International Finance Corporation (IFC) Invests in new Brazilian Fund

IFC – a member of the World Bank – invested up to 780 million Brazilian Real (equivalent to circa 150 million US-Dollar) in a new infrastructure debt fund managed by Pátria Investimentos Ltda., a leading independent investment firm in Latin America. The goal is to help enhance Brazil’s competitiveness by supporting critical infrastructure investments while also helping boost capital markets development.

The fund will have a target size of five billion Brazilian Real and invest on infrastructure projects in sectors that are key to boost economic growth in Brazil, IFC explained. “The fund will also help tackle climate issues, as it will focus on solutions and technologies that mitigate emissions in sectors such as renewable energy, digital infrastructure, transport, waste management, and water & sanitation.”

According to the information, Pátria Investimentos is an experienced Brazilian fund manager with over 26.5 billion US-Dollar equivalent of assets under management, and it has a long-standing relationship with IFC, which includes debt facilities and equity investments.

ifc.org/en/home, patriainvestimentos.com.br

(Published in GLOBAL RECYCLING Magazine 3/2023, Page 8)