Patria Investments, a global alternative asset manager, has launched a new venture capital strategy, anchored by the acquisition of Igah Ventures, one of the pioneers of the sector in Latin America.Â
Patria Investments (Patria), a global alternative asset manager, has launched a new venture capital strategy, anchored by the acquisition of Igah Ventures, one of the pioneers of the sector in Latin America.
By expanding its platform to include venture capital, Patria now offers products and solutions throughout the equity investment cycle to address all stages of growth. Igah’s business complements Patria’s existing private equity and growth equity strategies, which are focused on relatively mature companies, by adding investment expertise in startup and early-stage companies.
Igah Ventures has been operating since 2013 with three funds raised from local and international investors, and has invested in startups such as Infracommerce, Contabilizei, Unico, Avenue and Conexa Saúde. Overall, the investment management company currently has $320 million in total assets under management and about $140 million in fee earning assets under management, as it prepares to launch its fourth fund.
Patria has acquired 100% of Igah Ventures. Specific financial terms of the transaction have not been disclosed.
