Patria Investments: Q3 Earnings Snapshot

Patria Investments (Nasdaq: PAX) reported its unaudited results for the third quarter ended September 30, 2024, showcasing robust growth and strong performance across various metrics. The company's diversified platform and strategic investments have driven its success, positioning it for continued growth and resilience.


Fee Earning AUM Reaches $34 Billion
Patria's Fee Earning Assets Under Management (AUM) reached $34 billion in Q3 2024, representing year-over-year and sequential growth of 58% and 9%, respectively. This impressive growth is a testament to the company's diversified platform and strategic investments in distribution and new product development.

Robust Organic Fundraising
Patria's organic fundraising efforts have been a significant driver of its growth. In Q3 2024, the company raised over $2 billion, led by its credit business and Global Private Markets Solutions (GPMS) platform. Year-to-date, Patria has raised more than $4.2 billion, putting it on track to meet or exceed its $5 billion fundraising target for 2024. Over the last 12 months, the company has raised over $5.6 billion, all organically, highlighting its ability to attract and retain clients.

Strong Financial Performance
Patria generated Fee Related Earnings (FRE) of $40.6 million in Q3 2024, up 13% from $36.0 million in Q3 2023, with an FRE margin of 53%. Distributable Earnings were $34.9 million for Q3 2024, or $0.23 per share. The company remains confident in reaching its 2024 FRE target of $170 million, as well as its 2025 target of $200 million to $225 million.

Diversification and Resilience
Patria's diversified platform strategy, encompassing Private Equity, Infrastructure, Credit, Real Estate, Public Equities, and Global Private Markets Solutions, helps mitigate risks associated with market volatility and economic downturns. By allocating capital across various asset classes, Patria reduces exposure to any single sector or market, ensuring resilience and long-term growth.


In conclusion, Patria Investments' Q3 2024 earnings snapshot demonstrates the company's strong performance and growth potential. Its diversified platform, robust organic fundraising, and strategic investments have positioned it for continued success in the alternative asset management space. As the company continues to expand its investment platforms and geographies, it is well-positioned to capitalize on new opportunities and drive long-term growth.

Patria Investments' commitment to returning capital to shareholders was evident in its declaration of a quarterly dividend of $0.15 per share, paid in accordance with its new capital management strategy. This dividend reflects the company's financial discipline and responsibility, further enhancing its long-term sustainability and growth prospects.