Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 0

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 0
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| PROSPECTUS SUPPLEMENT                   | Filed pursuant to Rule 424(b)(3) |
| (to prospectus dated November 29, 2023) | Registration No. 333-275787      |

<div align='center'>PATRIA INVESTMENTS LIMITED(incorporated in the Cayman Islands)

1,246,846 Class A Common Shares</div>

This prospectus supplement relates to the offer
and sale, from time to time, of up to 1,246,846 Patria Investments Limited (“Patria”) Class A common shares, par value $0.0001
(“Class A common shares”), by the selling stockholders that will receive Class A common shares as compensation under the VBI
Transaction (as defined below) (the “Selling Stockholders”). We are not offering any Class A common shares under this prospectus
supplement and will not receive any proceeds from the sale of Class A common shares offered by the Selling Stockholders. The Selling Stockholders
acquired the Class A common shares in connection with our acquisition of certain equity interests in VBI Real Estate Gestão de
Carteiras S.A. (“VBI Real Estate” or “VBI”) one of the leading independent alternative real estate asset managers
in Brazil (the “VBI Transaction”). Pursuant to the VBI Transaction Agreement, as amended, we agreed to issue Class A common
shares to the Selling Stockholders as partial consideration for the acquisition. We are registering the offer and sale of the shares that
we issued as partial consideration to satisfy registration rights we granted to the Selling Stockholders.

The Selling Stockholders may use this prospectus
supplement to resell, from time to time, such shares, so long as they satisfy certain conditions set forth in the applicable agreements
between us and the applicable Selling Stockholder.

While Patria will not receive any of the proceeds
from any issuance of Class A common shares to the Selling Stockholders or from any sale of such shares by the Selling Stockholders, Patria
has agreed to pay certain expenses relating to the registration of such shares. See “Selling Stockholders” and “Plan
of Distribution.” The Selling Stockholders may, from time to time, offer and sell the shares held by them directly or indirectly
through agents or broker-dealers on terms to be determined at the time of sale. See “Plan of Distribution.”

Patria’s Class A common shares are traded
on the Nasdaq Global Select Market,