Finance
Latin America’s Patria Eyes Piece of Saudi Crown Prince’s Vision
- Asset manager’s CEO sees ‘a lot of opportunity’ in kingdom
- Investment push comes ahead of key Rio investment conference
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Patria Investments Ltd., one of the largest alternative asset managers in Latin America, is working with its portfolio companies to boost investment into Saudi Arabia as it looks to deepen relations with the oil-rich kingdom.
At least three of Patria’s firms, including gym club operator Smartfit and acai maker Frooty, are exploring opportunities to expand to Saudi Arabia, according to Chief Executive Officer Alexandre Saigh.