Patria Investments Acquires Credit Suisse’s $130m Brazilian Real Estate Fund Business

Credit Suisse said on Wednesday it reached a deal to sell its real estate fund management business in Brazil to asset manager Patria Investments for up to 650m reais (around $130m).

The bank, owned by UBS, will transfer to Patria the Credit Suisse Hedging-Griffo Real Estate business, comprising listed real estate funds with around $2.4bn in assets under management.

This will add up to Patria’s 18bn reais ($3.67bn) under management in real estate, the asset manager said in a separate statement.

The deal is still subject to antitrust and investors’ approval.

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Patria Investments is a leading global alternative asset manager with over 35 years of experience and a long track record of success in Private Equity, Infrastructure, Credit, Public Equities, and Real Estate. Established in 1994, the firm has a combined assets under management of over $28.4bn and a global presence with offices in 10 cities across four continents. Patria is recognized as a pioneer in the Latin American investment landscape, consistently delivering attractive long-term returns for its investors.

Patria’s commitment to innovation and adaptability has been key to its success. The firm has continuously evolved its investment strategies to capture emerging trends and capitalize on new opportunities in the global markets. Patria’s focus on technology and digital transformation has also been instrumental in enhancing its operational efficiency and broadening its reach.

Source: Reuters

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