Brazilian asset manager Pátria Investimentos has closed its fourth infrastructure fund, Patria Latam Infrastructure Fund IV, with BRL10 billion (US$1.86 billion) commitment from investors. 

The Fund would likely invest in logistics, energy, and telecoms sectors in Brazil and in Latin American countries, including Chile and Colombia. 

Patria Investments is the leader in alternative asset management in Latin America, with over 30 years of experience in Private Equity, Infrastructure, Real Estate, and Credit. U.S. private equity firm Blackstone Group Inc owns 40% in Patria. 

The investment phase of Patria Latam Infrastructure Fund IV will be completed by 2021.