Patria Investments and Bancolombia to form a joint venture.

Patria Investments, a global alternative asset manager, and Bancolombia, full-service financial conglomerate, agreed to form a joint venture. Financial terms were not disclosed. “We’re very excited to announce this partnership with Bancolombia, which continues our efforts to build comprehensive local asset management practices that can provide investors with tailored alternatives products in their local currencies, as well as access to Patria’s suite of existing regional products. Patria is already an established investor in Colombia through our private equity and infrastructure funds, and joining with a leading brand and distribution partner gives us a more complete presence in the country,” Alex Saigh, Patria CEO.