Patria Investments Ltd. ( (PAX) ) has released its Q3 earnings. Here is a breakdown of the information Patria Investments Ltd. presented to its investors.
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Patria Investments Ltd. is a global alternative asset manager based in Latin America, specializing in diverse investment strategies such as Private Equity, Infrastructure, and Credit, with a strong focus on serving both local and global investors.
In its third quarter of 2024, Patria Investments Ltd. reported significant growth in its Fee Earning Assets Under Management (AUM), reaching $34 billion. The company also achieved distributable earnings of $34.9 million or $0.23 per share, with robust organic fundraising efforts totaling over $4.2 billion year-to-date.
Key financial highlights include a 13% increase in Fee Related Earnings, amounting to $40.6 million compared to the previous year, and a quarterly dividend of $0.15 per share. Patria’s fundraising success underscores the diversification of its investment platforms, which have significantly contributed to the company’s growth since its initial public offering.
Looking forward, Patria Investments remains confident in achieving its Free Related Earnings targets for 2024 and 2025, reflecting a positive outlook on its continued growth and expansion in the alternative investment sector.
