Patria Investments reports Q2 EPS 30c, consensus 27c

Reports total Assets Under Management of $28.2B as of June 30, 2023, up 7% compared to one year ago. Alex Saigh, Patria’s CEO, said: “Patria’s Q2 results reflect continued solid financial performance, as we delivered Distributable Earnings of 30c per share, driven by steady and growing Fee Related Earnings and again a contribution from Performance Fees. Fee Earning AUM is up 8% from the prior quarter and 15% from one year ago, and capital formation is accelerating with organic inflows of $1.5B in the quarter plus the announcement of our new partnership with Bancolombia. I am pleased with our execution so far this year, and we remain focused and committed to our targets for 2023 and beyond.”