Patria eyes next Latin America private credit strategy
Patria Investments is set to launch the next vintage of its Latin America private credit strategy, following the close of its first fund, which raised $314m (£226.5m) in commitments.
The $60.1bn global alternative asset manager stated that the fund will offer investors access to a large, structurally under-levered corporate credit market and builds on the firm’s $12.3bn platform in the Latin America.
According to Patria, the first vintage of the fund has already deployed more than 70 per cent of capital into 14 transactions.
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“Latin America is a large, under-levered corporate credit market where reliable capital remains scarce,” said Javier Montero, partner and head of private credit at Patria. “That scarcity, combined with a persistent regional risk premium, can keep spreads elevated even when fundamentals are resilient, supporting attractive yield without relying on higher leverage.”
Patria stated that private credit represents less than 1 per cent of a roughly $2.3tn Latin American corporate credit system, reflecting limited institutional allocation.
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Patria is a global middle-market alternative asset manager in Latin America and has a strong presence in Europe. Across over 210 private credit and structured transactions, Patria has deployed more than $3.1bn.
The firm recently strengthened its credit franchise through the acquisition of a 51 per cent stake in Brazil’s Solis Investimentos.
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