Scoop: Patria's Fourth Fund Comes in at $1 Bln-$1.25 Bln

Patria Investimentos SA, which is partly owned by the Blackstone Group, has been out fundraising for its fourth fund which is red hot, sources say. The pool, Patria Private Equity Fund IV LP, recently hit a first close, three persons say. Two sources say the size of the pool ranges from $1 billion to $1.25 billion. In April, peHUB reported that the fund was pegged at $900 million but could easily smash that target.

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