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Patria To Raise $900M For Brazil PE Fund
Patria Investimentos is planning to raise around $900 million for its new private equity fund.
Patria Investimentos is planning to raise around $900 million for its new private equity fund, The Wall Street Journal reports. The Blackstone Group-backed Brazilian investment firm aims to raise more for Patria Private Equity Fund IV than the $630 million raised by the previous vehicle.
The new portfolio will execute a control strategy in Brazilian companies, by acquiring a company and using it as a platform to buy other companies. The placement agent for the fund is Park Hill Group.
Click here for the story from The Wall Street Journal.