Patria Investments is to combine with Moneda Asset Management, an asset manager headquartered in Chile. The merger will create an investment platform in Latin America, with $25.9 billion in assets under management focused on private equity, infrastructure and credit investments in the region.
The combination will enhance Patria’s product offering by adding the largest credit investment platform in Latin America. It will also create the number one Private Investments in Public Equities manager in the region. The combination of the two operations will add geographical exposure within Latin America through client base and product offering and will open the opportunity for cross-selling, leveraging a complementary investor base.
“Our leadership team is thrilled that both companies are coming together. We are quickly delivering on the expansion strategy that we presented during our initial public offering earlier this year,” says Alexandre Saigh, Patria’s CEO. “The transaction will be accretive to earnings per share within the first year.”
The combined platform will manage over $9.7 billion in private equity, $5.5 billion in credit (including$650 million exposure to private credit), $5.1 billion in infrastructure,$2 billion in advisory & distribution, $3 billion in PIPE and public equities and $500 million in real estate investments, in most cases with top-quartile returns.
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