From GlobeNewswire: 2025-02-12 06:00:00

Patria (Nasdaq:PAX) released unaudited Q4 and full year 2024 results, showcasing a successful year with $5.5 billion raised, surpassing a $5 billion target. Fee Earning AUM hit $33 billion, FRE reached $170 million, and PRE stood at $41 million, resulting in $189 million of Distributable Earnings for the year.

IFRS results for Q4 2024 included $56.8 million in net income and $73.4 million for the full year. Fee Related Earnings were $54.8 million in Q4, up 18% from the previous year, and $170.1 million for the full year, showing a 15% increase. Distributable Earnings were $89.1 million in Q4 and $189.2 million for the full year.

Patria declared a quarterly dividend of $0.15 per share, payable to shareholders on March 17th, 2025. The company will host a conference call on February 12th, 2025, at 9:00 a.m. ET to discuss the results. A webcast replay will be available on Patria’s website after the call.

Patria, a global alternative asset manager, aims to generate long-term investment returns and is a leader in Latin America, with total assets under management of $41.9 billion. The company offers various investment strategies, including Private Equity, Infrastructure, Credit, Real Estate, Public Equities, and Global Private Markets Solutions.



Read more at GlobeNewswire:: Patria Reports Fourth Quarter & Full Year 2024 Earnings