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.
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.