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 (NASDAQ: PAX) is a global alternative asset management firm and foreign private issuer that regularly communicates with investors through detailed news releases and regulatory updates. As a leading asset manager in Latin America with a strong presence in Europe, Patria’s news flow reflects developments across its private equity, credit, real estate, infrastructure, public equities and solutions strategies.
News about Patria often highlights platform growth and acquisitions. Recent announcements include the agreement to acquire, and subsequent completion of the acquisition of, a 51% stake in Solis Investimentos, a Brazilian investment manager specializing in the structuring and management of CLOs. Patria has also announced an agreement to acquire RBR Gestão de Recursos Ltda., which is expected to hold a portfolio of listed REITs in Brazil, supporting Patria’s ambition to be the leading manager of listed REITs in that market.
Investors following PAX news can also track quarterly earnings releases, where Patria reports net income, Fee Related Earnings, Distributable Earnings, fundraising volumes and changes in fee-earning assets under management. These releases are typically accompanied by earnings presentations and conference call webcasts, providing additional context on performance and strategy.
Corporate governance and structural updates are another recurring theme. Patria has announced the creation of a Global Chief Operating Officer role to oversee key corporate functions and described changes in its chief financial officer position and board composition through press releases and 6-K filings.
This news page aggregates Patria’s press releases, earnings announcements, transaction updates and governance changes, offering a centralized view of the developments that shape the company’s alternative asset management platform and its presence in Latin America, Europe and the U.S.
Summary not available.
Summary not available.
Summary not available.
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.
Summary not available.
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.