Company Overview

Patria Investments Limited (NASDAQ: PAX) is a publicly listed alternative asset management firm focused on Latin America, operating across private equity, infrastructure, credit, real estate, and public equities. The firm manages capital on behalf of institutional investors, sovereign wealth funds, pensions, and high-net-worth clients, generating revenue primarily through management fees and performance-based carried interest tied to long-term investment vehicles.

Founded in 1988 in Brazil, Patria has evolved from a domestic private equity firm into a regionally diversified alternative asset manager with a multi-asset platform. The company is recognized for its deep local operating expertise, long-standing presence in core Latin American markets, and vertically integrated investment model that combines asset origination, active management, and operational improvement. A strategic minority investment by Blackstone Inc. in 2020 further strengthened Patria’s institutional positioning and global distribution capabilities.

Business Operations

Patria’s operations are organized across several core investment strategies, including Private Equity, Infrastructure, Credit, Real Estate, and Public Equities, each managed through dedicated investment teams. These strategies are offered via closed-end funds, open-ended vehicles, and permanent capital structures, with revenues derived from recurring management fees and performance incentives. The firm operates primarily through its flagship subsidiary Patria Investimentos, which oversees investment execution and portfolio management.

The company maintains domestic operations across key Latin American economies and international investor-facing offices supporting capital raising and client relations. Patria controls proprietary investment platforms in infrastructure and credit, with in-house operating capabilities and asset management expertise. It also maintains strategic partnerships with global institutional investors, most notably Blackstone Inc., which provides capital support, product collaboration, and global connectivity. Patria has expanded through acquisitions, including Moneda Asset Management, strengthening its presence in public equities and the Andean region.

Strategic Position & Investments

Patria’s strategic direction centers on scaling its alternative asset platform in Latin America, expanding fee-related earnings, and increasing permanent capital vehicles to enhance revenue stability. Growth initiatives include fundraising for successor funds, expanding credit and infrastructure strategies, and leveraging regional consolidation opportunities within asset management. The firm has consistently emphasized disciplined capital deployment and operational value creation within portfolio companies.

Major investments and acquisitions have played a key role in Patria’s expansion. The acquisition of Moneda Asset Management broadened Patria’s product offerings and geographic reach, while continued investment in infrastructure and credit platforms reflects increased institutional demand for yield-oriented and real-asset strategies. Patria is also involved in emerging sectors such as renewable energy, digital infrastructure, and private credit solutions, though the scale and financial impact of specific emerging technology investments are not always separately disclosed. Where disclosure is limited, data is inconclusive based on available public sources.

Geographic Footprint

Patria’s headquarters are in São Paulo, Brazil, with a strong operational presence across Brazil, Chile, Colombia, Peru, and Mexico. These markets represent the core of the firm’s investment activity and asset origination, supported by localized teams with regulatory and operational expertise.

Internationally, Patria maintains offices in North America and Europe to support fundraising, investor relations, and strategic partnerships. While the majority of assets are invested in Latin America, the firm’s global footprint enables access to international capital and cross-border investment opportunities, reinforcing its role as a leading regional alternative asset manager with global connectivity.

Leadership & Governance

Patria was co-founded by Arminio Fraga, who has played a central role in shaping its long-term investment philosophy centered on governance, sustainability, and disciplined risk management. The firm is led by an experienced executive team with deep regional expertise and a focus on scalable growth, operational excellence, and alignment with long-term investors.

Key members of Patria’s leadership include:

• Roberto Sallouti – Chief Executive Officer
• Arminio Fraga – Chairman and Co-Founder
• Alex Saigh – Partner and Head of Private Equity
• Marcio Mello – Partner and Head of Infrastructure
• Eduardo Rossi – Chief Financial Officer

The leadership team emphasizes decentralized investment decision-making supported by centralized governance, risk oversight, and ESG integration. Patria’s governance structure aligns management with shareholders through equity ownership and long-term incentive frameworks, consistent with disclosures in its SEC filings.