Pátria Buys 51% of Solis to Scale Its FIDC Platform

Overview

• Solis’s brand, strategies and team remain in place as founders Delano Macêdo and Ricardo Binelli continue to lead, with Pátria holding an option to acquire the remaining 49% within three years and the price undisclosed.
• Solis manages FIDCs exclusively, launched the first retail fund-of-funds after the 2023 CVM rule change, oversees roughly R$28–29 billion across about 120 funds, and employs around 100 people in Fortaleza and São Paulo.
• Retail access has fueled the category’s expansion, with Anbima reporting R$59.1 billion in net inflows and nearly 16% growth in net assets year-to-date through October, taking total FIDC assets to a little over R$700 billion.
• Pátria, which had R$272 billion in assets before the deal, says Solis’s origination and servicing capabilities will deepen its credit pipeline and tap opportunities within its broader portfolio ecosystem.
• Pátria’s José Augusto Teixeira estimates the potential “FIDCable” market near R$4 trillion, while Solis projects finishing the year around R$29 billion in AUM, roughly 40% above last year.