Bloomberg Línea — Brazilian alternative investment manager Pátria Investimentos (PAX), which manages $26.5 billion, has bought venture capital company Igah. The transaction amount was not disclosed.
Igah Ventures, founded in 2013, is in its fourth fund, which will fetch $150 million. In the other three, the firm invested in companies such as Contabilizei, which raised $60 million with SoftBank earlier this year, Avenue Securities (bought 35% by Itaú), the unicorn Unico, which raised $100 million with Goldman Sachs, and Conexa Saúde, which received R$200 million from Goldman Sachs and General Atlantic this year.
In all, Igah has $320 million under management. With Igah, Pátria announces a new venture capital strategy for investments at all stages, from Private Equity, Growth Equity through Kamaroopin, and now early stages with Igah.
The Brazilian VC manager said it will maintain its Seed, Series A, and Series B investment model.
Also on Thursday Pátria announced the divestment of 55% of Entrevias Concessionária de Rodovias (Entrevias) to VINCI, a French concessions, energy, and construction company.
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