Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 215

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 7
Chunk 215
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 common shares in Patria Investments Limited directly, he owns equity interests in Inversiones Sao Paulo SpA and Inversiones Puerto Aventura Limitada, which are shareholders of Patria Investments Limited. This information includes the 20,217 Class A Common Shares beneficially owned by Mr. Benítez since January 2024. Mr. Benítez disclaims beneficial ownership of the shares held by Inversiones Sao Paulo SpA and Inversiones Puerto Aventura Limitada except to the extent, if any, of his respective pecuniary interest therein. The address of such entities is Camino El Golf 1863 House 11, Zapallar, Valparaiso, Chile.

B. Related Party Transactions

Partners’ Compensation

We made cash payments as compensation (excluding dividends) to our direct partners amounting to US$7.4 million, US$6.9 million and US$5.7 million in the years ended December 31, 2024, 2023 and 2022, respectively. Additionally, we paid to certain of our partners an aggregate amount of US$13.2 million as bonus compensation out of which US$ 7.8 million were paid in cash and US$ 6.2 million were paid in Class A common shares in the month of February 2025.

Carried Interest Allocation

Our senior managing directors and certain employees are entitled to receive 35% of the performance fee receivable from its investment funds through a carried interest vehicle, as they are its ultimate beneficial owner. See note 23(b) to our audited consolidated financial statements.

Deferred consideration

We entered into deferred consideration agreements with employees and management of the acquired businesses in exchange for their continued services. See note 21(b) to our audited consolidated financial statements.

Long-Term Incentive Plan

We introduced an equity incentive program to provide long-term incentives to certain employees, directors, and other eligible participants in exchange for their services. See “ Item 6. Directors, Senior Management and Employees - B. Compensation - Long-Term Incentive Plan” for additional information.

Strategic Bonus

Our employees in Chile are beneficiaries of certain long-term bonuses as part of the compensation for their services. See note 15(b) to our audited consolidated financial statements.

Lease Commitments

Certain lease payments were made for various office premises, a portion of which were paid by Moneda to its related party entity excluded from the acquisition of Moneda. The lease