Key Takeaways
- • Itaú Unibanco has agreed to acquire a 35% stake in Prisma Capital, a Brazilian alternative asset manager overseeing about R$28 billion, with terms not disclosed.
- • The minority stake structure, reportedly via preferred shares, leaves Prisma's existing partners in control of the firm.
- • Prisma Capital, founded in 2017, focuses on alternative investments and credit, including special situations and credit funds.
- • The transaction mirrors Itaú's earlier backing of Kinea, signaling a similar playbook in the alternatives segment.
Summary
Itaú Unibanco has signed an agreement to acquire a 35% stake in Prisma Capital, a Brazilian alternative asset manager overseeing about R$28 billion in assets, according to the primary report. Terms of the transaction were not disclosed. Itaú described the move as a strategic investment.
Prisma Capital was founded in 2017 and manages alternative assets. Según reports from multiple outlets, the stake expands Itaú's exposure to special situations and credit funds, a growing segment of Brazil's asset-management market. Valor International reported that the bank reached the agreement to acquire the stake, and Itaú Unibanco is described as seeking to expand its presence in alternatives in Brazil. Reporting indicates that, once completed, Itaú will hold its 35% through preferred shares while the existing partners retain control of the firm.
The deal echoes Itaú's earlier investment in Kinea, an asset manager the bank backed decades ago. Commentary on the transaction frames it as a repeat of that approach, applied to alternatives. By taking a minority position rather than a full buyout, Itaú gains exposure to the sector while keeping Prisma's founders in place, a structure that preserves the manager's independence and supports its expansion.
Prisma Capital was founded in 2017 and manages alternative assets. Según reports from multiple outlets, the stake expands Itaú's exposure to special situations and credit funds, a growing segment of Brazil's asset-management market. Valor International reported that the bank reached the agreement to acquire the stake, and Itaú Unibanco is described as seeking to expand its presence in alternatives in Brazil. Reporting indicates that, once completed, Itaú will hold its 35% through preferred shares while the existing partners retain control of the firm.
The deal echoes Itaú's earlier investment in Kinea, an asset manager the bank backed decades ago. Commentary on the transaction frames it as a repeat of that approach, applied to alternatives. By taking a minority position rather than a full buyout, Itaú gains exposure to the sector while keeping Prisma's founders in place, a structure that preserves the manager's independence and supports its expansion.
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