XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil
Additionally, the development of independent asset managers meets XP's strategy by contributing to an increase in secondary market liquidity. Higher liquidity is vital when we think about the disintermediation in the credit industry through capital markets.
Currently, Jive manages approximately
One of Jive's strategic initiatives is to enter the retail channel. “Our initial focus was investing in highly complex assets for institutional investors. Now, we are extending our investment offerings into products with lower risk and complexity profiles, which are more appropriate for a wider audience,” commented
“Jive is a leading player in alternative investments in
Initial product development initiatives will be focused on high yield credit, real estate, and legal assets. More broadly, Jive plans to offer a more complete and integrated investment platform in alternative and illiquid assets, with differentiated products for investors. Moreover, management is planning on expanding the company’s offering of asset management, collection, and recovery services to third parties, including banks, pension funds and large companies.
The governance and independence of each company will remain unchanged.
The closing of the transaction is dependent on the approval of
Jive Investments (www.jiveinvestments.com.br) is an integrated alternative asset management platform focused on the origination, acquisition and recovery of non-performing loans (“NPL”), real estate in complex situations, judicial assets and other distressed assets. A leader in investing in distressed assets in
XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in
- Educating new classes of investors;
- Democratizing access to a wider range of financial services;
- Developing new financial products and technology applications to empower clients; and
Providing high-quality customer service and client experience in the industry in
XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control.
XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.