Patria Investments announces agreement to acquire VBI Real Estate to anchor Brazil platform

Patria Investments has announced an agreement to acquire VBI Real Estate, one of the top independent alternative real estate asset managers in Brazil, with approximately R$5 billion ($1 billion) in assets under management across both development and core real estate vehicles.

The transaction is structured in two stages, the first of which entails the acquisition of 50 percent of VBI by Patria. The second stage, when closed, will lead to full ownership and integration of VBI to Patria’s platform.

“We are very excited to join forces with VBI as the key anchor for our real estate strategy in Brazil looking forward,” said Alex Saigh, Patria’s CEO. “Over the last 15 years, VBI’s team built a stellar track record and established the firm as a top player in the Brazilian market. This transaction aligns Patria with highly specialized investment talent and represents an important step in building valuable permanent capital AUM.”

The Brazilian market include