The Central Bank of Uruguay allowed the Brazilian company, one of the largest asset managers in Latin America, to operate as a securities agent.
He Central Bank of Uruguay (BCU) authorized to change license to Patria Investments, the company of Brazil which established itself as one of the largest alternative asset managers in Latin America.
With this modification, Patria Investments Uruguay, subsidiary of the Brazilian firm, will go from portfolio manager to securities agent,which will allow you to carry out brokerage, commission or other operations aimed at putting offerors and demanders of securities subject to public or private offering in contact.
This is a new step in the company’s strategy, which landed in the country in May 2022 as portfolio manager, which authorized him to manage in a discretionary and individualized manner the investments of third parties that are not covered by another figure supervised by the Superintendency of Financial Services of the BCU.
Patria Investments consolidates its operations in the country
The Uruguayan subsidiary, which presides Ricardo Leonel Scavazza and is located in the Zonamérica free zone in Montevideo, from where it can only operate offshore, thus consolidating its operations in the country, within the framework of its global presence with offices in 10 cities on 4 continents, which also marks a signal
Homeland It has nearly $33 billion of assets under management and offers its clients a wide range of products, with private equity, infrastructure, credit, stocks and real estate strategies.
The 14 investment funds that the BCU authorized Patria Investments Uruguay are the following:
- Patria Infrastructure Fund II AIV 1
- Patria Infrastructure Fund II AIV 2
- Patria Infrastructure Fund II
- Patria Infrastructure Fund III AIV 1
- Patria Infrastructure Fund III AIV 2
- Patria Infrastructure Fund III Feeder
- Patria Infrastructure Fund III
- Patria Private Infrastructure Fund III Feeder
- Patria Infrastructure Fund IV (Cayman)
- Patria Private Equity Fund III (Cayman)
- PBPE Fund IV (Cayman)
- PBPE Fund V (Cayman)
- Patria – Private Equity Fund VI (Cayman-B)
- Patria – Private Equity Fund VII (Cayman-B)
Source: Ambito
