Patria acquires Moneda for more infrastructure investments

Latin America-based alternative money manager Patria Investments has announced its intention to purchase private credit specialist Moneda Asset Management in a deal valued at US$315 million.

As part of the said deal, which is on course to be completed by the close of 2021, Moneda’s shareholders will be given over US$187 million in Patria Investments’ Class B common stock and US$128 million in cash

This was made clear in a joint announcement issued by both firms on the third of September. 

The new combined firm’s total assets under management will rise to about US$26 billion. Moneda Asset Management alone boasts of over US$10 billion in AUM, and is currently managing both public and private credit as well as public equities.

“Complementary is the word that defines this transaction,” said Olimpio Matarazzo, a Senior Managing Partner and Board Chairman at Patria Investments’ in a press statement. The release also indicated that ultimate completion of the deal remains subject to regulatory approvals and related procedures.

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