Patria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, has reached a final close on its fifth private equity fund, Patria Brazilian Private Equity Fund V, with US$1.8 billion in capital commitments, surpassing its original US$1.5 billion target. Investors in the fund hailed from the United States, Canada, the Middle East and Asia. The Brazil-focused fund has flexibility to invest about 25 percent of the fund in other countries in the region.