that invest in financial assets abroad in a portion greater than 40% of their net asset values.

(d)

Funds that operate in various asset classes (fixed income, variable income, foreign exchange, etc.), with investment strategies based on medium and long-term macroeconomic scenarios.

(e)

Funds that adopt an investment strategy that involves specific risks, such as commodities, futures of index, etc.

Real Estate funds
	06/30/2023	12/31/2022

Vinci Credit Securities FII (i)	72,718	75,720
Vinci Imóveis Urbanos FII (ii)	56,444	53,346
Vinci Offices FII (iii)	42,592	43,163
Other real estate funds (iv)	59,364	48,388
	231,118	220,617

(i) The fund invests in real estate receivable certificates, bonds and other real estate assets;

(ii) The fund’s investment strategy is to acquire properties in the retail, general markets, health and education sectors located in large urban centers that, in the Manager's view, generate long-term value;

(iii) The fund invests in controlling corporate buildings, mostly leased, which, in the Manager's view, generate value for the properties.

(iv) Comprised of funds that allocate their capital in diversified portfolios of shares of real estate funds, real estate receivable certificates, bonds, securities and other real estate assets.

Private markets funds
	06/30/2023	12/31/2022

F-18

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Vinci Impacto Ret IV FIP Multiestratégia	3,580	2,925
Vinci Infra Coinvestimento I FIP - Infraestrutura (i)	10,187	10,924
Vinci Infra Água e Saneamento Strategy FIP - Infraestrutura	33,904	33,946
Other funds	30,279	22,572
Total private markets funds	77,950	70,367

(i) Fund focused on the acquisition of shares, share bonuses subscriptions, debentures convertible or not into shares, or other securities issued by publicly-held, publicly-traded or private corporations that develop new projects of infrastructure in the development sector and operations of electric power transmission lines, participating in the decision-making process of the investee, with effective influence. As of June 30, 2023 and December 31, 2022, the fund held investment in Água Vermelha Transmissora de Energia S.A.

During the period, the following gains/(losses) were recognized in profit or loss:

	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022
Fair value gains on investments at FVPL recognized in finance income	64,723	34,521	64,834	13,982

Cash and cash equivalents

Current assets	06/30/2023	12/31/2022
Cash and bank deposits	31,403	30,108
Certificate of deposit (i)	122,589	106,473
	153,992	136,581

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, bank deposits held at financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

(i) Comprises certificates of deposits issued by Banco Bradesco (credit rating AAA evaluated by Fitch Ratings) with an interest rate of 101% of CDI (interbank deposit rate). The certificates are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Financial liabilities

	06/30/2023	12/31/2022

Current	107,053	133,622
Trade payables	438	1,247
Labor and social security obligations (Note 12)	52,689	87,732
Loans and obligations (Note 14)	22,207	13,168
Lease liabilities	24,381	24,147
Accounts payable (Note 11)	7,338	7,328

Non-current	215,197	227,154
Lease liabilities	54,085	62,064
Labor and social security obligations (Note 12)	2,906	2,968
Loans and obligations (Note 14)	158,206	162,122

	322,250	360,776

(a) Fair value hierarchy

F-19

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

This section explains the judgments and estimates made in determining the fair values of the financial instruments that are recognized and measured at fair value through profit or loss in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the group has classified its financial instruments into the three levels prescribed under the accounting standards. An explanation of each level follows underneath the table.

	On June 30, 2023
*Recurring fair value measurements*	Level 1	Level 2	Level 3	Total
Financial Assets
Certificate of deposits	-	122,589	-	122,589
Mutual funds	-	1,182,812	-	1,182,812
Private equity funds	-	-	6,423	6,423
Total Financial Assets	-	1,305,401	6,423	1,311,824

	On December 31, 2022
*Recurring fair value measurements*	Level 1	Level 2	Level 3	Total
Financial Assets
Certificate of deposits	-	106,473	-	106,473
Mutual funds	-	1,243,764	-	1,243,764
Private equity funds	-	-	5,985	5,985
Total Financial Assets	-	1,350,237	5,985	1,356,222

Level 1: The fair value of financial instruments traded in active markets (such as publicly traded real estate funds) is based on quoted market prices at the end of the reporting period. The quoted market price used for financial assets held by the group is the current bid price. These instruments are included in level 1.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

Vinci Monalisa is a financial instrument classified as level 2. Its portfolio is comprised of items that could be classified as level 1, level 2 and level 3, in the amount of R$ 129,162, R$ 795,664 and R$ 179,906, respectively (2022: R$ 172,228, R$ 743,479 and R$ 111,623, respectively).

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities.

(b) Valuation techniques used to determine fair values

Specific valuation techniques used to value financial instruments include:

- the use of quoted market prices

- for level 3 financial instruments – discounted cash flow analysis.

All non-listed assets fair value estimates are included in level 2, except for private equity funds, where the fair values have been determined based on fair value appraisals for fund's investments, performed by the fund's management (Vinci Capital and Vinci Infra) or a third party hired by the Fund’s Administrator. The most part of the level 3 financial

F-20

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

instruments evaluation uses discount cash flows techniques to evaluate the fair value of the Fund's investments. The appraisals performed by a third party are reviewed by Vinci or its subsidiaries (fund's management).

(c) Fair value measurements using significant unobservable inputs (level 3)

The following table presents the changes in level 3 items for the period/year ended June 30, 2023 and December 31, 2022:

		Fair Value
Opening balance January 1, 2022		8,593
Capital deployment		1,229
Sales and distributions (a)		(4,008)
Gain recognized in finance income		171
Closing balance December 31, 2022		5,985
Capital deployment		442
Sales and distributions		(32)
Gain recognized in finance income		28
Closing balance June 30, 2023		6,423

(a) In 2022, Vinci Infra Transmissão FIP – Infraestrutura was transferred to Vinci Monalisa.

F-21

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Other assets

	06/30/2023	12/31/2022

Employees loans (i)	5,296	6,356
Sundry advances	127	192
Advances to projects in progress (ii)	7,534	9,774
Other prepayments	1,515	155
Related parties receivables (iii)	160	253
Guarantee deposits (iv)	485	523
Others	316	293

	15,433	17,546

Current	14,505	16,481
Non-current	928	1,065

	15,433	17,546

(i)

Refers to amounts receivable from employees.

(ii)

Refers to costs incurred by projects related to funds administered by Vinci, that are initially paid by the Group and subsequently reimbursed.

(iii)

Refers to an intercompany transaction. See Note 19 for more details.

(iv)

Refers to the security deposit of a lease.

F-22

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Investments

(a)

Business Combination

(i)

Summary of acquisition

On 16 August 2022, Vinci Soluções de Investimentos Ltda., a wholly owned subsidiary of Vinci, acquired 90% of the issued share capital of SPS Capital Gestão de Recursos Ltda (“SPS”), a leading independent alternative asset manager focused on the Special Situations segment in Brazil. The total purchase consideration was 184,432, including a contingent consideration (earn-out).

Contingent Consideration (Earn-out)

In the event that certain pre-determined fundraising and incremental management fee is achieved for the years ended until December 31, 2026, an additional consideration in VINP’s Class A common shares through an earnout structure will be paid in 2027, up to a maximum number of 1.7 million shares.

(b)

Non-controlling interests (NCI)

Set out below is summarized financial information for each subsidiary that has non-controlling interests that are material to the group. The amounts disclosed for each subsidiary are before inter-company eliminations.

	Vinci Asset Allocation		Vinci Holding Securitária		Total
	06/30/2023	12/31/2022	06/30/2023	12/31/2022	06/30/2023	12/31/2022
Summarized Balance Sheet

Current assets	108	-	25,278	18,322	25,386	18,322
Current liabilities	(285)	(1)	(102)	(601)	(387)	(602)
Current net assets	(177)	(1)	25,176	17,721	24,999	17,720

Non-current assets	601	601	9,149	3,345	9,750	3,946
Non-current liabilities	(1,200)	(732)	(14,409)	(759)	(15,609)	(1,491)
Non-current net assets	(599)	(131)	(5,260)	2,586	(5,859)	2,455

Net assets	(776)	(132)	19,916	20,307	19,140	20,175

Accumulated NCI	(194)	(33)	2,987	3,046	2,793	3,013

F-23

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Summarized statement	Vinci Asset Allocation		Vinci Holding Securitária	Vinci Int'l Real Estate	Total
of comprehensive income	06/30/2023	06/30/2022	06/30/2023	06/30/2022	06/30/2023	06/30/2022

Revenue	7	-	1	90	8	90

Profit for the period	(645)	(20)	(391)	1	(1,036)	(19)

Other comprehensive income	-	-	-	-	-	-

Total comprehensive income	(645)	(20)	(391)	1	(1,036)	(19)

Profit/(loss) allocated to NCI	(161)	(5)	(59)	-	(220)	(5)

F-24

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Property and equipment

						06/30/2023
	Furnitureand fittingsstuffs	Improvements in propertiesof thirdparties	Computersand peripherals -improvements	Equipamentsand tools	Work of arts and others	Total



Cost
At January 1, 2023	11,782	47,824	7,113	10,241	873	77,833
Acquisitions	539	483	245	269	1,392	2,928
Foreign Exchange variations of property and equipment abroad	-	(1,519)	-	(436)	-	(1,955)

At June 30, 2023	12,321	46,788	7,358	10,074	2,265	78,806

Accumulated depreciationAt January 1, 2023	(8,473)	(42,188)	(5,707)	(9,514)	-	(65,882)
Depreciation	(394)	(1,151)	(230)	(105)	-	(1,880)
Foreign Exchange variations of property and equipment abroad	-	1,514	-	422	-	1,936

At June 30, 2023	(8,867)	(41,825)	(5,937)	(9,197)	-	(65,826)

Net book value
At January 1, 2023	3,309	5,636	1,406	727	873	11,951

At June 30, 2023	3,454	4,963	1,421	877	2,265	12,980

Annual depreciation rate - %	10	From 10 to 20	20	10

Extension options in office leases have not been included in the lease liability, because the Group could replace the assets without significant cost or business disruption.

F-25

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

						06/30/2022
	Furniture and fittings stuffs	Improvements in properties of third parties	Computers and peripherals -improvements	Equipaments and tools	Work of arts and others	Total

Cost
At January 1, 2022	11,620	49,024	6,379	10,532	789	78,344
Aquisitions	98	135	298	51	-	582
Foreign Exchange variations of property and equipment abroad	-	(1,306)	-	(374)	-	(1,680)

At June 30, 2022	11,718	47,853	6,677	10,209	789	77,246

Accumulated depreciation At January 1, 2022	(7,644)	(41,389)	(5,323)	(9,694)	-	(64,050)
Depreciation	(423)	(1,079)	(157)	(98)	-	(1,757)
Foreign Exchange variations of property and equipment abroad	-	1,290	-	358	-	1,648

At June 30, 2022	(8,067)	(41,178)	(5,480)	(9,434)	-	(64,159)

Net book value
At January 1, 2022	3,976	7,635	1,056	838	789	14,294

At June 30, 2022	3,651	6,675	1,197	775	789	13,087

Annual depreciation rate - %	10	From 10 to 20	20	10

F-26

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Intangible assets

Intangible assets include expenditures with the development of the software and the goodwill generated by the acquisition of SPS. The software development comprises mainly products for Risk System and Portfolio Allocation, whose purpose is to evaluate the risk of the funds and to allocate the clients' portfolio and systems and applications which are being developed to support retirement services applications.

The Entity assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any indication exists, the Entity estimates the asset's recoverable amount. There were no indications of impairment of intangible assets for the period ended June 30, 2023 and December 31, 2022.

									06/30/2023
	Software development			Placement Agent (a)			Goodwill (b)		Management Contracts (c)			Total

Cost
At January 1, 2023		28,250			1,359			162,290		22,049			213,948
Purchases		6,822			65			-		-			6,887
Foreign exchange variation of intangible assets abroad		(636	)		(108	)		-		-			(744	)

At June 30, 2023		34,436			1,316			162,290		22,049			220,091

Accumulated amortization
At January 1, 2023		(23,629	)		(65	)		-		(1,016	)		(24,710	)
Amortization		(447	)		(76	)		-		(1,524	)		(2,047	)
Foreign exchange variation of intangible assets abroad		613			9			-		-			622

At June 30, 2023		(23,463	)		(132	)		-		(2,540	)		(26,135	)


At January 1, 2023		4,621			1,294			162,290		21,033			189,238

At June 30, 2023		10,973			1,184			162,290		19,509			193,956

Amortization rate (per year) - %		20	%		(a)			(b)		(c)

(a) Refers to amounts capitalized relating to agreements with investments placement agents relating to funds raised from foreign investor in offshore funds. These amounts are amortized based on the estimated duration of the related funds. In case of an early liquidation of the funds, the amortization period is adjusted, or if there is an indication

F-27

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

of impairment, an impairment evaluation is performed and recognized, if necessary.

(b) Goodwill has an indefinite useful life and are not subject to amortization. Goodwill is tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. At December 31, 2022, goodwill was tested and any provision for impairment losses was identified by Vinci.

(c) Refers to the purchase and price allocated to Fund’s Management Contracts as a result of SPS acquisition. These amounts are amortized based on the duration of the related funds.

Other assets than Goodwill are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units).

	06/30/2022
	Software development			Placement Agent (*)		Total

Cost
At January 1, 2022		24,790			-		24,790
Purchases		391			187		578
Foreign exchange variation of intangible assets abroad		(357	)		9		(348	)

At June 30, 2022		24,824			196		25,020

Accumulated amortization
At January 1, 2022		(23,633	)		-		(23,633	)
Annual amortization		(320	)		-		(320	)
Foreign exchange variation of intangible assets abroad		533			-		533

At June 30, 2022		(23,420	)		-		(23,420	)


At January 1, 2022		1,157			-		1,157

F-28

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

At June 30, 2022	1,404		196	1,600

Amortization rate (per year) - %	20	%	(*)

F-29

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Leases

This note provides information for leases where the Group is a lessee. The notes also provide the information of subleases agreements where the Group is a lessor, once part of the assets leased by the Group is subleased to third parties.

(i)

Amount recognized in the balance sheet

The balance sheet shows the following amounts relating to leases:

	06/30/2023	12/31/2022
*Sub-lease receivable*
Rio de Janeiro Office - BM 336	7,058	2,843
Total	7,058	2,843

Current	3,909	1,500
Non-current	3,149	1,343
Total	7,058	2,843

*Right of use assets*
Rio de Janeiro Office - BM 336	48,147	55,758
São Paulo Office – JRA	10,731	12,682
NY Office - third Avenue	1,176	1,696
Total	60,054	70,136

*Lease liabilities*
Rio de Janeiro Office - BM 336	(64,650)	(70,538)
São Paulo Office – JRA	(12,431)	(13,701)
NY Office - third Avenue	(1,385)	(1,972)
Total	(78,466)	(86,211)

Current	(24,381)	(24,147)
Non-current	(54,085)	(62,064)
Total	(78,466)	(86,211)

Reductions to the right-of-use assets until June 30, 2023 were R$ 4,782 (additions of R$ 15,838 during 2022 financial year).

F-30

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

(ii)

Amount recorded in the statement of profit or loss

The statement of profit or loss shows the following amounts relating to leases:

	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022

Right of use assets depreciation	(5,191)	(5,298)	(2,414)	(2,738)
Financial expense	(5,148)	(4,872)	(2,517)	(2,400)
	(10,339)	(10,170)	(4,931)	(5,138)

The total cash outflow for leases until June 30, 2023 was R$ 12,765 (R$ 12,154 until June 30, 2022).

The Group’s leasing activities and how these are accounted for are disclosed in the Group’s annual consolidated financial statements as of December 31, 2022.

Accounts payable

	06/30/2023	12/31/2022

Dividends payable (i)	3,791	4,363
Treasury shares acquisition (ii)	2,083	839
Rent payable – prior month expense	1,394	2,056
Other payables	70	70

	7,338	7,328

Current	7,338	7,328
Non-current	-	-

(i)

On December 31, 2020, the partners approved a distribution of dividends for the results of the current month. On January 25, 2023, the amount of R$ 572 was paid, remaining outstanding the amount of R$ 3,791.

(ii)

As informed in Note 14(f), on May 6, 2021, Vinci started its share repurchase program. The shares repurchased were totally settled up to the second working day after the acquisition.

F-31

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Labor and social security obligations


	06/30/2023	12/31/2022

Profit sharing	44,233	80,840
Labor provisions	11,362	9,860

	55,595	90,700

Current	52,689	87,732
Non-current	2,906	2,968

Except for the profit sharing related to the unrealized performance fees, the accrual for profits sharing payable on December 31, 2022 was paid in January 2023. Profit sharing is calculated based on the performance review of each employee plus the area performance, in accordance with an Entity policy. Vinci Management estimated the profit sharing as of June 30, 2022 based on the management and advisory net revenue recognized and the realized performance fee up to June 30, 2023.

Since the second quarter of 2022 labor provisions are being impacted by provisions and social charges related to Restricted Share Units Plan (RSUs). The non-current amount comprises the provisions and social charges for the RSUs which the vesting dates are over than 1 year. Please see note 23 for more detail.

Taxes and contributions payable

	06/30/2023	12/31/2022

Income tax	10,919	13,746
Social contribution	3,753	4,847
Social Contribution on revenues (COFINS)	2,510	2,128
Social Integration Program (PIS)	542	460
Service tax (ISS) on billing	1,439	856
Withholding Income Tax (IRRF) deducted from third parties	83	143
Others	46	111

	19,292	22,291

F-32

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Loans and obligations

	06/30/2023	12/31/2022

Commercial Notes (i)	82,876	83,212
Consideration payable (ii)	45,812	43,579
Contingent consideration (iii)	51,725	48,499

	180,413	175,290

Current	22,207	13,168
Non-current	158,206	162,122

(i)

Commercial Notes

On August 15, 2022, Vinci Soluções de Investimentos Ltda,. a subsidiary of Vinci, issued 80,000 commercial notes in the total amount of R$ 80,000 (R$ 1,000.00 reais for each commercial note). The commercial notes will be subject to public distribution 90 days after the issuing date. The main characteristics of the financial instrument are indicated below:

Term and expiration date: 5 (five) years, ending on August 15, 2027.

Interest rate: 100% of the daily rates of interbank deposits (“DI”) plus a spread of 2.15% on annually basis.

Amortization: On semi-annually basis, beginning on February 15, 2023.

Commercial Notes comprises a financial liability evaluated at amortized cost. Interest expense is calculated using the effective interest method and is recognized in profit or loss as part of financial expense.

Accordingly, to the terms of the agreement, the Group is committed to be compliant with financial covenants, on an annual basis and beginning on December 31, 2022. The entity was in compliance with the covenants as of December 31, 2022.

The following table presents the changes in the Commercial Notes up the period ended June 30, 2023 and December 31, 2022:

Face value of the notes issued	80,000
(-) Transaction costs	(974)
Interest expense	4,186
Closing balance December 31, 2022	83,212
Interest expense	5,606
Interest paid	(5,942)
Closing balance June 30, 2023	82,876

Current	22,207
Non-current	60,669

F-33

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

(ii)

Consideration payable

Accordingly, to Note 7(a), Vinci acquired SPS Capital Gestão de Recursos Ltda on August 16, 2022. As part of the deal, Vinci assumed a financial obligation to be paid in the second anniversary of the closing date. The amount as of June 30, 2023 and December 31, 2022 is R$ 45,812 and R$ 43,579, respectively.

Consideration payable is financial liability evaluated at amortized cost. Interest expense is calculated using the effective interest method and is recognized in profit or loss as part of financial expense.

(iii)

Contingent consideration

Vinci shall pay an additional consideration in VINP’s Class A shares through an earnout structure to be paid in 2027, up to a maximum number of 1.7 million shares, subject to the achievement of certain fundraising and incremental management fee revenue targets. The amount reflects the fair value of the obligation, based on the terms of the purchase agreement and how the current economic environment is likely to impact it, accordingly to Vinci’s best estimative. Changes in fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments against goodwill.

On June 30, 2023, Vinci revaluated the fair value of the obligation based on the economic conditions at the date, resulting in an increase of the contingent consideration fair value. The variation was recognized as an expense in the financial result in the amount of R$ 3,227 for the six-month period ended June 30, 2023.

Retirement plans liabilities

During the second quarter of 2023 Vinci starts its retirement services operations. As of June 30, 2023, active plans are principally accumulation of financial resources through products PGBL (Free Benefit Generator Plan) and VGBL (Free Benefit Generator Life) structured in the form of variable contribution, for the purpose of granting participants with returns based on the accumulated capital in the form of monthly withdraws for a certain term or temporary monthly withdraws.

In this respect, such financial products represent investment contracts that have the legal form of retirement plans, but which do not transfer insurance risk to the Group. Therefore, contributions received from participants are accounted for as liabilities and balance consists of the balance of the participant in the linked Specially Constituted Investment Fund (“FIE”) at the reporting date (Note 5). On June 30, 2023 the Retirement plan liabilities are 13,401.

F-34

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Equity

(a)

Capital

The capital comprises 42,447,349 Class A shares and 14,466,239 Class B shares with a par value of US$ 0.00005 each.

The Class A common shares have been approved for listing on the Nasdaq Global Select Market, or Nasdaq, under the symbol "VINP." Vinci has two classes of common shares: Class A common shares and our Class B common shares.

Class B common shares carry rights that are identical to the Class A common shares, except that (1) holders of Class B common shares are entitled to 10 votes per share, whereas holders of our Class A common shares are entitled to one vote per share; (2) holders of Class B common shares have certain conversion rights; (3) holders of Class B common shares are entitled to preemptive rights in the event that additional Class A common shares are issued in order to maintain their proportional ownership interest; and (4) Class B common shares shall not be listed on any stock exchange and will not be publicly traded.

(b)

Transactions costs

Transactions costs comprises the expenses incurred by the Entity in connection with the IPO.

(c)

Retained earnings

Retained earnings comprises the net profit generated by the Entity which were not distributed to their shareholders or approved to be distributed by the Entity management.

(d)

Other reserves

Comprises the exchange variation in investments made on investees which have a functional currency other than Brazilian Reais, the Entity functional currency. When a foreign operation is sold, the associated exchange differences are reclassified to profit or loss, as part of the gain or loss on sale.

(e)

Dividends

On February 10, 2023, Vinci declared a quarterly dividend distribution of US$ 0.17 per common share to shareholders as of February 28, 2023, totalizing US$ 9,328 (R$ 49,015), paid on March 9, 2023.

On May 11, 2023, Vinci declared a quarterly dividend distribution of US$ 0.16 per common share to shareholders as of May 25, 2023, totalizing US$ 8,729 (R$ 43,651), paid on June 9, 2023.

Once dividends are declared and approved by the board of directors, they will be paid on proportional basis to the owners of the common shares.

(f)

Treasury shares

When shares recognized as equity are repurchased, the amount of the consideration paid, which includes directly attributable costs, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares and are presented in the treasury share reserve. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity and the resulting surplus or deficit on the transaction is presented within the additional paid-in capital.

F-35

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

On May 6, 2021, the Company announced the adoption of its share repurchase program in an aggregate amount of up to R$ 85 million (the “Repurchase Program”). The Repurchase Program may be executed in compliance with Rule 10b-18 under the Exchange Act. The program shall be permitted to commence after the date it is publicly disclosed and does not have a specified expiration date. Buybacks shall be made from time-to-time in the open market and negotiated purchases. The specific prices, numbers of shares and timing of purchase transactions shall be determined by the Company from time to time in its sole discretion.

On September 14, 2021, the Company intended to benefit from the affirmative defense provided by Rule 10b5-1 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934. The Repurchase Program previously approved comply with the requirements of Rule 10b5-1 and will be carried out exclusively by J.P. Morgan Securities LLC (“JPMS”). JPMS acts as agent on behalf of Vinci and in accordance with the following terms:

●

The program is permitted to commence on October 1, 2021 and does not have a specified expiration date.

●

Buybacks shall be made in compliance with Rule 10b5-1(c)(1) under the Exchange Act;

●

The Repurchase Program respects the total amount of up to R$85 million, as previously approved.

On June 16, 2022, the Company announced a share buyback plan and a share repurchase plan to buy back up to R$60.0 million of the Company's outstanding Class A common shares across both plans. These plans are approved to replace the share repurchase plans approved by our board of directors on May 6, 2021 and September 15, 2021, which expired on May 31st, 2022. The plans commenced immediately and will not have specified expiration date (other than when the R$60.0 million buyback limit is reached).

Under the share buyback plan, buybacks may be made from time-to-time in open market and negotiated purchases, effective immediately, in compliance with SEC Rule 10b-18. The specific prices, numbers of shares and timing of purchase transactions will be determined by the Company from time to time in its sole discretion. Additionally, repurchases will be carried out by the agent of the Company from time-to-time in open market and negotiated purchases, in compliance with SEC Rule 10b5-1.

On February 14, 2023, the Company announced a new share buyback plan and a share repurchase plan to buy back up to R$60.0 million of the Company's outstanding Class A common shares across both plans. The new buyback and repurchase plans will commence on the expiration date of the legacy plans and will not have specified expiration dates (other than when the R$60.0 million buyback limit is reached).

During the first semester of 2023, 925,385 Class A common shares were repurchased, in the amount of R$ 42,052. As detailed in Note 24, 57,413 shares were vested as part of the Restricted Shares Unit Plan. In June 2023 the Company holds 2,716,629 Class A common shares in treasury.

F-36

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

(g) Basic and diluted earnings per share

	Six months ended June 30		Three months ended June 30
a) Basic earning per share	2023	2022	2023	2022
From continuing operations attributable to the ordinary equity holders of the Entity	2.20	1.62	1.62	0.82
Total basic earning per share attributable to the ordinary equity holders of the Entity	2.20	1.62	1.62	0.82

	Six months ended June 30		Three months ended June 30
b) Diluted earning per share	2023	2022	2023	2022
From continuing operations attributable to the ordinary equity holders of the Entity	2.17	1.61	1.60	0.81
Total basic earning per share attributable to the ordinary equity holders of the Entity	2.17	1.61	1.60	0.81

c) Reconciliations of earnings used in calculating earnings per share/quota
	Six months ended June 30		Three months ended June 30
*Basic earnings per share:*	2023	2022	2023	2022
Profit attributable to the ordinary equity holders of the Entity used in calculating basic earnings per share:
From continuing operations	124,478	91,709	91,741	46,400
	124,478	91,709	91,741	46,400

	Six months ended June 30		Three months ended June 30
*Diluted earnings per share:*	2023	2022	2023	2022
Profit from continuing operations attributable to the ordinary equity holders of the Entity
Used in calculating basic earnings per share	124,478	91,709	91,741	46,400
Used in calculating diluted earnings per share	124,478	91,709	91,741	46,400

d) Weighted average number of shares used as the denominator

	Six months ended June 30		Three months ended June 30
	Number 06/30/2023	Number 06/30/2022		Number 06/30/2023	Number 06/30/2022
Weighted average number of ordinary shares used as the denominator in calculating basic earnings per share:	56,547,310	56,605,337		56,720,981	56,798,319
Adjustments for calculation of diluted earnings per share:	683,476	-		683,476	-
Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted earnings per share	57,230,786	56,605,337		57,404,407	56,798,319

F-37

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Revenue from services rendered

	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022

Gross revenue from fund management	201,509	188,348	99,018	95,353
Gross revenue from performance fees	13,529	7,411	11,454	4,080
Gross revenue from advisory	20,187	11,311	15,296	7,289

Gross revenue from services rendered	235,225	207,070	125,768	106,722

In Brazil	188,312	159,733	101,278	83,109
Abroad	46,913	47,337	24,490	23,613

Taxes and contributions
COFINS	(8,404)	(7,175)	(4,360)	(3,773)
PIS	(1,823)	(1,557)	(946)	(819)
ISS	(5,106)	(4,494)	(2,878)	(2,361)

Net revenue from services rendered	219,892	193,844	117,584	99,769

Net revenue from fund management	188,646	176,500	92,769	89,271
Net revenue from performance fees	12,728	7.011	10,765	3,839
Net revenue from advisory	18,518	10,333	14,050	6,659

F-38

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

General and administrative expenses

	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022

Personnel (a)	(35,526)	(31,213)	(17,849)	(16,031)
Share-based payments (b)	(5,600)	(3,204)	(3,493)	(2,468)
Profit-sharing (a)	(45,212)	(36,998)	(26,417)	(18,695)
	(86,338)	(71,415)	(47,759)	(37,194)
Third party expenses (c)	(15,303)	(22,435)	(8,719)	(8,907)
Right of use depreciation (d)	(5,191)	(5,298)	(2,414)	(2,738)
Depreciation and amortization (e)	(3,806)	(1,960)	(2,028)	(976)
Travel and representations	(1,784)	(1,812)	(919)	(1,295)
Condominium expenses	(1,770)	(1,248)	(785)	(838)
Other operating expenses (f)	(4,870)	(3,679)	(2,308)	(1,938)

	(119,062)	(107,847)	(64,932)	(53,886)

(a)

Personnel and profit-sharing

According to the profit-sharing program and based on Law 10,101 of December 19, 2000 and on objectives established at the beginning of each year, management estimated the payment of profit sharing in the amount of R$ 45,212 (R$ 36,998 on June 30, 2022) for the period ended June 30, 2023.

(b)

Share-based payments

See Note 22 for more details.

(c)

Third party expense

Third party expenses are composed for accounting, advisory, information technology, marketing, and other contracted services.

(d)

Right of use depreciation

See Note 10 for more details.

(e)

Depreciation and amortization

The amount is mainly comprised by property and equipment depreciation and intangible amortization.

(f)

Other operating expenses

The amount is mainly comprised by office expenses, including energy, cleaning, maintenance and conservation, among others several expenses.

F-39

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Finance profit/(loss)

	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022

Investment income (i)	64,834	35,075	64,834	13,982
Foreign currency variation income	-	2,086	-	444
Financial revenue on sublease agreements	260	211	184	101
Contingent consideration variation	4,051	-	-	-
Other finance income	209	307	83	160

Finance income	69,354	37,679	65,101	14,687

Financial expense on lease agreements	(5,148)	(4,872)	(2,517)	(2,400)
Interest expense on loans and financing	(7,838)	-	(3,904)	-
Bank fees	(51)	(102)	(38)	(56)
Investment losses (i)	(111)	(554)	-	-
Fines on taxes	-	(4)	-	(1)
Foreign currency variation expense	(775)	(2,986)	(620)	-
Contingent consideration variation	(7,278)	-	(7,278)	-
Finance costs	(21,201)	(8,522)	(14,357)	(2,461)

Finance profit/(loss), net	48,153	29,157	50,744	12,226

(i)

Investment income and losses comprises the fair value changes on the financial instruments at fair value through profit or loss. Segregated investment income result is demonstrated below.

	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022
Mutual funds and fixed income investments (a)	64,803	35,232	64,803	14,334
Private equity funds	31	(157)	31	(352)
	64,834	35,075	64,834	13,982

Mutual funds	(108)	(550)	-	-
Private equity funds	(3)	(4)	-	-
	(111)	(554)	-	-

(a)

Vinci Monalisa corresponds to most part of the Group’s investment income.

(ii)

Interest expense on loans and financing comprises the financial result on the Commercial notes and contingent consideration related to SPS acquisition. Please see note 14 for more detail.

F-40

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Income tax and social contribution

As an exempted company incorporated in the Cayman Islands, Vinci Partners Ltd is subject to Cayman Islands laws, which currently levy no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature of inheritance tax or estate duty or withholding tax applicable to us.

Vinci Partners Ltd subsidiaries, except for Vinci Partners Ltda, Vinci Capital Gestora Ltda, Vinci Soluções de Investimentos Ltda and Vinci Vida e Previdência S.A., are taxed based on the deemed profit.

Vinci has tax losses and negative basis resulting from previous years and deferred income tax and social contribution credits are recognized since there is expectation of future tax results for these companies. The tax credit arising from the tax loss and negative basis under the taxable profit regime on June 30, 2023 is R$ 5,411 (R$ 4,912 on December 31, 2022).

No foreign subsidiaries presented net income for taxation of income and social contribution taxes until June 30, 2023 and 2022.

The income tax and social contribution charge on the results for the year can be summarized as follows:

	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022

Current income tax	(19,926)	(18,810)	(10,716)	(9,516)
Current social contribution	(7,196)	(6,747)	(3,889)	(3,370)

	(27,122)	(25,557)	(14,605)	(12,886)

Deferred income tax	1,902	1,611	2,129	926
Deferred social contribution	495	496	632	249

	2,397	2,107	2,761	1,175

	(24,725)	(23,450)	(11,844)	(11,711)

F-41

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Deferred tax balances

	06/30/2023	12/31/2022
*Deferred tax assets*
Tax losses	5,606	4,912
Leases	1,521	1,805
RSU	1,421	1,628
Interest expense on obligation for acquisition	1,309	550
Amortization on management Contracts	864	346
Total	10,721	9,241

*Deferred tax liabilities*
Financial revenue	(982)	(973)
Estimated revenue	(1,690)	(1,690)
Leases	(220)	(49)
Contingent consideration	(3,653)	(4,750)
Total Income Tax	(6,545)	(7,462)

Estimated revenue	(878)	(878)
Total (Taxes and contribution)	(878)	(878)

Total deferred tax liabilities	(7,423)	(8,340)

F-42

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

*Movements*	Tax losses	Leases	RSU	*Other ()**	Total
*Deferred tax assets*
As at December 31, 2021	2,494	2,476	-	-	4,970
to profit and loss	2,418	(671)	1,628	896	4,271
As at December 31, 2022	4,912	1,805	1,628	896	9,241
to profit and loss	694	(284)	(207)	1,277	1,480
As at June 30, 2023	5,606	1,521	1,421	2,173	10,721

(*) Comprises deferred taxes related to interest expense on obligation for ownership acquisition and amortization on management Contracts

*Movements*	Financial Revenue	Estimated Revenue	Leases	Contingent consideration	Total
*Deferred tax liabilities*
As at December 31, 2021	(1,815)	(3,201)	-	-	(5,016)
to profit and loss	842	633	(49)	(4,750)	(3,324)
As at December 31, 2022	(973)	(2,568)	(49)	(4,750)	(8,340)
to profit and loss	(9)	-	(171)	1,097	917
As at June 30, 2023	(982)	(2,568)	(220)	(3,653)	(7,423)

F-43

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

(a)

Tax effective rate

	Six months ended June 30						Three months ended June 30
	2023			2022			2023			2022

Profit (loss) before income taxes		148,983			115,154			103,396			58,109
Combined statutory income taxes rate - %		34%			34%			34%			34%
Income tax benefit (expense) at statutory rates		(50,654	)		(39,152	)		(35,154	)		(19,757	)
Reconciliation adjustments:
Expenses not deductible		(64	)		(27	)		(2	)		(9	)
Tax benefits		42			65			7			30
Share based payments		(253	)		(156	)		(224	)		(70	)
Effect of presumed profit of subsidiaries (i) and offshore subsidiaries		26,072			15,665			23,410			7,951

Other additions (exclusions), net		132			155			119			144

Income taxes expenses
Current		(27,122	)		(25,557	)		(14,605	)		(12,886	)
Deferred		2,397			2,107			2,761			1,175
		(24,725	)		(23,450	)		(11,844	)		(11,711	)

Effective rate		17%			20%			11%			20%

(i)

Brazilian tax law establishes that companies that generate gross revenues of up to R$ 78,000 in the prior fiscal year may calculate income taxes as a percentage of gross revenue, using the presumed profit income tax regime. The Entity's subsidiaries adopted this tax regime and the effect of the presumed profit of subsidiaries represents the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to the taxable profit of the subsidiaries.

Related parties

(a)

Key management remuneration

The total remuneration (salaries and benefits) of key management personnel, including the Executive Committee, amounted to R$ 1,725 (June 30, 2022 - R$ 1,455).

In accordance with Vinci internal policy, the key management is entitled to receive a profit-sharing compensation for the current year, which was paid in January 2023, after the Management approval. As informed in Note 12, Vinci accrued a provision for profit sharing for the Group as of December 31, 2022.

F-44

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

(b)

Receivables from related parties

The Entity receivables from related parties as of June 30, 2023 and December 31, 2022, as shown in the table below:

	06/30/2023	12/31/2022
Vinci Infra Investimentos V2I S.A.	88	79
Cagliari Participações S.A.	4	4
Accadia Participações AS	-	91
Norcia Participações SA	68	56
Laguna Participações S.A.	-	11
VFDL 4 Empreendimentos Imobiliários LTDA	-	3
Vias Participações I S.A.	-	1
Verona Participações Societarias S.A.	-	8
	160	253

(c)

Employees loans

As presented in Note 6(i), Vinci may advance payments to its employees.

Segment reporting

The Entity's reportable segments are those business units which provide different services and are separately managed since each business demands different market strategies.

The main information used by management for assessment of the performance of each segment is the profit by segment for the analysis of the return of these investments.

The information on assets and liabilities by segment is not disclosed in these financial statements because it is not used by management when managing segments. Management does not make an analysis by geographical areas for the management of the Entity's business.

Segments are independently managed, with professionals specifically skilled allocated in each segment.

The Entity's operations are segmented according to the organization and management model approved by management, and they are divided as follows:

Private Market Strategies

Comprises the investments in illiquid funds, as described below:

(i)

Private Equity

The private equity segment has a generalist and control-oriented approach, focusing on growth and turnaround. The primary strategy is value creation pursuing transformation of invested companies, with changes in the growth of revenue, productivity, profitability and management profile, using a proprietary methodology ("Value from the Core").

Another strategy of the segment is focused on sectors resilient to different investment cycles and minority holdings in small and medium enterprises with business models that exhibit high growth potential and clear, mensurable ESG (Environmental, Social and Governance) goals.

F-45

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

(ii)

Real Estate

The Real Estate Investment Funds segment are focused on shopping centers, logistics, offices, urban real estate and funds of funds, and seek to achieve differentiated returns through an active management of a diversified and quality portfolio. The segment’s objective is also the development of real estate properties, following up to five key steps: origination of opportunities, analysis, execution, monitoring and asset sale.

(iii)

Infrastructure

The infrastructure segment has exposure to real assets through equity and debt instruments, with active in the following sub-segments: power, oil & gas, transportation & logistic and water & sewage. The strategy invests across two sub-strategies: sector-focused funds and structured credit. The fund’s investments are periodically monitored, including the evolution of ESG metrics, financial and operational metrics.

(iv)

Credit

This credit segment is focused on fundamental credit analysis, consistency, and long-term value creation to investors. The area dynamic approach is to tactically allocate capital between assets classes and adapt to different cycles. It is also sourcing of credit instruments with resilient structures and sound collateral packages. The credit strategy invests include for core sub-strategies: infrastructure debt, real estate debt, structured credit and exclusive mandates, following four key steps: origination, analysis, structuring and monitoring.

(v)

Special situations (SPS)

This Special situation segment is focused in complex situations in which financial and human capital are employed to generate superior returns, maintaining adequate risk levels and preserving the interests of all parties involved.

Liquid Strategies

This segment seeks return through operations in public markets, as trading bonds, public stocks and derivatives, among other assets. It is comprised by the investments in liquid funds, as described below:

(i)

Hedge Funds

The hedge fund segment manages funds through Brazilian and international financial instruments such as stock, credit, interest, foreign exchange and commodities. Monitoring and risk control are based on different techniques such as: use of options for high conviction trades, monitoring liquidity conditions for each position, VaR monitoring, scenarios simulations (including stress test), stop loss rules on individual positions and on the portfolio level.

(ii)

Public equities

The public equities segment manages long-term positions based on fundamental analysis of Brazilian publicly traded companies. The mains strategy is through absolute return, dividends, and small caps.

F-46

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Investment products and solutions

Investment products and solutions segments offer financial products on an open platform basis providing portfolio and management services considering medium/long term risk allocation. The strategy aims to provide an advanced investment strategy with alpha generation according to the clients’ targets. The strategy is divided in four sub-strategies: separate exclusive mandates, commingled funds, international allocation and pension plans.

Financial advisory services

The financial advisory services objective is including high value-added to financial and strategic advisory services to entrepreneurs, corporate senior management teams and boards of directors, focusing primarily on IPO advisory and M&A transactions for Brazilian middle-market companies. The financial advisory services team serves as trusted advisors to clients targeting local and/or product expertise in the Brazilian marketplace.

Vinci retirement services

The retirement services focus on planning and building long-term investment portfolios that assist investors to achieve their retirement goals. The retirement services segment started its operations during the first semester of 2023.

F-47

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

		Six-month period ended 06/30/2023
	Private Market Strategies	Liquid Strategies	Investment Products and solutions	Financial Advisory	Vinci Retirement Services	Corporate Center	Total
In Brazil	90,981	42,997	36,860	17,465	9	-	188,312
Abroad	35,291	3,530	5,987	2,105	-	-	46,913
Gross revenue from services rendered	126,272	46,527	42,847	19,570	9	-	235,225
Fund Advisory fee	600	-	17	19,570	-	-	20,187
Fund Management fee	122,987	38,246	40,267	-	9	-	201,509
Fund Performance fee	2,685	8,281	2,563	-	-	-	13,529
Taxes and contributions	(6,915)	(2,830)	(3,972)	(1,616)	-	-	(15,333)
Net revenue from services rendered	119,357	43,697	38,875	17,954	9	-	219,892
(-) General and administrative expenses	(22,037)	(12,717)	(11,031)	(6,480)	(3,308)	(57,889)	(113,462)
Share-based payments	(437)	(108)	155	-	-	(5,210)	(5,600)
Operating profit	96,883	30,872	27,999	11,474	(3,299)	(63,099)	100,830
Finance income							69,354
Finance cost							(21,201)
Finance result, net							48,153
Profit before income taxes							148,983
Income taxes							(24,725)
Profit for the period							124,258

F-48

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

		Three-month period ended 06/30/2023
	Private Market Strategies	Liquid Strategies	Investment Products and solutions	Financial Advisory	Vinci Retirement Services	Corporate Center	Total
In Brazil	46,175	23,882	18,329	12,883	9	-	101,278
Abroad	17,907	1,899	2,579	2,105	-	-	24,490
Gross revenue from services rendered	64,082	25,781	20,908	14,988	9	-	125,768
Fund Advisory fee	300	-	8	14,988	-	-	15,296
Fund Management fee	61,104	18,690	19,215	-	9	-	99,018
Fund Performance fee	2,678	7,091	1,685	-	-	-	11,454
Taxes and contributions	(3,438)	(1,543)	(1,983)	(1,220)	-	-	(8,184)
Net revenue from services rendered	60,644	24,238	18,925	13,768	9	-	117,584
(-) General and administrative expenses	(12,430)	(7,717)	(5,506)	(5,187)	(1,914)	(28,685)	(61,439)
Share-based payments	(173)	(36)	(29)	-	-	(3,255)	(3,493)
Operating profit	48,041	16,485	13,390	8,581	(1,905)	(31,940)	52,652
Finance income							65,101
Finance cost							(14,357)
Finance result, net							50,744
Profit before income taxes							103,396
Income taxes							(11,844)
Profit for the period							91,552

F-49

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

		Six-month period ended 06/30/2022
	Private Market Strategies	Liquid Strategies	Investment Products and solutions	Financial Advisory	Vinci Retirement Services	Corporate Center	Total
In Brazil	66,727	43,810	38,711	10,485	-	-	159,733
Abroad	36,132	3,423	7,782	-	-	-	47,337
Gross revenue from services rendered	102,859	47,233	46,493	10,485	-	-	207,070
Fund Advisory fee	810	-	16	10,485	-	-	11,311
Fund Management fee	99,551	43,495	45,302	-	-	-	188,348
Fund Performance fee	2,498	3,738	1,175	-	-	-	7,411
Taxes and contributions	(5,345)	(2,825)	(4,149)	(907)	-	-	(13,226)
Net revenue from services rendered	97,514	44,408	42,344	9,578	-	-	193,844
(-) General and administrative expenses	(20,401)	(10,699)	(9,562)	(3,027)	(3,054)	(57,900)	(104,643)
Share-based payments	(602)	(121)	(217)	-	-	(2,264)	(3,204)
Operating profit	76,511	33,588	32,565	6,551	(3,054)	(60,164)	85,997
Finance income							37,679
Finance cost							(8,522)
Finance result, net							29,157
Profit before income taxes							115,154
Income taxes							(23,450)
Profit for the period							91,704

F-50

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

		Three-month period ended 06/30/2022
	Private Market Strategies	Liquid Strategies	Investment Products and solutions	Financial Advisory	Vinci Retirement Services	Corporate Center	Total
In Brazil	34,313	21,346	20,469	6,981	-	-	83,109
Abroad	18,071	1,580	3,962	-	-	-	23,613
Gross revenue from services rendered	52,384	22,926	24,431	6,981	-	-	106,722
Fund Advisory fee	300	-	8	6,981	-	-	7,289
Fund Management fee	50,264	21,599	23,490	-	-	-	95,353
Fund Performance fee	1,820	1,327	933	-	-	-	4,080
Taxes and contributions	(2,737)	(1,413)	(2,199)	(604)	-	-	(6,953)
Net revenue from services rendered	49,647	21,513	22,232	6,377	-	-	99,769
(-) General and administrative expenses	(10,262)	(5,238)	(3,763)	(1,739)	(3,054)	(27,362)	(51,418)
Share-based payments	(270)	(55)	(98)	-	-	(2,045)	(2,468)
Operating profit	39,115	16,220	18,371	4,638	(3,054)	(29,407)	45,883
Finance income							14,687
Finance cost							(2,461)
Finance result, net							12,226
Profit before income taxes							58,109
Income taxes							(11,711)
Profit for the period							46,398

F-51

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

Legal Claims

As of June 30, 2023, and December 31, 2022, the Entity is not aware of disputes classified as probable chance of loss.

Find below the disputes classified as possible chance of loss segregated into labor, tax and civil.

	06/30/2023	12/31/2022

Tax	19,871	20,452
Labor	780	1,967
Total	20,651	22,419

Tax Claims

Vinci Gestora de Recursos Ltda. is a party to a tax administrative proceeding in course arising from the payment of social security contributions (employer's portion and Work Accident Insurance (SAT)) in 2011, charged on amounts paid by virtue of quota of profits and results, totaling R$ 2,048.

Vinci Equities Gestora de Recursos Ltda. has one proceeding related to the requirement of ISS (excise tax) under rendered services to investment funds located abroad in the amount of R$ 235. Supported by the opinion of its legal advisors, management classified these proceedings as having a possible risk of loss and did not record a provision for contingencies related to these proceedings.

On March 21, 2018, the Brazilian federal revenue opened a tax assessment against Vinci Equities for the collection of open debts of IRPJ, CSLL, PIS and COFINS in the amount of R$ 17,588 for the calendar year of 2013.

Share-based payments

The Entity provides benefits to its employees through a share-based incentive. The following item refers to the outstanding plan on June 30, 2023.

Stock Options

May, 2021

On May 6, 2021, the Entity launched a Stock Option Plan (“SOP” or “Plan”) in order to grant stock options to certain key employees (“Participants”) to incentivize and reward such individuals. These awards are scheduled to vest over a three-year period and the holders of vested options are entitled to purchase shares at the market price of the shares at grant date. This right may be subject to certain conditions to be imposed by the Entity and aims at aligning the interests of the Entity's shareholders with those of the Participants. Each option will entitle the Participant to acquire 1 Class A common shares issued by the Company. The key terms and conditions related to the grants under the SOP are as follows:

# Tranche	Period in months when options will become potentially suitable for exercise (“Grace Period”)	Limit per tranche
# Tranche		(percentage of the number of options granted)	(quantity of the number of options granted)
1st tranche	12	20%	332,498
2nd tranche	24	20%	332,498
3rd tranche	36	60%	997,485

F-52

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

The fair value of each stock option granted was estimated at the grant date based on the Black-Scholes-Merton pricing model.

Dividend yield (%)	5
Expected volatility (%)	35
Risk-free rate of return (%)	0.40
Vesting period of options (years)	3
Strike price	US$ 18.00
Spot price	US$ 11.22
Pricing model	Black-Scholes-Merton

The initial date of Grace Period for the options granted will be February 1st, 2021, the Company’s Initial Public Offer settlement day. The Participant will have the right to exercise their vested options from the third anniversary of the date of execution of the program up to 1 year, after which the referred options will be automatically forfeited, in full, regardless of prior notice or notification, and without the right to any indemnity. No Participant will have any of the rights and privileges of the Company's shareholders until the options are duly exercised and the shares under the options are acquired by the Participant.

The issue or purchase price of the shares to be subscribed or purchased by the Participants (“Exercise Price”) will be US$18.00. The Exercise Price will be reduced by the amount in dollars per share distributed to its shareholders from the date of execution of this Plan, whether as dividends, interest on equity, redemption, capital reduction or other events defined by the Board of Directors.

The maximum number of shares available for the exercise of options under this plan is limited to 5% of the total share capital of the Company at any time, on a fully diluted basis, taking into account also the options granted under this Plan.

As of June 30, 2023, there are stock options outstanding with respect to 1,482,753 Class A common shares.

The total expense recognized for the programs for the six-month period ended June 30, 2023 was R$ 460 (June 30, 2022 was R$ 1,338).

February, 2023

In February 2023, the Board of Directors approved a second Stock Option Plan, which aims to grant up to 1,150,000 options, each entitling the beneficiary to purchase one Class A common share. Such options have an exercise price per share equal to US$9.96; provided that, unless otherwise provided for in an option agreement, this exercise price will be reduced by the amount per share distributed to our shareholders from the date of the grant of the option, whether as dividends, interest on capital, redemption, capital reduction or others. Options will become eligible to be exercised in May 2026. During the second quarter of 2023 the Entity and its subsidiaries issued stock option in connection to the related Plan.

As of June 30, 2023, there are stock options outstanding with respect to 1,116,884 Class A common shares.

The total expense recognized for the programs for the period ended June 30, 2023 was R$ 494.

Restricted Share Unit (RSU)

Restricted Shares Units Plan

On April 04, 2022, the Entity announced its Restricted Share Unit Award Plan (“Plan”). The purpose of this Plan is to provide the opportunity for officers and employees of Vinci and its Subsidiaries, as elected by the Executive Compensation Committee, to receive restricted Shares (“RSU”). Shares representing up to 1.65% of the total amount of the capital stock of the Company, which equals, on this date, approximately 950.000 shares.

Under the Plan, stocks are awarded to the recipient upon their grant date. Subject to the terms of the Plan, each RSU shall grant the

F-53

Vinci Partners Investments Ltd.

Consolidated balance sheet

All amounts in thousands of reais

beneficiary the right to receive one (1) share, subject to the satisfaction of the conditions for acquisition of the shares. The RSUs awarded to the beneficiary shall be vested in different tranches, as long as the service condition is fulfilled and verified. The vesting dates may vary from 1 to 6 years after the granted date, accordingly to the dates defined in each Restricted Share Unit Award Agreement.

If an eligible participant ceases its relationship with the Group, within the vesting period, the rights will be forfeited, except in limited circumstances.

Fair value of shares granted

Estimating fair value for share-based payment transactions requires determination of the most appropriate valuation model and underlying assumptions, which depends on the terms and conditions of the grant and the information available at the grant date.

The Company uses certain assumptions to determine the RSUs fair value at the granted date, including the following:

•

Market value of the shares at the granted date.

•

Estimative of dividend yield and the US interest rate for the years comprised from the granted date until the vesting dates.

These estimates also require determination of the most appropriate inputs to the valuation models including assumptions regarding the expected life of a share-based payment.

Outstanding shares granted and valuation inputs

During the second quarter of 2023 57,413 RSUs were vested, remaining outstanding 690,557 RSUs as of June 30, 2023. Total compensation expense of the plans for the six-month period ended June 30,2023 was R$ 4,645, including R$ 806 of social charges provisions (R$ 1,865 for the six-month period ended June 30, 2022, including R$ 476 of social charges).

Subsequent Events

According to the Repurchase Program (Note 16(f)), from July 01, 2023 to July 27, 2023, 205,612 Class A common shares were repurchased by the Entity, in the amount of R$ 9,860.

F-54

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