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) will release its first quarter 2023 financial results on May 4, 2023, at 9:00 a.m. ET. This event will be accompanied by a conference call accessible via public webcast, allowing investors and the public to follow the results live. For those unable to attend, a replay of the webcast will be available in the Shareholders section on Patria’s website. Patria is a prominent alternative investment firm in Latin America, managing approximately $27.2 billion in assets across various investment sectors including Private Equity, Infrastructure, Credit, Public Equities, and Real Estate. The firm focuses on providing long-term investment opportunities while aiming to create sustainable value for society.
Patria (Nasdaq:PAX) announced strong financial results for Q4 and the full year 2022, achieving a net income of $46.5 million in Q4 and $93.0 million for the year. The company reported Fee Related Earnings (FRE) of $35.3 million in Q4, a 20% increase year-over-year, with an FRE margin of 58%. For the full year, FRE grew by 51% to $130.0 million. Distributable Earnings were $53.3 million in Q4, equating to $0.36 per share, and $147.1 million for the year, at $1.00 per share. Additionally, Patria declared a quarterly dividend of $0.308 per share, payable on March 22, 2023, following the record date of March 1.
Patria (Nasdaq:PAX) has announced the release date for its financial results for the fourth quarter and full year 2022, scheduled for February 14, 2023. A conference call will be held at 9:00 a.m. ET, accessible via public webcast. The event aims to provide stakeholders with essential updates on the company's performance. Patria, an alternative investment firm with over 30 years of experience, manages $26.5 billion in assets across various sectors, including Private Equity and Infrastructure. Interested parties can register for the call and access the webcast replay on Patria's website.
Patria Investments Limited (NASDAQ: PAX) has finalized agreements to divest its interests in ODATA, a Brazilian data center service provider, and a partial stake in Entrevias, a toll road operator in São Paulo. These divestments are projected to yield around $1.4 billion for Patria's Infrastructure Fund III. ODATA, known for its expanding operations across Latin America, will be acquired by Aligned Data Centers. This action highlights Patria’s strategy to address infrastructure bottlenecks and optimize asset performance, expanding cumulative distributions to fund investors to approximately $2 billion.
Patria Investments (NASDAQ: PAX) has acquired Igah Ventures, enhancing its Venture Capital strategy in Latin America. This acquisition allows Patria to address all growth stages, complementing its existing Private Equity strategies focused on mature companies.
Igah Ventures, operating since 2013, manages $320 million in total assets and has a robust track record investing in startups. The deal includes an upfront cash payment, equity in PAX Class A shares, and an earnout based on fundraising targets. This partnership aims to leverage Patria's extensive platform to accelerate growth for both companies.
Patria (Nasdaq:PAX) announced its Q3 2022 results, reporting $12.2 million in net income, a 46% increase in Fee Related Earnings to $31.7 million, and distributable earnings of $29.7 million, equivalent to $0.20 per share. The company raised over $2.7 billion this year, reflecting a 67% year-to-date increase in Fee Related Earnings, maintaining its guidance for 2022. A quarterly dividend of $0.171 per share was declared, payable on December 7, 2022. Patria boasts $26.5 billion in assets under management and a 57% FRE margin.
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