Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 304

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 304
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ivable                             233,534                             142,263  

(a) Account receivable balances include US$ 65.6 86.7

(b) The table below reflects the postponed balances as of December 31, 2024, and related revenue from management fees recognized in 2024, 2023 and 2022, the remaining balance were recognized before the year ended December 31, 2022.

  Fund Structure      Postponed balance as of December 31, 2024      Year Revenue recognized (millions)  
  PBPE Fund IV        US$ 65.4 million                               2024: US$ 4.4                       
                                                                     Alpha Co-Investment Fund            
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────
  2023: US$ 13.2                                                                                         
  2022: US$ 18.1                                                                                         
  2023: nil                                                                                              
  2022: US$ 0.1                                                                                          

(c) Current accounts receivable includes US$ 59.7

(d) Non-current accounts receivable as of December 31, 2024, mainly relate to the Lavoro asset-linked receivable of US$ 12.3

9Project advances

                        December 31, 2024                 December 31, 2023              
 ─────────────────────────────────────────────────────────────────────────────────────────
  Current                                      7,577                             17,614  
  Non-current           —                                                         1,972  
  Project advances                             7,577                             19,586  

Project advances are comprised of recoverable advances made by the Group for the development process of new investment funds and the capture of non-capitalized investment funds. In both cases, the amounts are subject to reimbursement as provided for in the respective agreements between the Group and investors.

  Patria Investments Limited      F-30  

  Table of Contents  

  Notes to the consolidated financial statements                                             
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  
  (Amounts in thousands of United States dollars - US$, except where otherwise stated)       
 ─────────────────────────────────────────────────────────────────────────────────────────────

10Other assets

                                              December 31, 2024                  December 31, 2023              
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