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 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 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.
Patria Investments Limited announced the pricing of its initial public offering (IPO) of 30,098,824 Class A common shares at $17.00 per share. The offering includes 16,650,000 shares from Patria and 13,448,824 shares from Blackstone PAT Holdings IV. The shares will trade on Nasdaq under the ticker symbol PAX. The closing of the offering is anticipated on January 26, 2021. Patria intends to use the proceeds for capital commitments, operational expansion, and general corporate purposes. Underwriters hold a 30-day option for an additional 4,514,823 shares.