Patria Prepares Next Vintage of Latin America Private Credit Strategy to Capture Structural Scarcity in Corporate Lending

Builds on successful close of US$314 million dedicated Latin America private credit vintage and expands Patria’s 26-year, US$12.3* billion AUM regional credit platform Highlights: Patria is preparing the next vintage of its Latin America private credit strategy, targeting an under-levered corporate credit market where reliable capital is scarce. Across more than 210 private credit and structured transactions, Patria has deployed more than US$3.1 billion across 24 industries and seven countries and delivered a historical unlevered IRR of 14.3% (USD deals), with consistent performance driven by structure and selectivity, not macro timing. The portfolio reflects a focus on senior secured, US dollar-denominated loans structured with robust collateral, covenants, and cash-flow protections for mid-market and family-owned borrowers. As of 31 December 2025, the fund deployed more than 70% of capital into 14 transactions. Private credit represents less than 1% of a roughly US$2.3 trillion Latin American corporate credit system1, reflecting limited institutional allocation and a small number of scaled, dedicated managers.