Patria Reports Third Quarter 2024 Earnings Results
Patria Investments Limited - Class A Common Shares (PAX)
Company Research
Source: GlobeNewswire
GRAND CAYMAN, Cayman Islands, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the third quarter ended September 30, 2024. The full detailed presentation of Patria's third quarter 2024 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/. Alex Saigh, Patria’s CEO, said: “The third quarter of 2024 was another exciting quarter for Patria as Fee Earning AUM reached $34 billion representing year-over-year and sequential growth of 58% and 9% percent, respectively. We also delivered $34.9 million of distributable earnings or $0.23 per share and remain confident in reaching our 2024 FRE target of $170 million as well as our 2025 target of $200 million to $225 million. The highlight of the quarter was our robust organic fundraising of over $2 billion, led by our credit business and our GPMS platform, and we’ve raised more than $4.2 billion year to date through the end of 3Q, putting us on track to me
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PAX
Earnings
- 5/2/24 - Miss
PAX
Sec Filings
- 12/9/24 - Form 6-K
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- PAX's page on the SEC website