Blackstone-Backed Pátria Raises USD588m in US IPO, Blackstone Partially Exits
Source(s): Valor
Blackstone Group-backed Pátria Investimentos has raised USD588m in a US IPO, with Blackstone reducing its stake to 14% for USD262m. Pátria will use the proceeds to launch new funds and expand its business in Brazil and Latin America. Read more