Brazil’s Vinci Partners, with former BlackRock exec as CEO, to incubate U.S. managers with $50-100 million apiece
June 07, 2012
Firm hires Chuck Clarvit, who resigned as co-head of BlackRock Alternative Advisors last year.
Brazilian asset manager Vinci Partners is making a splash in North America, hiring the former co-head of BlackRock Alternative Advisors to be chief executive of its American arm and laying out plans to incubate emerging managers with major investments.
Vinci, which manages about $1.4 billion in two Rio de Janeiro-based hedge funds, hired Chuck Clarvit at the end of April to serve as CEO of Vinci USA. Clarvit was formerly a principal at fund of funds Quellos Group, which was purchased by BlackRock in 2007. He then served as co-head of BlackRock Alternative Advisors until March 2011. Clarvit is based in Vinci’s New...
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