Added to YB: 2026-09-03
Pitch date: 2026-08-31
PAX [neutral]
Patria Investments Limited
+1.52%
current return
Author Info
No bio for this author
Company Info
Patria Investments Limited operates as a private market investment firm. It specializes in investments in private equity, secondary direct and indirect and venture capital with focus in middle market, buyout and growth capital investments.
Market Cap
$1.8B
Pitch Price
$11.16
Price Target
N/A
Dividend
5.73%
EV/EBITDA
11.40
P/E
26.39
EV/Sales
4.82
Sector
Capital Markets
Category
value
WD #356: Various Brazilian Stocks - Patria Investments Limited
PAX (pass): Reported revenue, EPS and fundraising have grown while the shares have floundered, suggesting possible value if the financials are reliable. Patria has also diversified beyond Brazil, with a more favorable outlook for Colombia and Chile. However, Snowcap alleges inflated marks and delayed loss recognition in flagship funds, including Elfa at ~15x EBITDA versus peers at 4-6x despite distressed bonds, plus off-balance-sheet support for troubled assets. Doubts about the financials and future fundraising warrant a pass.
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