Patria Amazon DF (IFC-50340)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 10, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
PATRIA INVESTIMENTOS LTDA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Communications
  • Energy
  • Finance
  • Industry and Trade
  • Infrastructure
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 172.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 20, 2025

Disclosed by Bank Aug 6, 2025


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the IFC, the project involves the establishment of a debt fund, Patria Credito Estruturado Desenvolvimento Amazônia (the “Fund”) along with Patria Investimentos Ltda. (“Patria” or the “Fund Manager”) as Fund Manager, to mobilize funding for investments in the Brazilian Legal Amazon region. The Fund will ensure that the mobilized resources achieve the desired impact objectives of addressing the financing gap in the regions. Funds will be deployed for mid-to-large corporates as well as individuals and MSMES (micro, small, and medium enterprises) through supporting NBFIs (non-bank financial institution) whose use of proceeds directly supports initiatives within the area. The Fund will be incorporated as a Fundo de Investimentos em Direitos Creditórios with an initial fund life of 9 years.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the IFC, the Debt Fund will target small & medium enterprises (SMEs) and mid-cap companies in industrial, agriculture, logistics and warehousing related sectors through a collateral securitization strategy for receivables, individuals, and SMEs as well as payroll lending to individuals. The Fund may also support brownfield projects such as telecom, distributed energy, port terminals, airports and water & sanitation. Contextual Environmental and Social (E&S) risks in the region are of a high nature and include deforestation, child labor, land conflicts, potential adverse impacts on Indigenous People and biodiversity. The Project has therefore been categorized as FI-1. Higher E&S risk sub-projects, as well as coal-related activities, will not be eligible. Applicable requirements for the project include IFC’s Exclusion List, Brazilian E&S laws, the Performance Standards (PSs), and the WB EHS (World Bank Group Environmental, Health, and Safety) guidelines as applicable.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, Patria is a global alternative asset manager and industry leader in Latin America with more than 35 years of history and managing more than US$45 billion of assets globally. The firm operates in 4 continents in private equity, infrastructure, credit, public equities, and real estate. It has been traded on the Nasdaq since January 2021, with a market cap of US$1,572 million in April 2025. It has already established a presence in the Amazon region, investing R$1.2 billion and managing 12 companies, which have indirectly created 3,800 jobs and generated R$2.7 billion in revenues over the past 12 months.  


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Financial Intermediary - Patria Investiments:

Alexandre Coutinho - Partner and Head of Brazil Fixed Income
Phone: +55 11 3039 9608
Email: Alexandre.Coutinho@patria.com 
Address: Av. Cidade Jardim, 803, 01453 000, São Paulo, Brasil
Website: https://patria.com/  

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works