Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 306

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 306
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’ respective termination dates and are measured at FVTPL. As of December 31, 2024, the Group’s ownership interest in each of these investments (excluding interest owned indirectly through investment funds in notes (c) and (e)) ranged from 0.00005 9.78 0.00005 5.78

(a) The Group’s holding in Patria Growth Capital Fund I Fundo de Investimento em Participações Multiestratégia at a market value of US$ 13.2

(b) The Group purchased shares on behalf of PBPE General Partner V, Ltd.’s investment fund PE V in Lavoro Agro Limited (“ Lavoro”) at a price of $ 3.50 8.2

These performance fees were crystallized in conjunction with the IPO of Lavoro. The limited partner of the fund and Patria agreed that, because of the successful completion of the transaction, part of the crystallized performance fee was settled through Lavoro issuing shares to Patria (total amount of US$ 15.5 3.50 10 12.3 3.5

(c) The Group has committed approximately 46 24 24.42 10.32 9.5 5.44 28.23 22.35 22.35

(d) An investment is held in Lavoro Agro Fi Nas Cadeias Produtivas Agroindustriais Fiagro Direitos Creditorios ( 5.62 5.78

(e) The Group holds 39 7.2

(f) Other investments include US$ 2.2

The following is the breakdown of long-term investments by region:

               December 31, 2024                  December 31, 2023              
 ─────────────────────────────────────────────────────────────────────────────────
  Brazil                              37,449                             55,930  
  Other                               11,767                              1,805  
  Balance                             49,216                             57,735  

Single investments held through investment funds are allocated in accordance with the country of incorporation of underlying investments.

  Patria Investments Limited      F-32  

  Table of Contents  

  Notes to the consolidated financial statements                                             
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  
  (Amounts in thousands of United States