Patria Investimentos, one of the leading alternative asset managers in Latin America, announced an agreement to acquire Nexus Capital, an independent real estate asset management company in Colombia. The transaction, which is expected to be completed in the third quarter of 2024, will add approximately 800 million dollars in assets to Patria’s portfolio.
With this acquisition, Patria’s Real Estate vertical in Colombia will reach a total of 2.2 billion dollars in assets under management.
Alfonso Duval, partner and head of the Andean region at Patria, highlighted that Nexus Capital has a robust portfolio and an innovative investment approach. “Nexus will be a great addition to our platform, significantly contributing to our growth objectives and strengthening our relationships with investors in Colombia and the region,” said Duval.
Marcelo Fedak, partner and head of Real Estate at Patria, expressed his enthusiasm for the integration of Nexus Capital into the company’s platform. “We are very pleased to welcome this talented team to Patria. Nexus’s diverse platform represents a valuable addition that will expand our product offerings and strengthen our relationships with key investors in Colombia,” said Fedak.
Founded in 2008, Nexus Capital focuses on the office, retail, industrial, and residential segments. The manager has a diversified portfolio, with around 90% of its assets in permanent or long-term capital structures. Nexus is one of the leading independent real estate managers in the country, led by a team of 28 professionals under the direction of Fuad Velasco.
In recent years, Patria has committed to expanding its presence in the real estate sector in Latin America. In 2022, the manager acquired 50% of VBI, with an option to purchase the remaining 50% in 2024. Additionally, the recent acquisition of the Real Estate unit of CSHG in Brazil consolidated Patria’s position as the largest independent real estate investment fund in the country, with over 4 billion dollars in assets under management.
In November 2023, Patria also celebrated a joint venture with Bancolombia, adding more than 1.3 billion dollars in real estate assets and leveraging the bank’s strong distribution platform in Colombia. With the integration of Nexus Capital, Patria expects to reach 7 billion dollars in assets under management in Latin America, with 90% of these assets in permanent capital vehicles.
Por Funds Society, Brazil