Exclusive: Departure of Two Executives Prompts Patria to Recalculate Course Toward Internal Restructuring

Managing $3.6 billion in assets, Patria’s real estate investment funds (FIIs) rank among the most prominent in the secondary market. Following its merger with VBI and Credit Suisse, the firm expanded its real estate operations, but exclusive information obtained by REsource indicates that the company is now preparing for another restructuring.

This week, FII portfolio managers Augusto Martins and Bruno Margato packed up their desks and left the firm. Both had been part of Credit Suisse’s team and retained their positions after the M&A.

The unexpected departure of the two is likely to trigger a shift in strategy for some of Patria’s FIIs. The company stated that both will take on a role in strategic partnerships, without assuming a fixed management position.

"Since 2022, Patria Investimentos has been working under the leadership of Rodrigo Abbud to consolidate its Real Estate Brazil platform through the acquisition of new businesses and the evolution of its funds, becoming the largest independent manager in the segment in Brazil. As part of the institutionalization of the platform, Patria announces that Augusto Martins and Bruno Margato will assume the role of Strategic Partnerships. This structure strengthens the team’s alignment with the goal of delivering the best results for our investors and ensuring the longevity of our business," the company told REsource.

The overhaul will now focus particularly on the brick-and-mortar segment, which includes vehicles such as Pátria Prime Offices (HGPO11), Pátria Log (HGRE11), and Pátria Malls (PMLL11).

Today, the firm’s portfolio includes high-performing assets such as Sky Corporate, Vera Cruz II, Berrini One, Pátio Victor Malzoni, Faria Lima 4440, and others. In addition, the manager holds industrial properties in Cajamar, Betim, Barueri, Extrema, and other cities.