Patria Investments Limited (PAX)

They are one of the leading private markets investment firms in Latin America in terms of capital raised with over US$7.8 billion raised in the past five years. Preqin’s 2020 Global Private Equity & Venture Capital Report ranks them as the number one fund manager by total capital raised for private equity funds in the past 10 years in Latin America. As of September 30, 2020 and December 31, 2019, their AUM was US$12.7 billion and US$14.7 billion, respectively, and their investment portfolio was composed of over 55 and 50 companies and assets as of the same dates. Their size and performance over their 32-year history also make them one of the most significant emerging markets-based private markets investments managers. Their investment approach seeks to take advantage of sizable opportunities in Latin America while mitigating risks such as macroeconomic and foreign exchange volatility. They do so by focusing on resilient sectors - largely uncorrelated with macroeconomic factors - driving operational value creation, and partnering with entrepreneurs and management teams to develop some of the leading platforms in the region. Their strategy, applied since 1994 in their flagship private equity products (US$7.2 billion in AUM as of September 30, 2020, and in its 6th vintage) and since 2006 in their flagship infrastructure products (US$4.6 in AUM as of September 30 2020, and in its 4th vintage), has generated solid returns and sustained growth.

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CEO	CFO
Olímpio Matarazzo Neto

Olímpio Matarazzo Neto is one of our founding partners, Chairman of our Board of Directors, member of our Board of Directors since 2010 and Chairman of our executive-level Real Estate and Credit Investment and Divestment Committee. Mr. Matarazzo is also a Senior Managing Partner of Patria Investments Limited and an Executive Director of Patria Holdings Limited. He is responsible for setting the strategy and overseeing its execution, ensuring the organization meets compliance, risk and regulation standards. Throughout his career, Mr. Matarazzo acted in different functions within Patria, being primarily responsible for the development of our Real Estate, Credit and Constructivist Equity strategies. Mr. Matarazzo was a founding partner of Patria in 2001 (successor of Banco Patrimônio), developing and leading the efforts to make Patria one of the leading private markets firms in Latin America. Mr. Matarazzo was also one of the founders of Banco Patrimônio in 1988 and led its capital markets and proprietary desks, as well as the relationship with Salomon Brothers’ fixed income desk. After the sale of Patrimônio to Chase Manhattan in 1999, Mr. Matarazzo spent two years at Chase Manhattan where he was co-responsible for its proprietary and capital markets desks in Brazil. Prior to founding Patrimônio, Mr. Matarazzo worked at J.P. Morgan. Mr. Matarazzo holds a bachelor’s degree in Business Administration from Universidade de São Paulo (USP).

Employees	Founded
157	1988

Address: 18 Forum Lane, 3rd floor, Camana Bay, PO Box 757, KY1-9006, Grand Cayman, Cayman Islands

Telephone: +1 345 640 4900

Web page: http://www.patria.com

Expected Date	1/22/2021
Status	Priced
Exchange	NASDAQ
Lockup Period Expiration	.Pro
Quiet Period Expiration	.Pro
Old Price Range	-

Share prices ($)

What do you think will happen with the PAX share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

The lead left underwriter: JP Morgan

Over the last 12 months Since the beginning of the year

IPOs led by the firm	.Pro
Profitability of conducted IPOs  ?	.Pro
1st day change  ?	.Pro
Change for the first 3 months  ?	.Pro

IPOs led by the firm	.Pro
Profitability of conducted IPOs  ?	.Pro
1st day change  ?	.Pro
Change for the first 3 months  ?	.Pro

Underwriters
JP Morgan/ BofA Securities/ Credit Suisse/ Goldman Sachs
CO-Managers
Bradesco BBi/ NTG Pactual/ Itau BBA/ Keefe/ Bruyette & Woods/ Santander/ XP Investments