Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 1

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 1
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 or “NASDAQ,” under the ticker symbol “PAX.” On January 16, 2025, the last
reported sales price of the Class A common shares on the NASDAQ was $11.10 per share.

Investing in Patria’s Class A common shares involves risks. You should carefully read and consider the risks described in “Risk Factors” on page S-2 of this prospectus supplement and as incorporated by reference herein before investing in Patria’s Class A common shares.

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus supplement is January
16, 2025.

table of contents

Prospectus Supplement</div>

| About This Prospectus Supplement | S-1 |
| Risk Factors                     | S-2 |
| Use of Proceeds                  | S-3 |
| Selling Stockholders             | S-4 |
| Plan of Distribution             | S-6 |

<div align='center'>Prospectus</div>

| About This Prospectus                                   |  1 |
| Where You Can Find More Information                     |  2 |
| Incorporation of Documents by Reference                 |  3 |
| Forward-Looking Statements                              |  4 |
| Risk Factors                                            |  6 |
| Patria Investments Limited                              |  7 |
| Use of Proceeds                                         |  9 |
| Description of Share Capital                            | 10 |
| Service of Process and Enforcement of Civil Liabilities | 22 |
| Taxation                                                | 23 |
| Selling Shareholders                                    | 24 |
| Plan of Distribution                                    | 25 |
| Legal Matters                                           | 27 |
| Experts                                                 | 28 |

<div align='center'>ii

About This Prospectus
Supplement</div>

This document contains two parts. The first part
consists of this prospectus supplement, which describes the specific terms of the offering of Class A common shares. The second part,
the accompanying prospectus which is dated November 29, 2023, provides more general information, some of which may not apply to the offering
of Class A common shares. If the description of the offering varies between this prospectus supplement and the accompanying prospectus,
you should rely on the information in this prospectus supplement.

Before purchasing any Class A common shares, you