Company: PAX
Filing Date: 2025-01-30
Form Type: 424B3
Source: 0000950103-25-001159
Chunk: 16

Company: Patria Investments Ltd
Filing Date: 2025-01-30
Form: 424B3
Chunk 16
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 results to differ
materially from anticipated results. This could cause the trading price of the securities to decline, perhaps significantly, and investors
may lose part or all of their investment. You should not purchase the securities described in this prospectus unless you understand and
know you can bear all of the investment risks involved.

In general, investing in
the securities of issuers with operations in emerging market countries such as Brazil, Chile and other Latin American countries involves
risks that are different from the risks associated with investing in the securities of U.S. companies and companies located in other countries
with more developed capital markets.

<div align='center'>6

Patria Investments
Limited</div>

We are a leading global alternative
investment firm focused on Latin America, with combined assets under management, or “AUM,” of US$27.2 billion and US$23.8
billion as of December 31, 2022 and 2021, respectively. With offices in ten cities across four continents, we serve over 500 limited partners,
or “LPs.” Our current product offering encompasses six product lines – private equity, infrastructure, credit, public
equities, real estate, and advisory and distribution. As of December 31, 2022 and 2021, we had 80 and 60 active funds, respectively.

We seek to provide global
and Latin American investors with attractive investment products that allow for portfolio diversification and consistent returns, aiming
to be their partner of choice when investing in alternatives in Latin America. We have two flagship strategies: (1) private equity, launched
in 1994 (US$10.9 billion and US$9.0 billion in AUM as of December 31, 2022 and 2021, respectively, and currently in the market for its
seventh vintage fund); and (2) infrastructure, launched in 2006 (US$5.8 and US$5.1 billion in AUM as of December 31, 2022 and 2021, respectively,
and currently in the market for its fifth vintage fund). These flagship strategies utilize drawdown fund structures, which we define as
illiquid, closed-end funds in which upfront capital commitments are allocated to investments, and funded through capital calls from limited
partners over the contractual life of the fund, which typically ranges from 10 to 14 years. Over multiple fund vintages, these strategies
have generated solid returns allowing their sustained growth. The consolidated