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Stock impact report

Kanastra: Private Credit Infrastructure Gets A Full-Stack Overhaul [Forbes]

Patria Investments Limited - Class A Common Shares (PAX) 
Company Research Source: Forbes
Within “alts”, private credit has been one of the fastest-growing and most overlooked segments. With some estimates for the asset class standing at $1.8T (largely driven by direct lending in the US), others have sized the more complex asset-based finance market in emerging economies closer to $20T. In countries like Brazil, regulators are actively encouraging investment in private credit while simultaneously spurring the creation of new non-bank and fintech loan originators. Thanks to macroeconomic and regulatory tailwinds, the market has grown 230% over the last five years, driven largely by private markets behemoths such as Ares and Patria expanding their footprint into private credit. The sector's AUM has now outpaced the technology that supports it, with both funds and originators relying on manual, headcount-heavy processes and technologies. As co-founders of a $500M asset management firm in Brazil, Gustavo Mapeli and Manuel Netto were well-acquainted with the pain of managing Show less Read more
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