Business
Patria Reports Fourth Quarter and Full Year 2020 Earnings Results
GRAND CAYMAN, Cayman Islands, March 18, 2021 /PRNewswire/ -- Patria (Nasdaq: PAX) reported today its unaudited results for the fourth quarter and full year
About this update from Patria Investments Limited
[{"type":"text","content":"GRAND CAYMAN, Cayman Islands, March 18, 2021 /PRNewswire/ -- Patria (Nasdaq: PAX) reported today its unaudited results for the fourth quarter and full year ended December 31, 2020. The full detailed presentation of Patria's fourth quarter and full year 2020 results can be accessed on the Shareholders section of Patria's website at https://ir.patria.com/.\nAlex Saigh, Patria's CEO, said: \"For 30+ years we have served our clients and LPs by delivering strong investment performance. Now with our initial public offering, we can extend that same commitment to value creation to our shareholders. We are very pleased with our financial performance in 2020, and believe Patria has a very compelling opportunity for growth as we look to the future.\"\nFinancial Highlights (reported in $ USD)\nPatria IFRS results for Q4 2020 and FY 2020 included net income of $16 million and $62 million respectively. Patria generated Fee Related Earnings of $20 million in Q4 2020, up 20% from $17 million in Q4 2019. For FY 2020, Patria generated $71 million of Fee Related Earnings, up 13% from $63 million in 2019, with an FRE margin of 62%. Distributable Earnings were $70 million for FY 2020, up 11% year-over-year. \nConference Call \nPatria will host its fourth quarter and full year 2020 investor conference via public webcast on March 18, 2021 at 4:30 p.m. ET. To register and join, please use the following link: https://edge.media-server.com/mmc/p/sfyid2rb \nFor those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria's website at https://ir.patria.com/ shortly after the call's completion.\nAbout Patria \nPatria is a leading investment firm in Latin America's growing private markets, with over 30 years of history and combined assets under management in excess of US$ 14 billion. Patria aims to provide consistent returns in attractive long-term investment opportunities that allow for portfolio diversification through its flagship Private Equity and Infrastructure products, as well as its Country-specific products including Real Estate, Credit and Listed Equities. Patria employs 158 people in 10 offices across four continents. Through its investments Patria seeks to transform industries and untangle bottlenecks, generating attractive returns for its investors, while creating sustainable value for the s...