Reports total Assets Under Management of $28.2B as of June 30, 2023, up 7% compared to one year ago. Alex Saigh, Patria’s CEO, said: “Patria’s Q2 results reflect continued solid financial performance, as we delivered Distributable Earnings of 30c per share, driven by steady and growing Fee Related Earnings and again a contribution from Performance Fees. Fee Earning AUM is up 8% from the prior quarter and 15% from one year ago, and capital formation is accelerating with organic inflows of $1.5B in the quarter plus the announcement of our new partnership with Bancolombia. I am pleased with our execution so far this year, and we remain focused and committed to our targets for 2023 and beyond.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PAX:
- Patria Reports Second Quarter 2023 Earnings Results
- Patria Announces Second Quarter 2023 Investor Call
- Patria Investments announces joint venture with Bancolomobia
- Patria Investments Announces Partnership with Bancolombia to Continue Latin American Expansion
- Patria Investments announces definitive agreement for the sale of Delly’s
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue