Patria Investments Announces Acquisition of WP Global Partners

Core Insights - Patria Investments Limited has announced an agreement to acquire WP Global Partners, enhancing its presence and investment capacity in the U.S. lower-middle-market private equity sector [2][3] - The acquisition is expected to increase Patria's Fee Earning Assets under Management (FEAUM) to over $13.3 billion, with nearly 40% of investments in U.S. assets [1][5] Company Overview - Patria has 37 years of experience and manages over $51 billion in assets across five core asset classes, evolving from a product provider to a solutions provider [4][7] - The firm operates more than 35 investment strategies across over 100 products, focusing on infrastructure, credit, and real estate funds [4] Acquisition Details - WP Global Partners, founded in 2005, has deployed over $6 billion across various sectors and has a team of 30 employees, including over ten experienced investment professionals [3] - The transaction involves an all-cash base price equivalent to 1.7% of FEAUM, with an additional cash earn-out based on performance parameters to be paid in 2029 [5] - The addition of WP's approximately $1.8 billion of FEAUM will significantly enhance Patria's global diversification strategy [5]