Patria Investments Limited - PAX STOCK NEWS

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.