Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 133

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 133
---
 pooled internal rate of return net of management fees, carried interest and expenses charged by the general partners of the underlying investments but before the reduction of platform’s management fees and carried interest, fund expenses and gains/losses on distributed securities. Co-investments include single asset GP-led transactions

  Patria Investments Limited      85  

  Table of Contents  

Note: Data as of 30 September 2024. Primaries track record: comprises all primary funds selected by current members of the Patria investment team from 2008 to 30 September 2024. Excludes funds selected by former members of the SL Capital team from 2008-2012 and Aberdeen Asset Management team from 2008-2016 in which no current investment team member had any involvement in the selection process. Includes European, North American and Global buyout funds. Secondaries track record: comprises all secondary transactions completed from 2012 to 30 September 2024. Co-investments track record: comprises all investments by current members of the Patria investment team (2013-2017). (1) Returns are gross and represent the pooled internal rate of return net of management fees, carried interest and expenses charged by the general partners of the underlying investments but before the reduction of Patria’s management fees and carried interest, fund expenses and gains/losses on distributed securities. (2) Performance data excludes co-investments completed in 2024

Our Competitive Strengths

Since our inception, we have grown to become one of the leading alternative investment firms focused on Latin America in addition to having a specialized focused on middle market private equity solutions in developed markets, particularly Europe. We believe the following competitive strengths allow us to capitalize on industry trends and position us well for future growth:

Attractive investment performance track record across market cycles.

We have produced strong long-term investment performance across our product offerings, generating consistent excess returns relative to benchmarks. Our flagship private equity funds pooled 20-year net IRR in U. S. dollars was 15.9% as of September 30, 2024, outperforming the global Cambridge Associates benchmark by more than 130 bps as of September 30, 2024, which is the latest benchmark data available. In local currencies our 20-year net IRR return through September 30, 2024 was 19.4%. For our flagship infrastructure strategy, the pooled net IRR in U. S. dollars for our latest two vintages, or for the last decade