Pátria’s new fund

Brazil’s Pátria Investimentos announced that the round of fundraising for its new Latin America-focused infrastructure fund is underway. The fund is targeting a size of US$1bn and will concentrate on illiquid assets across sectors such as transportation, sanitation and energy.

Colombian fintech entering Brazil

Colombian fintech Mono, which offers digital banking services for startups, announced its expansion into the Brazilian market.

Mono aims to replicate its successful model based on digital corporate accounts, tailored for the local startup ecosystem in Brazil.

Desktop issues BRL bonds

Brazilian fiber internet provider Desktop announced the issuance of BRL 600mn (around US$110mn) in bonds.

Proceeds will be used to refinance existing debt and to expand its network coverage.

Source: BNamericas