Latest news with #Patria
Time of India
17-05-2025
- Business
- Time of India
Brazil's Patria launches data center platform with initial investment of $1 billion
By Luciana Magalhaes SAO PAULO: Brazilian investment firm Patria Investimentos on Friday announced the launch of Omnia, a hyperscale data center platform that will invest about $1 billion in its first project in the next 18 to 24 months, as cloud computing and artificial intelligence adoption accelerates in Latin America. The region, particularly Brazil , is emerging as a hub for data center investors, drawn by its abundance of renewable energy and relatively unconstrained growth prospects, standing in contrast to the more saturated markets in the U.S. and Europe. According to Felipe Pinto, Patria 's partner responsible for infrastructure investments in the region, global demand for data centers is expected to more than double by 2030, with capacity in Latin America potentially more than tripling in the next few years, requiring up to $50 billion in new funding. Patria's investment in Omnia will be channeled through one of its infrastructure funds and will focus mainly on artificial intelligence, with the firm seeking to meet the needs of major global technology players. According to Rodrigo Abreu, Patria's operating partner of digital infrastructure and Omnia's CEO, the "focus is on developing large-scale projects that cater to the world's top technology firms - a group of 10 to 15 global companies." Patria had previously created Odata, a data center firm that was acquired by U.S.-based Aligned Data Centers in 2023. Omnia will focus on Brazil, Mexico and Chile, utilizing exclusively renewable energy sources. The first campus is slated for construction in Brazil, with work expected to start in the second half of the year. The exact location of the project, however, has not been disclosed yet. According to Abreu, Brazil offers good locations in metropolitan areas and, along with the rest of Latin America, boasts a relatively favorable regulatory environment and geopolitical neutrality, making it an attractive spot for such investments.
Yahoo
16-05-2025
- Business
- Yahoo
Brazil's Patria launches data center platform with initial investment of $1 billion
By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian investment firm Patria Investimentos on Friday announced the launch of Omnia, a hyperscale data center platform that will invest about $1 billion in its first project in the next 18 to 24 months, as cloud computing and artificial intelligence adoption accelerates in Latin America. The region, particularly Brazil, is emerging as a hub for data center investors, drawn by its abundance of renewable energy and relatively unconstrained growth prospects, standing in contrast to the more saturated markets in the U.S. and Europe. According to Felipe Pinto, Patria's partner responsible for infrastructure investments in the region, global demand for data centers is expected to more than double by 2030, with capacity in Latin America potentially more than tripling in the next few years, requiring up to $50 billion in new funding. Patria's investment in Omnia will be channeled through one of its infrastructure funds and will focus mainly on artificial intelligence, with the firm seeking to meet the needs of major global technology players. According to Rodrigo Abreu, Patria's operating partner of digital infrastructure and Omnia's CEO, the "focus is on developing large-scale projects that cater to the world's top technology firms - a group of 10 to 15 global companies." Patria had previously created Odata, a data center firm that was acquired by U.S.-based Aligned Data Centers in 2023. Omnia will focus on Brazil, Mexico and Chile, utilizing exclusively renewable energy sources. The first campus is slated for construction in Brazil, with work expected to start in the second half of the year. The exact location of the project, however, has not been disclosed yet. According to Abreu, Brazil offers good locations in metropolitan areas and, along with the rest of Latin America, boasts a relatively favorable regulatory environment and geopolitical neutrality, making it an attractive spot for such investments. Sign in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
Patria Investments Ltd (PAX) Q1 2025 Earnings Call Highlights: Record Fundraising and Robust ...
Fundraising: Record $3.2 billion in Q1 2025, targeting $6 billion for the year. Fee-Related Earnings (FRE): $42.6 million or $0.27 per share, up 21% year over year. Distributable Earnings: $37 million or $0.23 per share, up 12% year over year. Assets Under Management (AUM): $46 billion, up 43% year over year and 9% sequentially. Fee Earning AUM: $35 billion, up 46% year over year and 6% sequentially. Net Organic Inflows: Over $700 million in Q1 2025, representing an 8.6% annualized growth rate. Total Fee Revenue: $77.3 million, up 28% year over year. Operating Expenses: Approximately $35 million, up 36% year over year. Net Debt: Approximately $143 million, down from $190 million at year end. Effective Tax Rate: 9.2% in Q1 2025. Dividend: Quarterly dividend of $0.15 per share approved for 2025. Warning! GuruFocus has detected 5 Warning Signs with PAX. Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Patria Investments Ltd (NASDAQ:PAX) achieved a record fundraising total of $3.2 billion in the first quarter of 2025, putting them on track to meet their $6 billion target for the year. Fee-related earnings (FRE) grew by 16% year over year, reaching $42.6 million or $0.27 per share, despite global uncertainties. Assets under management (AUM) increased by 43% year over year, reaching $46 billion, with a strong sequential growth of over 9%. The company reported $700 million in organic net inflows into fee-earning AUM, reflecting an annualized organic growth rate of over 8.6%. Patria's diversified product offering and distribution capabilities have led to strong demand from Asian sovereign wealth funds, contributing significantly to their fundraising success. The sequential decrease in FRE by 22% was mainly due to the expected seasonal decline in incentives. Performance-related earnings were diminished in the quarter, despite strong FRE growth. The net accrued performance fee balance was negatively impacted by declines in publicly listed portfolio companies within private equity. High interest rates in Brazil have impacted demand for many of Patria's listed REITs, posing challenges in the real estate sector. The timing of closing large and complex customized investment contracts is unpredictable, which could affect future fundraising consistency. Q: How are Patria's portfolios positioned in light of the US trade conflicts and potential higher tariffs? A: Alex Saigh, CEO, explained that most of Patria's investments are locally oriented within Latin America, with minimal exposure to Mexico. The investments are in resilient sectors like healthcare, food and beverage, and infrastructure, which are less affected by tariffs. He believes the region could benefit from the trade war due to its large consumption market and low geopolitical risks. Q: Could Chinese institutions divesting from US private markets open opportunities for Patria? A: Alex Saigh confirmed that this trend could benefit Patria. He noted that Chinese investors were already reducing US exposure before the recent geopolitical tensions. Patria's structure as a non-US company and its focus on Latin America positions it well to attract these investments. Q: Given the strong fundraising in Q1, is there potential upside to the $6 billion fundraising target for the year? A: Alex Saigh stated that while they are maintaining the $6 billion target, the strong start to the year puts them in a good position. He cautioned against extrapolating the Q1 success across the entire year but expressed confidence in achieving the target. Q: Can you provide an update on the integration of acquisitions completed last year? A: Alex Saigh reported that the integration is on track with no major issues. The company launched a "One Patria" program to unify processes across the organization. He highlighted successful integration in HR systems and expects full integration by the end of the year, which should improve margins. Q: Could you give an overview of the $3.5 billion pending fee-paying AUM and its expected deployment? A: Alex Saigh explained that most of the pending AUM is allocated to infrastructure and GPMS verticals. The average management fee is around 96 basis points, and the deployment is expected over the next 4 to 6 quarters, with significant progress anticipated within 2025. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Patria Reports First Quarter 2025 Earnings Results
GRAND CAYMAN, Cayman Islands, May 02, 2025 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the first quarter ended March 31, 2025. The full detailed presentation of Patria's first quarter 2025 results can be accessed on the Shareholders section of Patria's website at Alex Saigh, Patria's CEO, said: 'Patria is off to a very exciting start to 2025 as fundraising totaled a record $3.2 billion, highlighting the expanded reach of our investment platforms and distribution capabilities, and putting us in a strong position to achieve our $6 billion fundraising target for the year. We also reported 1Q25 FRE of $42.6 million, or $0.27 per share, representing year-over-year growth of 21% and 16%, respectively, despite the volatility in the region. Also, FEAUM grew 6% sequentially and 46% year-over-year, and we generated over $700 million of organic net inflows, reflecting an annualized organic growth rate of 9%. While a looming trade war and rising global economic concerns create potential headwinds, we believe we are well positioned to generate the $200 to $225 million of FRE we are targeting for 2025 as the increased diversification of our platform is paying off in terms of fundraising and profitable organic growth, enhancing our confidence in the three-year targets we introduced at our Investor Day back on December 9th.' Financial Highlights (reported in $ USD) IFRS results included $13.6 million of net income attributable to Patria in Q1 2025. Patria generated Fee Related Earnings of $42.6 million in Q1 2025, up 21% from $35.1 million in Q1 2024, with an FRE margin of 55.1%. Distributable Earnings were $36.8 million for Q1 2025, or $0.23 per share. Dividends Patria declared a quarterly dividend of $0.15 per share to record holders of common stock at the close of business on May 14th, 2025. This dividend will be paid on June 12th, 2025. Conference Call Patria will host its first quarter 2025 earnings conference call via public webcast on May 2nd, 2025, at 9:00 a.m. ET. To register and join, please use the following link: For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria's website at shortly after the call's completion. About Patria Patria is a global alternative asset management firm focused on the mid-market segment, specializing in resilient sectors across select regions. We are the leading asset manager in Latin America and have a strong presence in Europe through our extensive network of General Partners relationships. Our on-the-ground presence combines investment leaders, sector experts, company managers, and strategic relationships, allowing us to identify compelling investment opportunities accessible only to those with local proficiency. With 36 years of experience and over $45 billion in assets under management, we consistently deliver attractive returns through long-term investments, while promoting inclusive and sustainable development in the regions where we operate. Further information is available at Classes: Private Equity, Solutions (GPMS), Credit, Real Estate, Infrastructure, and Public Equities Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services Investment Regions: Latin America, Europe and US Forward-Looking Statements This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as 'outlook,' 'indicator,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'could,' 'should,' 'seeks,' 'approximately,' 'predicts,' 'intends,' 'plans,' 'estimates,' 'anticipates' or the negative version of these words or other comparable words, among others. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time, including but not limited to those described under the section entitled 'Risk Factors' in our most recent annual report on Form 20-F, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission ('SEC'), which are accessible on the SEC's website at These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings. Contact Patria Shareholder RelationsE. PatriaShareholderRelations@ T. +1 917 769 1611Sign in to access your portfolio
Reuters
25-04-2025
- Business
- Reuters
Baloise says Patria acquires 9.35% stake from Cevian ahead of merger with Helvetia
April 25 (Reuters) - Baloise (BALN.S), opens new tab on Friday said that Patria Genossenschaft had acquired a 9.45% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia's main shareholder. The shares were acquired from Cevian Capital, Baloise said, an activist investor which up until now had not commented on the planned merger. The acquisition was unconditional and the parties agreed not to disclose the purchase price, Baloise added. Patria will be able to vote with the newly acquired shares at the Extraordinary General Meeting of Baloise to be held on May 23 regarding the merger with Helvetia, Baloise said, adding it would not nominate a seventh board member in connection with the merger with Helvetia. As a result, the board of the combined company Helvetia Baloise Holding Ltd will have a total of 13 instead of 14 members after the merger, Baloise said.
