Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 119

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 119
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2.4 billion) in FEAUM to our real estate platform. The transaction closed on March 8, 2024, and the transfer of the last real estate fund was concluded on July 22, 2024.

The CSHG Real Estate business, which we more recently combined with VBI as part of our Brazilian real estate platform, had US$3.2 billion of fee-earning AUM as of December 31, 2024. The vast majority of our Brazilian real estate FEAUM, over 90%, are in permanent capital listed REITs. Permanent capital across all of our strategies accounted for approximately 20% of our total FEAUM as of December 31, 2024.

Business Combination regarding Tria

On April 2, 2024, we closed a transaction to acquire a 66.67 100 66.67 33.33

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The acquired business contributed other income of US$ 6.6 3.5

Agreement to Acquire Nexus

On June 5, 2024, we entered into an agreement to acquire Nexus Capital Partners S. A. S. (“ Nexus”), one of the top independent alternative real estate asset managers in Colombia, operating since 2008, with approximately US$700 million in AUM across multiple strategies. The transaction was structured in two stages. The first tranche of the acquisition was signed on June 5, 2024, and closed on July 16, 2024, whereas the second tranche was signed on July 16, 2024 and closed on August 26, 2024. The Nexus business, when combined with the Colombian Real Estate strategies we acquired as part of the business arrangement with Bancolombia in 2023, brought our Colombian based Real Estate FEAUM to US$1.95 billion.

Acquired Helius' Funds in Brazil

On July 10, 2024, we entered into an agreement with Helius Capital Gestão de Recursos S. A. (“ Helius”), a small Brazilian independent asset manager focused on long-biased strategy for the assignment of the management of its funds to Patria. The transaction also involved the hiring of Mr. William Leite as the new portfolio manager of our Public Equities team. The transfer of Helius funds was concluded on September 12, 2024 and the transaction closed on September 13, 202