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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