The International Finance Corp. (IFC) is investing up to BRL 780 million ($150 million) in a new infrastructure debt fund managed by Patria Investimentos, and as the anchor investor, will help mobilize investments from institutional investors.
Patria Infra FIDC1, IFC will have a target size of BRL 5 billion ($1 billion) and invest on infrastructure projects in sectors that are key to boosting economic growth in Brazil. The fund will focus on solutions and technologies that mitigate emissions in sectors such as renewable energy, digital infrastructure, transport, waste management, and water and sanitation.
“Brazil is embracing local capital markets instruments to attract private investments,” said Carlos Leiria Pinto, country manager of IFC Brazil. “IFC's investment in Patria Investimentos' new debt fund will contribute to increasing access and improving the quality of infrastructure services through private sector participation in capital markets, which is essent