Patria Launches $314M Latin America Credit Fund, AUM Climbs 26% to $52.6B
Patria launched a new Latin America private credit strategy after its first fund raised $314M with a 15.6% gross IRR and added $3.5B in fee-earning assets via the Solis Investimentos acquisition. In Q4, AUM rose 26% to $52.6B while fee-related earnings grew 19% to $202.5M and management fees reached $338.7M.
1. New Latin America Credit Strategy
On February 11, Patria unveiled a dedicated Latin America private credit strategy following its inaugural fund’s $314 million close and 15.6% gross IRR across 14 deals. The initiative targets senior secured, USD-denominated lending in a region where private credit represents less than 1% of a $2.3 trillion corporate credit market.
2. Major Acquisitions Bolster Global Platform
Patria completed a majority stake acquisition in Brazil’s Solis Investimentos, adding $3.5 billion in fee-earning assets to its structured credit platform. It also acquired Share Student Living’s 4,100-bed Brazilian student housing portfolio and U.S. private equity solutions manager WP Global Partners to deepen real estate and mid-market PE offerings.
3. Q4 and FY2025 Financial Performance
In Q4 2025, AUM grew 26% year-over-year to $52.6 billion, fee-related earnings increased 19% to $202.5 million, and management fees reached $338.7 million. Distributable earnings hit $78.5 million in the quarter and $200.9 million for the full year, surpassing consensus forecasts.
4. 2026–2027 Outlook and Capital Returns
Patria targets $7 billion in fundraising for 2026, fee-related earnings of $225–245 million, and fee-earning AUM of $70 billion by 2027. The board approved a $0.15 per share dividend and expanded share repurchase authority to return excess capital to investors.