Brazil-based alternative asset manager Patria has closed its biggest ever infrastructure fund with capital commitments of approximately $2.9bn for investment in Latin America, according to a report by Bloomberg. The fund will target infrastructure opportunities across the region, with a focus on sectors such as renewable energy, digital infrastructure, sanitation, logistics and transport.
A range of institutional investors including pension plans, insurance companies, and family offices, were active participants in the raise, marking broad support for Latin America-focussed infrastructure exposure. It forms part of a wider trend of growing investor appetite for alternative investments in emerging markets.
Patria has around $49bn in assets under management as of June, with $7.3bn in infrastructure funds.
