PATRIA INVESTIMENTOS LTDA

Thesis

Patria Investimentos Ltda. is a prominent alternative asset management firm with over 35 years of experience, primarily focused on Latin America. Founded in 1988 and headquartered in São Paulo, Brazil, the firm operates as a regulated asset manager. Their investment thesis centers on private equity (mid-market buyouts and growth equity), real estate (development and income-producing assets), infrastructure (energy, transport, and logistics), and private credit. Patria targets controlling or influential minority positions in asset-heavy, cash-flow-positive businesses, employing a strategy of consolidating fragmented industries and driving value creation through capital for growth, strategic guidance, and operational support. They leverage deep local market understanding, sector expertise, and a strong network to identify and execute opportunities. The firm's geographic scope is mainly Latin America, with a strong presence in Brazil and offices in Colombia and Chile, as well as offices in the U.S. (New York) and Europe (London). As of February 2026, Patria's AUM reached approximately $52.6 billion, with a goal to reach $70 billion by the end of 2027. They raised a record $7.7 billion in 2025. Patria has a history of strategic partnerships, including with Salomon Brothers and Blackstone, and IPO'd on NASDAQ in 2021.

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