Industry News
The sports-focused, operator-founded private equity firm recently closed its inaugural sports fund “substantially” above its initial target.
The new ceo has been with the retirement association since 2021.
The fund closed at its hard cap with $616 million in total commitments, surpassing the private equity firm’s original target of $475 million.
The new directors of U.S. intermediary sales will cover the South Central and Northeast regions, respectively.
The new hire will focus on expanding the firm’s institutional investor relationships.
The fund surpassed the firm’s original target of $725 million.
The retirement association will consider appointing a new ceo this week.
The acquisition will strengthen Patria Investments’ local presence and investment capacity in North America.
The hire will lead new business development nationally with a focus on institutions, consultants and outsourced cios.
The foundation named the managing director of a nearby investment office as its next cio to complete a search initiated last year as the previous investment head left to join a family office firm.