What stage does Patria Investments invest at?

Patria Investments invests at the Growth, Late Stage stages.

What is Patria Investments's typical check size?

Patria Investments typically writes checks of $5M.

What sectors does Patria Investments focus on?

Patria Investments focuses on Fintech, InsurTech, SaaS, Sector Agnostic.

Where is Patria Investments located?

Patria Investments is headquartered in Sao Paulo, BR.

Who does Patria Investments co-invest with?

Patria Investments most often shares deals with Insper Angels, LIV Capital, Tages Capital SGR S.p.A., among 3 tracked co-investors.

Patria Investments

Private equity

Sao Paulo · Growth–Late Stage · 7 people tracked

Also known as PATRIA CAPITAL PARTNERS LLP · PATRIA FINANCE LIMITED · PATRIA INVESTIMENTOS LTDA · PATRIA INVESTMENTS URUGUAY AGENTE DE VALORES S.A. · PATRIA PRIVATE EQUITY (EUROPE) LIMITED · PATRIA VBI REAL ESTATE GESTAO DE CARTEIRAS S.A

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Investment thesis

Patria Investments is a global alternative asset manager with over 35 years of history and a worldwide presence, applying a distinctive analytical approach across a broad range of sophisticated investment solutions. Its private equity activity spans opportunities such as the evolving secondaries market for liquidity and portfolio flexibility, and asset-light, technology-enabled models in the financial and insurance sector. The firm also examines how emerging technologies like AI affect sectors such as SaaS, evaluating software positioning, customer profiles, and data advantages when assessing growth and returns.

Invests inFintech InsurTech SaaSSector AgnosticColombia George Town Latin America Montevideo Sao Paulo Uruguay

Source: firm website, verified Aug 25, 2026.

Stage

Growth–Late Stage

Check

$5M

Sao Paulo, FL, BR

Instruments

Equity

AUM

$3.3B

VC funds

Tracked investments

Team · 7 people

from the firm's website & curated

Lane Tan· Managing Director, Private Equity· Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysiain

Lane joined Vynn Capital in September 2019 and manages office operations and corporate secretarial support. She previously worked at Teak Capital and the Walden International-affiliated BI Walden group.

Pedro Sirotsky Melzer· Partner· Sao Paulo, Brazilin

Pedro Sirotsky Melzer is a venture capital investor who has been active in the industry since 2010 and has invested in more than 50 companies, including iFood, Infracommerce, and Contabilizei. He is a founding partner at Igah Ventures, which was acquired by Patria Investments in 2022, where he now serves as partner and head of the venture capital initiative. Prior to his venture capital career, he worked as Global Revenue Manager at Apple Online Store during the iPhone launch and holds an MBA from the Kellogg School of Management.

p•••@igahventures.comreveal

Thiago Maluf· Managing Director· Sao Paulo, Brazilin

Thiago Maluf is a Managing Director at Patria Investments, where he joined following the 2022 acquisition of Igah Ventures, a Brazilian venture capital firm where he was a partner. Since 2017, he has invested in over 15 Latin American companies across multiple growth stages, including early-stage investments in Avenue Securities, Conexa Saúde, and Logcomex, while serving on more than 10 boards. He previously worked in private equity at TPG Capital, TPG Growth, and other investment firms, and holds an MBA from the University of Chicago Booth School of Business and a B.B.A. from Fundação Getúlio Vargas.

t•••@igahventures.comreveal

Haresh Vazirani· Managing Director· Phra Nakhon, Bangkok City, Thailandin

Managing Director at Patria Investments and author of a whitepaper analyzing AI's varying impact across the SaaS market.

Gregory Oberholtzer· Chairman, US PE Investments (GPMS)· United Statesin

Gregory Oberholtzer is CIO and Senior Managing Partner at WP Global Partners, with more than 30 years of investment advisory experience centered on alternative asset management and financial product structuring for institutional clients. Before WP Global he was a Director at WestAM, handling small and middle market buyouts, special situations, and co-investments, and previously held senior roles at Forstmann-Leff International's Global Derivatives Group and Jefferies Group's Analytical Trading Group. He holds a B.B.A. from George Washington University.

Johnny Perkins· Analyst· Irvington, New York, United Statesin

Johnny Perkins joined WP Global Partners in 2025 as an analyst, working on investment diligence, portfolio monitoring, and the investment process for equity co-investments and private equity funds. He previously interned in the private investments group at Moore Capital Management during the summer of 2024. He holds a B.S. in Finance and Computer Science from Wake Forest University.

Karen Naughton· Chairman, US PE Investments (GPMS)· Philadelphia, Pennsylvania, United Statesin

What they invest in

from 1 of 4 portfolio companies

Fintech ×1

Investments · 4 tracked

founders shown can be your intro path

Eixo SP

Highway concessionaire managing over 1,200 km of highways across 62 municipalities in São Paulo, Brazil, with multiple ISO certifications and GHG-reduction initiatives.

Lavcalavca.org in 𝕏

LAVCA (The Association for Private Capital Investment in Latin America) is a membership organization for the Latin American private capital community, connecting private equity, venture capital, and real estate fund managers, development banks, pension funds, sovereign wealth funds, family offices, and corporate investors.

Fintech

Co-investorsInsper Angels LIV Capital

Transparency Report UNPRI 2020windows.net

Co-investorsTages Capital SGR S.p.A.

Updated policypatriawebsitesassets.blob.core.windows.net

Fund performance · per public LP disclosures · 2

as of Mar 2025

Fund	Vintage	Committed	Net IRR	TVPI	DPI
Patria Infrastructure Fund III, LPLPs: Empire State Development – New York Ventures	2015	—	—	1.65x	1.46x
Patria Brazil Real Estate Fund IILPs: North Carolina Retirement Systems	2010	—	0.6%	—	—

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Patria Investments invest at?: Patria Investments invests at the Growth, Late Stage stages.
What is Patria Investments's typical check size?: Patria Investments typically writes checks of $5M.
What sectors does Patria Investments focus on?: Patria Investments focuses on Fintech, InsurTech, SaaS, Sector Agnostic.
Where is Patria Investments located?: Patria Investments is headquartered in Sao Paulo, BR.
Who does Patria Investments co-invest with?: Patria Investments most often shares deals with Insper Angels, LIV Capital, Tages Capital SGR S.p.A., among 3 tracked co-investors.

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