Fair value measurements using significant unobservable inputs (level 3)
The following table presents the changes in level 3 items for the year ended December 31, 2025 and December 31, 2024:
| Fair Value |
|---|
| Closing balance January 1, 2024 | 7,146 |
|---|
| Capital deployment | 61,531 |
|---|
| Sales and distributions | (163) |
|---|
| Transfer from level 2 to level 3 | 41,080 |
|---|
| Gain recognized in finance income | 22,859 |
|---|
| Closing balance December 31, 2024 | 132,453 |
|---|
| Capital deployment | 3,082 |
|---|
| Sales and distributions | (3,833) |
|---|
| Loss recognized in finance income | (1,635) |
|---|
| Closing balance December 31, 2025 | 130,067 |
|---|
Vinci Partners Investments Ltd.
Notes to the consolidated financial statements
Years ended December 31
All amounts in thousands of Brazilian Reais, unless otherwise stated
| 6 | Financial instruments at amortized cost |
| 12/31/2025 | 12/31/2024 |
|---|
| Certificate of deposit | 3,054 | 3,232 |
|---|
| Guarantee deposits | 3,087 | 3,759 |
|---|
| 6,141 | 6,991 |
| 12/31/2025 | 12/31/2024 |
|---|
| Receivables from employees (i) | 28,207 | 29,242 |
|---|
| Related parties’ receivables (ii) | 14,864 | 23,297 |
|---|
| Employees loans (iii) | 17,093 | 15,100 |
|---|
| Advances to projects in progress (iv) | 26,743 | 14,314 |
|---|
| Restricted deposit (v) | 6,152 | - |
|---|
| Finix Transaction Receivable (vi) | 5,365 | 12,075 |
|---|
| Prepaid expenses | 5,887 | 5,392 |
|---|
| Guarantee deposits | 1,346 | 1,096 |
|---|
| Sundry advances | 314 | 333 |
|---|
| Sublease receivables | - | 232 |
|---|
| Others | 2,512 | 3,660 |
|---|
| 108,483 | 104,741 |
| Current | 70,168 | 55,273 |
|---|
| Non-current | 38,315 | 49,468 |
|---|
| 108,483 | 104,741 |
| (i) | See Note 22 (d) for more details. |
| (ii) | Refers to an intercompany transaction. See Note 22 (b) for more details. |
| (iii) | Refers to amount’s receivable from employees. |
| (iv) | Refers to costs incurred by projects related to funds administered by Vinci Compass, that are initially paid by the Group and subsequently reimbursed. The growth is mainly related to new financial products launched by the Group in the 2nd semester of 2025, which increased the costs incurred by Vinci Compass with the initial costs of the Funds. |
| (v) | Refers to a restricted deposit maintained by CG Compass (USA) LLC to meet legal and contractual obligations. |
| (vi) | The amount is related to the sale of Fingroup shares, which occurred on October 14, 2024. Before the business combination, Compass held 50% ownership interest in Fingroup, sold before the closing date of the business combination. The outstanding receivable comprises the last installment of the transaction, to be paid on April 30, 2026. |
