Patria Investments Acquires RBR Gestão to Expand Listed REITs Portfolio to $1.5bn in Brazil

Patria Investments has agreed to acquire RBR Gestão, adding $1.5bn in listed real estate investment trusts in Brazil. The deal solidifies Patria's position as the leading manager of listed REITs in Brazil and enhances its scale in credit and multi-asset strategies. Pro-forma, permanent capital vehicles will account for 22% of total FEAUM. The acquisition is expected to close in Q1 2026 and be accretive to both FRE and DE in the first year.