Souza Mello advises XP on Brazil’s largest Alternative Funds fund management

Souza Mello advised XP Investimentos that raised a fund of R$ 1.2 billion to ‘popularise’ investment in start-ups and companies outside the Stock Exchange

Souza Mello assisted XP Investimentos in drawing up, reviewing and negotiating all the instruments related to the public offering of shares in the 1st issue of the XP Selection Alternativo Fundo de Investimento em Participações Multiestratégia.

The effective funding reached R$ 1.2 billion. With a consolidated total of more than 10 thousand shareholders, the fund is already the largest in its category.

The structuring and distribution processes of the offering, carried out in accordance with Instruction 400 of the Brazilian Securities Commission (CVM), were performed by XP Investimentos Corretora de Câmbio, “Título e Valores Mobiliários S.A.” (“XP Investimentos”), as lead coordinator.

Souza Mello partner Vitor Henrique Pagani Arantes (pictured) acted in the preparation, review and negotiation of all related instruments such as the prospectus, the placement agreement and all corporate matters involved in the offering, registration documentation with CVM and B3 – Brasil, Bolsa, Balcão, as well as providing legal advice regarding all aspects involved in the offering.

The law firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados was also involved as advisor to XP Asset.