Patria Reports Fourth Quarter & Full Year 2024 Earnings Results

Core Insights - Patria reported strong financial results for Q4 and full year 2024, highlighting a transformational year with significant fundraising and growth in assets under management [2][3] - The company raised $5.5 billion in 2024, surpassing its target of$5 billion, with a diverse range of strategies contributing to this success [2] - Fee Earning AUM reached $33 billion, reflecting a year-over-year growth of 38$170 million, up 15% from 2023 [2][3] Financial Performance - In Q4 2024, Patria generated net income of $56.8 million, with total net income for the full year at$73.4 million [3] - FRE for Q4 2024 was $54.8 million, an 18$46.7 million in Q4 2023, resulting in an FRE margin of 59% [3] - Distributable Earnings for Q4 2024 were $89.1 million, or$0.58 per share, and for the full year, they totaled $189.2 million, or$1.24 per share [3] Dividends - Patria declared a quarterly dividend of $0.15 per share, payable on March 17, 2024, to record holders as of February 28, 2025 [4] Future Outlook - The company aims to raise$6 billion and achieve FRE of $200 to$225 million in 2025, indicating confidence in continued growth and diversification of its platform [2]