Patria Investments Reaches US$312 Million Final Close for Structured Credit Fund (Latin America)
Posted On: 08 Oct 2018 | Source(s): BNDES
Brazil-focused alternative asset manager Patria Investments has reached a final close for Patria Crédito Estruturado with BRL1.2 billion (approximately US$312 million) in capital commitments. Development finance institutions BNDES, IFC and IDB Invest committed BRL250 million (US$65 million), BRL188 million (US$49 million) and BRL160 million (US$42 million), respectively, to the fund. Other investors include pension funds and family offices. The fund will offer structured credit financing of up to seven years to middle-market companies without access to capital markets in Brazil.