Patria Investments (PAX) has released an update.
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Patria Investments reported a strong third quarter for 2024, with Fee Earning Assets Under Management climbing to $34 billion, marking a significant 58% year-over-year increase. The firm generated $34.9 million in distributable earnings, equating to $0.23 per share, and successfully raised over $5.6 billion organically in the past year. Patria’s diversified growth strategy is proving effective, setting the stage for future expansion.
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