Company: PAX
Filing Date: 2025-02-20
Form Type: S-8
Source: 0000950103-25-002237
Chunk: 3

Company: Patria Investments Ltd
Filing Date: 2025-02-20
Form: S-8
Chunk 3
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 the Registrant certifies that it has reasonable grounds
to believe that it meets all of the requirements for filing this Registration Statement and has duly caused this Registration Statement
to be signed on its behalf by the undersigned, thereunto duly authorized on this 20th day of February, 2025.

| Patria Investments Limited |                              |
| By:                        | /s/ Alexandre T. de A. Saigh |
| Name:                      | Alexandre T. de A. Saigh     |
| Title:                     | Chief Executive Officer      |

<div align='center'>POWER OF ATTORNEY</div>

KNOW
ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below, constitutes and appoints Alexandre T. de A. Saigh and Ana
Cristina Russo, and each of them, our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution,
to do any and all acts and things and execute, in the name of the undersigned, any and all instruments which said attorneys-in-fact and
agents may deem necessary or advisable in order to enable Patria Investments Limited to comply with the Securities Act of 1933, as amended,
and any requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing with the Securities and
Exchange Commission of one or more registration statements on Form S-8 under the Securities Act of 1933, as amended, including, specifically,
but without limitation, power and authority to sign the name of the undersigned to any such registration statement, and any amendments
to any such registration statement (including post-effective amendments), and to file the same with all exhibits thereto and other documents
in connection therewith, with the Securities and Exchange Commission, to sign any and all applications, registration statements, notices
or other documents necessary or advisable to comply with applicable state securities laws, and to file the same, together with other documents
in connection therewith with the appropriate state securities authorities, granting unto said attorneys-in-fact and agents, and each of
them, full power and authority to do and to perform each and every act and thing requisite or necessary to be done in and about the premises,
as fully and to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof