Publications

Patria Investments and Modea to launch largest credit investment platform in Latin America
Infrastructure - SEPTEMBER 7, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Patria Investments and Modea to launch largest credit investment platform in Latin America

by Kali Persall

Patria Investments is planning to combine with Chile-based Moneda Asset Management to create the largest credit investment platform in Latin America, with $25.9 billion in assets under management.

With more than $10 billion in assets under management across credit and public equities, Moneda is a major investment firm in Latin America. The new platform will manage more than $9.7 billion in private equity, $5.5 billion in credit, $5.1 billion in infrastructure, $2 billion in advisory and distribution, $3 billion in public equities and private investments in public equities, and $500 million in real estate investments.

Under the agreement, Moneda partners will receive an upfront consideration of $315 million, in a combination of $128 million in cash and $187 million in PAX class B common stock. There will be an additional consideration payable in years two and three after closing and a potential earn out payable after 2023, in a combination of cash and PAX class A common

Forgot your username or password?