Patria Investments Limited reports developments tied to its global alternative asset management platform, with recurring updates on operating results, fundraising, fee-related earnings, assets under management, dividends, and capital-structure matters. The firm focuses on mid-market investments across select regions, with activity in Infrastructure, Credit, Real Estate, Private Equity, Solutions (GPMS), and Public Equities.
Company news also covers Patria's private credit strategies, fund launches and closes, and corporate development across its asset-management platform. Its investment themes include agribusiness, power and energy, healthcare, logistics and transportation, food and beverage, and digital and technology services, with a particular emphasis on Latin America and broader global private markets relationships.
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.
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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.
Patria (Nasdaq:PAX) will host its inaugural Investor Day on December 5, 2022, in New York, starting at 1 PM ET. The event will feature presentations from the senior leadership team highlighting Patria's multi-year growth strategy and market outlook, followed by a Q&A session. Registration details will be available on Patria's website soon. With over 30 years in the industry and $26.3 billion in assets, Patria specializes in alternative investments across Latin America, aiming to provide consistent returns across various sectors including Private Equity and Real Estate.
Patria (Nasdaq: PAX) is set to announce its financial results for Q3 2022 on November 3, 2022, at 10:30 a.m. ET. A public webcast will accompany the release. Interested parties can register through a provided link. For those unable to attend live, a replay will be available on Patria's website. As a prominent alternative investment firm in Latin America, Patria manages $26.3 billion in assets and specializes in Private Equity, Infrastructure, Credit, Public Equities, and Real Estate.
Patria Investments Limited (NASDAQ: PAX) announced the appointment of Ana Russo as Chief Financial Officer, effective October 3, 2022. She brings extensive financial expertise, previously serving as CFO for Philip Morris in multiple regions. Marco Nicola D’Ippolito will transition to Chief Corporate Development Officer, focusing on growth strategies. The handover aims for full CFO responsibilities to be transitioned by January 1, 2023. Patria emphasizes her qualifications to enhance financial operations and shareholder relations.
Patria Investments Limited (PAX) announced that its portfolio company, Lavoro Limited, is set to merge with TPB Acquisition Corporation I, creating the first US-listed pure-play Latin American agricultural inputs retailer. This transaction, expected to conclude in Q4 2022, aims to bolster Lavoro’s expansion through increased capital and technological expertise. Lavoro, Brazil’s largest agricultural inputs retailer, plans to enhance global food security and sustainability. As of mid-2022, Patria's Private Equity Fund V, which invested in Lavoro, reportedly held a net IRR of 24%.