Welcome to our dedicated page for Patria Investments news (Ticker: PAX), a resource for investors and traders seeking the latest updates and insights on Patria Investments stock.
Patria Investments Limited (symbol: PAX) is a global alternative asset manager with a noteworthy presence in Latin America. Founded over 35 years ago, Patria has established itself as a leader in the investment management sector. The company offers a diversified platform encompassing Private Equity, Infrastructure, Credit, Public Equities, Real Estate, and Global Private Markets Solutions strategies. With combined assets under management (AUM) of over $32 billion, Patria aims to provide consistent returns through long-term investment opportunities. Patria operates in 13 cities across 4 continents, reflecting its substantial global reach.
Patria’s core business includes managing a variety of investment products tailored for both global and Latin American investors. These products allow for portfolio diversification and aim to deliver consistent returns. The firm's innovative approach is evident in its diverse portfolio, which spans corporate advisory, capital management, infrastructure, and real estate.
Recent achievements illustrate Patria’s dynamic growth and strategic acquisitions. The company recently expanded its Real Estate vertical by acquiring a team and funds totaling approximately R$12 billion in AUM. This move positions Patria to manage one of the largest and most diversified real estate portfolios in Brazil. Additionally, Patria launched Global Private Markets Solutions, adding over $8 billion in Fee Earning Assets Under Management across mid-market primaries, secondaries, and co-investment strategies.
Patria's financial condition remains robust. For the full year 2023, the firm generated Fee Related Earnings (FRE) of $148 million, up 14% from 2022, and Performance Related Earnings of $47 million. This resulted in Distributable Earnings of $188 million, or $1.26 per share, marking a 26% year-over-year EPS growth. The company's IFRS results included net income attributable to Patria of $118.4 million for the year.
The company's strategic partnerships further underscore its industry leadership. In 2010, Patria entered a formal partnership with Blackstone, one of the world's leading investment and advisory firms, which acquired a 40% interest in Patria. This partnership has bolstered Patria’s capabilities and expanded its influence in the global investment landscape.
Patria's commitment to innovation and growth is evident in its recent transactions. In the first quarter of 2024, Patria reported generating over $35 million in Fee Related Earnings, a 13% increase from Q1 2023. The firm also declared a quarterly dividend of $0.175 per share, reflecting its solid financial performance and shareholder value proposition.
With its strategic acquisitions, robust financial performance, and a diversified investment portfolio, Patria Investments Limited continues to solidify its position as a leading alternative asset manager in Latin America and beyond. For further information, visit www.patria.com.
Patria Investments (Nasdaq:PAX) has announced a change in the record date for its previously declared quarterly cash dividend of $0.15 per share. The record date has been moved from February 28, 2025, to February 25, 2025, while the payment date remains unchanged at March 17, 2025.
Patria is a global alternative asset manager with a leading position in Latin America, managing $41.9 billion in total assets. The company operates through a diversified platform offering strategies including Private Equity, Infrastructure, Credit, Real Estate, Public Equities, and Global Private Markets Solutions. With a 35-year history, Patria maintains offices in 13 cities across 4 continents, serving both Latin American local investors and global investors.
Patria (Nasdaq:PAX) reported strong Q4 and full year 2024 results, exceeding its fundraising target with $5.5 billion raised, including $300 million in Advisory business. The company's Fee Earning AUM reached $33 billion, showing 38% year-over-year growth. Fee Related Earnings hit the target of $170 million for 2024, up 15% from 2023, with a 57% FRE margin.
Q4 2024 highlights include $54.8 million in Fee Related Earnings (18% increase from Q4 2023) and $89.1 million in Distributable Earnings ($0.58 per share). Performance Related Earnings reached $41 million, primarily from the sale of Aguas Pacifico. The company declared a quarterly dividend of $0.15 per share, payable March 17th, 2024.
For 2025, Patria targets $6 billion in fundraising and $200-225 million in FRE, building on their diversified platform strategy and expanded distribution capabilities.
Patria Investments (NASDAQ: PAX) has announced that its Infrastructure Fund III (IS Fund III) will sell Aguas Pacifico, a multi-client water desalination project under construction in Chile, to Patria Infrastructure Fund V (IS Fund V) and other investors. The sale agreement, signed in December 2024, is expected to complete in Q1 2025.
The transaction has received support from multiple global investors, including sovereign wealth funds and institutional investors, demonstrating the platform's long-term attractiveness. Aguas Pacifico, located in Chile's central region, is strategically positioned for growth due to severe water scarcity and strong demand in the area.
The deal showcases Patria's strategic approach to infrastructure investment in Latin America, highlighting their ability to develop and de-risk high-quality assets while partnering with global investors. Patria manages over $44 billion in assets across various classes including Private Equity, Infrastructure, Credit, Public Equities, Real Estate, and Global Private Markets Solutions.
Patria (Nasdaq:PAX) has announced its upcoming fourth quarter and full year 2024 financial results release, scheduled for Wednesday, February 12, 2025. The company will host a conference call and public webcast at 9:00 a.m. ET on the same day.
As a global alternative asset manager with a strong presence in Latin America, Patria manages $44.7 billion in total assets and operates from 13 cities across 4 continents. The company, established over 35 years ago, offers diverse investment strategies including Private Equity, Infrastructure, Credit, Real Estate, Public Equities and Global Private Markets Solutions.
Investors can access the webcast through a provided link, and a replay will be available on Patria's website. The company encourages interested parties to sign up for press release updates through their investor relations email alert system.
Patria (Nasdaq:PAX) reported strong Q3 2024 results with Fee Earning AUM reaching $34 billion, showing 58% year-over-year and 9% sequential growth. The company generated $34.9 million in distributable earnings ($0.23 per share) and $40.6 million in Fee Related Earnings, up 13% from Q3 2023. Organic fundraising exceeded $2 billion in Q3, primarily driven by credit business and GPMS platform, with year-to-date fundraising of $4.2 billion. The company declared a quarterly dividend of $0.15 per share and maintains its 2024 FRE target of $170 million and 2025 target of $200-225 million.
Patria (Nasdaq:PAX) has announced its upcoming third quarter 2024 investor call. The company will release its financial results on Tuesday, November 5, 2024, followed by a conference call and public webcast at 9:00 a.m. ET. Investors can register for the call using the provided link. For those unable to attend the live broadcast, a webcast replay will be available on the Shareholders section of Patria's website.
Patria emphasizes its commitment to keeping investors informed by distributing earnings releases through its website and email lists. Interested parties can sign up to receive Patria press releases via email through the company's investor relations website.
Patria (Nasdaq:PAX) reported its Q2 2024 earnings, showcasing solid progress towards its goals. Fee Related Earnings reached $40 million, up 17% from Q2 2023. Distributable Earnings were $33.8 million, or $0.22 per share. The company raised $2.2 billion organically in H1 2024 and $5 billion over the last 12 months. Patria completed several acquisitions, including abrdn's private equity solutions business and Nexus Capital. The company announced plans to repurchase up to 1.8 million shares over the next year. Patria remains confident in reaching its 2024 Fee Related Earnings target of at least $170 million and aims for $200-$225 million in 2025. A quarterly dividend of $0.15 per share was declared, payable on September 9th, 2024.
Patria Investments (NASDAQ: PAX) has completed the acquisition of Nexus Capital, a leading independent alternative real estate asset manager in Colombia. This strategic move expands Patria's real estate platform in Colombia, adding over COP 3,000 billion (approximately US$ 725 million) in assets under management across multiple strategies. The acquisition boosts Patria's Real Estate AUM in Colombia to over US$ 2 billion.
While financial terms were not disclosed, the transaction is expected to be accretive to both Fee-related earnings and Distributable Earnings. Marcelo Fedak, Partner and Head of Real Estate at Patria, expressed enthusiasm about the acquisition, highlighting the Nexus team's talent, attractive returns, and innovative approach to investing. The integration is anticipated to contribute to Patria's goals and strengthen investor relationships in Colombia and the region.
Patria (Nasdaq:PAX), a global alternative asset manager, has announced its second quarter 2024 investor call scheduled for August 1, 2024, at 9:00 a.m. ET. The company will release its financial results and host a public webcast conference call. Investors can register for the call using the provided link, and a replay will be available on Patria's website.
Patria, with over 35 years of history and $32.0 billion in combined assets under management, is a leader in Latin American alternative investments. The firm offers a diverse platform of strategies including Private Equity, Infrastructure, Credit, Real Estate, Public Equities, and Global Private Markets Solutions. Patria has a global presence with offices in 13 cities across 4 continents.
On June 6, 2024, Patria Investments (NASDAQ: PAX) announced an agreement to acquire Nexus Capital, an independent alternative real estate asset manager in Colombia with $800 million in assets under management (AUM). This acquisition will boost Patria's real estate AUM in Colombia to over $2.2 billion. Patria aims to consolidate the region's fragmented real estate market. Nexus Capital, established in 2008, focuses on office, retail, industrial, and housing markets. Nearly 90% of Nexus' AUM are in permanent capital or long-duration structures. The transaction is set to complete by Q3 2024 and will contribute to Patria's growth goals, enhancing its investment offerings and relationships in Colombia.
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