Brazilian alternative investments manager Patria Investments Ltd. has set up its latest flagship private equity fund, Patria Private Equity Fund VI, L.P. (PE VI).
PE VI, the largest Latin America-focused fund raised to date, secured around $2.75 billion of capital commitments.
With the funds raised, the company will aim at investing in middle market companies.
U.S. law firm Simpson Thacher & Bartlett LLP represented Patria Investments in the establishment of the vehicle.