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 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.
Patria Investments Limited (PAX: NASDAQ) successfully completed the initial public offering of its portfolio company SmartFit, pricing shares at R$23 and raising at least R$2.3 billion. The fitness club operator began trading on the Brazilian B3 Stock Exchange on July 14, 2021, marking the largest IPO in Latin America for a fitness company. Patria holds its stake in SmartFit through its fifth private equity fund, which has achieved a Gross MOIC of 2.3x and Net IRR of 32% as of March 31, 2021, outperforming similar funds globally.
Patria (Nasdaq:PAX) reported strong Q1 2021 results, with management fees up 31% and Fee Related Earnings (FRE) up 14% year-over-year. The company posted a net income of $13 million for the quarter and $62 million for the last twelve months (LTM). Patria's FRE for Q1 2021 was $17 million, with a 57% FRE margin, and $73 million LTM FRE, a 36% increase from the previous period. The company declared a quarterly dividend of $0.106 per share, payable on June 16, 2021, showcasing its commitment to returning value to shareholders.
Patria (Nasdaq:PAX) is set to release its first-quarter 2021 financial results on May 20, 2021, at 9:00 a.m. ET, followed by a conference call accessible via a public webcast. Investors can view the live broadcast or find the replay on Patria's website. With over 30 years of experience, Patria manages more than US$ 14 billion in assets across Latin America's private markets, focusing on delivering consistent returns through diverse investment products.
On March 18, 2021, Patria (Nasdaq: PAX) announced its unaudited financial results for Q4 and FY 2020. Key highlights include a Q4 net income of $16 million and FY total of $62 million. Fee Related Earnings rose to $20 million in Q4, a 20% increase from Q4 2019, with full-year FRE of $71 million, an increase of 13%. The company reported $70 million in Distributable Earnings for FY 2020, showing an 11% year-over-year growth. The firm emphasizes growth potential following its initial public offering.
Patria Investments Limited (NASDAQ: PAX) has successfully closed its first evergreen, publicly-traded Core Infrastructure fund, Patria Infraestrutura Energia Core (PICE), securing total commitments of approximately R$ 800 million. This yield-focused fund aims to invest in high-quality power generation and transmission assets in Brazil, offering liquidity through the São Paulo Stock Exchange (B3). CEO Alexandre Saigh emphasized the strong investor support and the attractive, defensive return profile of Core Infrastructure investments, particularly in a low interest rate environment.
Patria (Nasdaq:PAX) will host its fourth quarter and full year 2020 investor conference call on March 18, 2021, at 4:30 p.m. ET. Investors can register for the webcast here. A replay will be available on Patria's website for those unable to attend live. The firm manages over US$ 14 billion in assets and focuses on private equity and infrastructure investments across Latin America, aiming for consistent returns and sustainable value creation.
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