Patria Investments Completes Acquisition of Private Equity Solutions Business from abrdn and Expands Its Global Private Markets Capabilities
Patria Investments Limited - Class A Common Shares (PAX)
Company Research
Source: GlobeNewswire
GRAND CAYMAN, Cayman Islands, April 29, 2024 (GLOBE NEWSWIRE) -- Patria Investments (“Patria”) (NASDAQ: PAX), a global alternative asset manager and industry leader in Latin America, confirmed today that it has completed the previously announced carve-out acquisition of a private equity solutions business (“abrdn Private Equity”) from abrdn Inc. (“abrdn”). The acquired platform, together with Patria’s existing global private markets vehicles, will form a new vertical – Global Private Markets Solutions (“GPMS”), with an aggregate Fee Earning AUM (“FEAUM”) of over $10 billion. This vertical will further develop Patria’s capabilities to serve clients as a gateway to private markets on a global scale. Marco D’Ippolito, Head of GPMS said: “We are thrilled to bring this transaction to a close and launch this new growth engine for Patria’s investment platform. Merrick and his team have built a great business with complementary strategies and a respected track record, and we believe th
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PAX
Earnings
- 5/2/24 - Miss
PAX
Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form 20-F
- 3/28/24 - Form 424B3
- PAX's page on the SEC website