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Summary
- Patria Investments Limited reported Q3 2023 financial results with distributable earnings of $0.23 per share and organic fund inflows of $1.3 billion.
- The company provides access to alternative investment opportunities in Latin America and has a wide range of limited partners.
- Despite positive performance, I remain neutral on Patria Investments Limited due to uncertainty about portfolio valuations in the near term.
- I am Donovan Jones, an IPO specialist with over 15 years analyzing tech, consumer, and life science companies. I run the investing group IPO Edge where I share exclusive analysis of the U.S. IPO market.
A Quick Take On Patria Investments
Patria Investments Limited (NASDAQ:PAX) reported its Q3 2023 financial results on November 7, 2023, delivering distributable earnings of $0.23 per share and featuring organic fund inflows of $1.3 billion.
The firm enables investors to have access to alternative investment opportunities throughout the Latin American region.
I previously wrote about Patria with a Hold outlook.
While Patria Investments Limited may be performing well on the fundraising side and increasing its AUM, my base case for its near-term financial results leaves no great conviction for material upside.
So, I remain Neutral [Hold] on PAX at this time.
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