Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 124

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 124
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 strategies across a wider variety of asset classes, with plans for continued expansion.

Platform overview by asset class as of December 31, 2024

Notes: Currency Exposure Hard / Soft (%) reflects the percentage of FEAUM exposed to each classification of currency. Soft currency exposures include vehicles which are either denominated in a soft (i. e. local) currency or have management fee exposure through the underlying investments where fees are charged on net asset value. Effective Management Fee Rate reflects the LTM management fee revenue divided by the average FEAUM for the past 12 months. Real Estate Effective Mgmt. Fee Rate includes the proforma impact of 100% of VBI and the Bancolombia initiative which is effective at Patria’s 50% and 51% ownership levels, respectively. On August 1, 2024, Patria concluded the acquisition of the remaining 50% interest of VBI Real Estate in Brazil.

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From December 31, 2009 to December 31, 2024, our Total AUM increased from US$2.4 billion to US$41.9 billion at a compounded annual growth rate (“ CAGR”), of 20.9% per year. Our FEAUM, defines the effective capital managed by us on which we derive management fees, and as of December 31, 2024 our FEAUM were US$ 32.9 billion and grew at a 44% CAGR from year end 2020, just prior to our January 2021 IPO. Our Total AUM, in addition to our FEAUM, considers the appreciation of the assets and the capital under management which is not generating management fees at a given time, such as the committed and not yet deployed capital of funds that charge management fees over the deployed capital.

The following charts illustrate our Total AUM and FEAUM growth curves:

Total AUM Patria(in US$ billions)

Total FEAUM Patria(in US$ billions)

Note: There can be no guarantee that we will achieve comparable growth metrics in the future. Others includes discontinued strategies such as hedge funds.

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Private Equity - Operational value creation in resilient sectors

We have been evolving our private equity strategies since 1994, applying our investment approach to create leading companies in resilient sectors, such as agribusiness, healthcare, food and beverage, and logistics. As of December