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) is set to release its financial results for Q4 and the full year of 2021 on February 15, 2022, at 9:00 a.m. ET. A public conference call will accompany the release, allowing stakeholders to hear about the company’s performance and outlook directly. Interested parties can register for the call through a provided link. The firm manages nearly $25 billion in assets, bolstered by its recent combination with Moneda Asset Management. The announcement aligns with Patria's commitment to delivering attractive returns and sustainable value in alternative investments across Latin America.
Patria Investments (NASDAQ: PAX) has launched a new Growth Equity strategy in collaboration with Kamaroopin, a private markets investment group. This partnership will be executed in two stages: acquiring a 40% minority stake and potentially a full business combination contingent on fundraising success. The Latin American market for Venture Capital and Growth Equity exceeds $15 billion, with significant demand. Kamaroopin's portfolio boasts a 2.7x gross multiple based on valuations, positioning Patria for future growth and profitability.
Patria Investments (NASDAQ: PAX) has successfully completed its merger with Moneda Asset Management, enhancing its asset management capabilities to nearly $25 billion.
This strategic combination significantly strengthens Patria's offerings in Private Equity, Infrastructure, and Credit within Latin America. With Moneda's expertise, Patria now boasts the largest credit investment platform in the region, managing over $5 billion. The deal opens opportunities for cross-selling between their institutional client bases, solidifying their market position.
Patria (Nasdaq:PAX) announced its Q3 2021 financial results, reporting a net income of $21.5 million and a 24% increase in Fee Related Earnings (FRE) to $21.8 million. The FRE margin stood at 58%, while Distributable Earnings amounted to $22.5 million or $0.165 per share. The company is on track to exceed $75 million in Fee Related Earnings for the year. A quarterly dividend of $0.140 per share has been declared, with a payment date of December 16, 2021. Patria also announced its merger with Moneda Asset Management as part of its growth strategy.
Patria (Nasdaq:PAX) will release its third quarter 2021 financial results on November 18, 2021, followed by a conference call at 9:00 a.m. ET. The call will be accessible via a public webcast. For those who miss the live session, a replay will be available on Patria's website.
Patria is a leading investment firm in Latin America, managing over US$15.8 billion in assets. The company focuses on private equity, infrastructure, and various country-specific investment products, aiming to deliver sustainable value and attractive returns.
Patria Investments (NASDAQ: PAX) announced its merger with Moneda Asset Management on September 3, 2021, which will result in a dominant investment platform in Latin America with $25.9 billion in assets under management. The transaction strengthens Patria's offerings, particularly in credit investments, and positions it as a leading player in Private Equity and Infrastructure. Moneda, with a robust history of top performance, will enhance cross-selling opportunities. The deal, valued at $315 million, is expected to close by the end of 2021, pending regulatory approval.
Patria Investments Limited (PAX: NASDAQ) announced the full divestment of Centro de Imagem Diagnosticos S.A. (Alliar) through a private sale of 25,012,323 common shares. This transaction marks a significant move towards completing the divestment process of its Private Equity Fund III, which has delivered top quartile returns in Latin America since 2007. The divestment is subject to regulatory approvals and the termination of a Shareholders’ Agreement. Alliar, a major player in Brazil's medical diagnostics sector, is focused on expanding through acquisitions and partnerships.
Patria (Nasdaq:PAX) announced its Q2 2021 results, featuring a net income of $73.4 million and Fee Related Earnings (FRE) of $17.6 million, a 19% increase year-over-year. The company reported distributable earnings of $74.2 million, translating to $0.545 per share, boosted by $56.4 million in Performance Related Earnings. A quarterly dividend of $0.463 per share was declared, payable on September 16, 2021. Patria continues to accelerate capital deployment and earnings growth, highlighting a robust financial position.
Patria Investments Limited (PAX: NASDAQ) announces its successful acquisition of two toll road projects in Colombia: Malla Vial del Valle and Santa-Mocoa-Neiva. The company will invest up to US$345 million through its Infrastructure Fund IV. The Rutas del Valle project involves a 356km toll road network with an equity commitment of US$115 million, while Ruta al Sur is a 484km project with an estimated US$700 million in road improvements. These ventures deepen Patria’s foothold in Latin America, managing approximately 3,500 kilometers of toll roads.
Patria (Nasdaq: PAX) will release its Q2 2021 financial results on August 19, 2021, followed by a conference call at 9:00 a.m. ET. The results will be accessible via a public webcast, with a replay option on Patria’s website. Notably, Patria manages over US$ 14 billion in assets and has a presence in Latin America’s private markets, focusing on long-term investment opportunities across various products, including Private Equity and Infrastructure.
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