Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 122

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 122
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 December 31, 2024, even after the realization of US$162 million within the same period and adverse currency movements over that time.

In 2024, we implemented several important changes to our capital management policy to enhance our capital flexibility in order to fund our growth, including acquisitions, and long-term shareholder returns. Starting with our dividend in the second quarter of 2024, we transitioned from a variable quarterly dividend policy of approximately 85% of Distributable Earnings to a fixed quarterly dividend of U$0.15 per share, subject to annual review. In addition, we instituted a share repurchase plan of up to 1.8 million shares through June 2025, announced our intention to use repurchases to mitigate the impact of compensation-based share issuance overtime, and announced our plan to use Performance Related Earnings to fund acquisitions and/or repay acquisition related debt.

As of December 31, 2024, we had 577 professionals, of which 35 were partners, 21 of whom have worked together for more than 15 years. We operate in 13 offices around the globe, including investment offices in, Montevideo (Uruguay), São Paulo (Brazil), Bogotá and Medellín (Colombia), Santiago (Chile) and Edinburgh (Scotland) as well as client-coverage offices in New York (United States), Sausalito (United States), London (England), Dubai (UAE), Hong Kong (China) and Buenos Aires (Argentina), in addition to our corporate business and management office in George Town (Cayman Islands).

Our Vision

We seek to expand our successful business and investment strategy, which has been in place since the inception of our company, as we see the continuing growth of our industry and the increasing demand for our products. We seek to continue to grow as a global mid-market alternative asset manager specialized in key resilient sectors in two main regions, Latin America and Europe.

We strongly believe the acquisitions and investments we have made in our investment, product, and distribution capabilities will enable us to expand our leadership position in the regions where we operate in terms of capital raised for alternative strategies and among emerging markets-based alternative investments managers overall.

We understand that to become the gateway to mid-market investment opportunities to our investors, we must focus not only on continuing to deliver attractive risk-adjusted investment returns in our current products, but also develop new product capabilities that cater to the ever evolving investment needs and objectives of our clients. We seek to build long-term relationships with our