DCM Patria COF

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 The proposed project involves supporting Pátria Investimentos Ltda. (the “Fund Manager” or “Pátria”) by investing in Pátria Crédito Estruturado Fundo de Investimento em Direitos Creditórios (the “Fund” or “Project”), a credit opportunity fund (“COF”). This capital market vehicle will mobilize local and international institutional investors and will provide long-term credits to domestic mid-size companies that are underserved by the local banking sector. As part of IFC’s Capital Market Development Strategy, the Project has the potential to enhance capital market development in Brazil by channeling more capital flows than in the past from local and international institutional investors into underdeveloped credit markets, enhancing capital market liquidity and extending available credit tenors. The Fund can influence the local industry and set up high standards as well as performances that may consolidate the COFs as an investible asset class for local institutional investors.