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 (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.
Patria Investments (NASDAQ:PAX) has received approval from REIT shareholders to acquire Credit Suisse’s Brazilian Real Estate funds (CSHG Real Estate), which manage approximately $2.4 billion in Fee Earning AUM. This acquisition will increase Patria’s Real Estate AUM to over $6 billion, up from less than $700 million in 2021. The transaction, expected to be completed by August 30th, will also increase Patria’s permanent capital to roughly 20% of total Fee Earning AUM. This move solidifies Patria’s position as a leading independent manager of REITs in Brazil and Latin America, while expanding its presence in Brazil, Chile, and Colombia. The acquisition includes seven REITS, with over 960,000 shareholders, and aims to diversify and scale Patria’s Real Estate offerings across various property types. Marcelo Fedak and Daniel Sorrentino of Patria praised the strategic growth and new opportunities this acquisition brings.
Patria (Nasdaq:PAX) reported strong unaudited results for the first quarter of 2024, including $35 million in Fee Related Earnings, a 13% increase from the previous year. Distributable Earnings were over $31 million, or 21 cents per share. The company raised $1.1 billion organically and closed acquisitions, showing confidence in reaching financial targets. Net income was $15.4 million, with a quarterly dividend of $0.175 per share declared.
Patria Investments completed the acquisition of the private equity solutions business from abrdn, expanding its global private markets capabilities. This transaction adds over $8 billion in Fee Earning Assets Under Management across mid-market Primaries, Secondaries, and Co-investment strategies. The new vertical, Global Private Markets Solutions, combines Patria's existing global private markets vehicles with the acquired platform to form a new growth engine for the investment platform. With tailored client solutions and drawdown funds, including primaries, secondaries, and co-investment strategies, this acquisition enhances Patria's ability to serve clients globally.
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