05:14 PM EDT, 07/16/2024 (MT Newswires) -- Patria Investments ( PAX ) said Tuesday it completed the acquisition of Colombian real estate asset management firm Nexus Capital.

The acquisition boosted Patria's real estate assets under management in Colombia to more than $2 billion, the company said.

Financial terms of the deal weren't disclosed.

Patria said it expects the transaction to be accretive to both fee-related earnings and distributable earnings.

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