RTTNews | Jun 11, 2021 09:21AM EDT

09:21 Friday, June 11, 2021 (RTTNews.com) - XP Inc. (XP) announced the acquisition of a minority stake in Capitnia Investimentos, an independent traditional asset manager in Brazil specializing in Corporate Credit, Real Estate and Infrastructure investment strategies. Founded in 2003, Capitnia manages over R$11 billion of assets.

Capitnia Investimentos currently manages 30 investment funds for 140,000 individual investors and more than 80 institutional investors.

The completion of the transaction is subject to compliance with certain precedent conditions.

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