Patria Investments' Christmas Shopping Spree
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Far Horizon1.48K FollowersFollow5ShareSavePlay(7min)CommentsSummaryPatria (PAX) accelerates growth with two major acquisitions, boosting fee-earning AUM by nearly 13% to $44bn.Solis acquisition positions PAX as a leader in Brazil's fast-growing CLO market, shifting private credit exposure from 6% to 34%.RBR Gestao deal expands PAX's REIT AUM and increases credit REIT exposure, though mix changes raise some risk concerns.I maintain a Buy rating on PAX, pending disclosure of acquisition prices and financial impact in upcoming earnings.
Getty Images Latin American asset manager Patria Investments Limited (PAX) is a leader in the Latam market. It has grown steadily by acquisition since its IPO in 2021 and, as I discussed in my latest article, recently passed the landmark of $50bnThis article was written byFar Horizon1.48K FollowersFollowThe author has an honours degree in economics and politics with a focus on economic development. With 36 years of experience in executive management he has extensive knowledge of insurance/reinsurance, Global and Asia Pacific markets, climate change and ESG. He invests in his personal capacity.Analyst’s Disclosure:I/we have a beneficial long position in the shares of PAX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The author is not an investment advisor and offers no advice here. He shares his own analysis solely for the interest of readers.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You