The proposed project involves supporting Pátria Investimentos Ltda. (the “Fund Manager” or “Pátria”) by investing in Pátria Crédito Estruturado Fundo de Investimento em Direitos Creditórios (the “Fund” or “Project”), a credit opportunity fund (“COF”). This capital market vehicle will mobilize local and international institutional investors and will provide long-term credits to domestic mid-size companies that are underserved by the local banking sector.
Pátria was founded in 2001 (successor to Banco Patrimônio, founded in 1988) by top seasoned professionals with extensive experience in the Brazilian M&A and Investment Banking sector, as well as Private Equity. Pátria was a pioneer in Private Equity in Brazil, and gradually expanded its portfolio with the creation of new businesses in Infrastructure, Real Estate, Credit, PIPE and Agribusiness. Blackstone, a global leader in alternative investments management, has been a major partner of Pátria since 2010 with a 40% shareholding interest.
The Fund Manager is deeply committed and has the ultimate strategic goal of developing the COF industry, creating an attractive asset class for local institutional investors to increase their diversification benefits and enhance the risk return of their portfolios, while increasing the access to finance of mid-size companies.
Pátria is 60% owned by a group of Brazilian individuals, including Olímpio Matarazzo Neto, Alexandre Saigh and Otavio Castelo Branco Neto, who together form the firm’s Executive Committee, and 40% owned by The Blackstone Group LP.
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ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/