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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Patria Investments
Patria Investments (PAX) investor relations material
Patria Investments Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary3 Nov, 2026
Executive summary
Total AUM reached $62.4bn, up 22% YoY, and Fee-Earning AUM was $48.1bn, up 24% YoY.
Q3 fundraising totaled $2.4bn and YTD fundraising reached $6.9bn, effectively meeting the $7bn full-year target one quarter early.
Q3 FRE was $52.8m and Distributable Earnings (DE) were $46.9m; IFRS net income attributable to shareholders was $7.2m.
Financial highlights
Q3 total fee revenue was $98.3m, up 16% YoY; management fees were $101.7m, up 17% YoY.
Q3 FRE was $52.8m, up 7% YoY, with a 53.7% margin; YTD FRE was $160.4m, up 16%, or $1.01 per share.
Q3 DE was $46.9m, or $0.30 per share; YTD DE was $139.9m, up 14%, or $0.88 per share versus $0.77.
IFRS revenue from services was $104.2m versus $86.5m in Q3 2025; net income attributable to shareholders was $7.2m versus $22.5m.
Outlook and guidance
FY2026 FRE guidance narrowed to $225m-$235m, or $1.42-$1.48 per share; expected per-share growth is 11%-16% YoY.
2027 FRE guidance was reaffirmed at $260m-$290m, or $1.60-$1.80 per share; pending Fee-Earning AUM was $4.8bn.
Q4 revenue is expected to rise sequentially on structuring and seasonal incentive fees; 2027 FRE margin guidance is 58%-60%.
2027 fundraising guidance is $8bn; DE per share is expected to grow 10%-15% in both 2026 and 2027.
Lower acquisition-related costs are expected to support 2027 EPS growth above FRE and DE per-share growth.
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Latest events from Patria Investments
- LATAM's data center sector is set for major expansion, fueled by renewables and hyperscaler demand.PAX
Status update - AUM rose 28% YoY to $62.1bn, with robust fee growth and record fundraising.PAXInvestor presentation
- Q2 2026 saw $2.3B raised, 24% FRE growth, and a 32% YoY rise in fee-earning AUM.PAXQ2 2026
- Strong 1Q26 growth in fees and AUM, with robust performance and expansion toward $70bn FEAUM by 2027.PAXInvestor presentation
- Q1 2026 saw $2.1B raised, 31% AUM growth, and 19% FRE growth with a $0.1625 dividend.PAXQ1 2026
- Latin American private credit offers strong growth potential, robust structures, and persistent alpha.PAXStatus update
- Latin America's growth, reforms, and market shifts are fueling strong demand for alternatives and infrastructure.PAXStatus update
- Doubling fee-earning AUM to $70B by 2027 with robust growth, diversification, and high margins.PAXInvestor Day 2024
- Record fundraising and robust FRE growth drive confidence in 2025 targets.PAXQ1 2025
Next Patria Investments earnings date
Q4 20263 Feb, 2027
Patria Investments
Next Patria Investments earnings date
Q4 20263 Feb, 2027
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Frequently asked questions
Patria Investments Limited is a Cayman Islands-based investment firm specializing in alternative asset management across Latin America. The company provides investment solutions in private equity, infrastructure, real estate, credit, and publicly listed equities. Patria serves institutional investors, including pension funds, insurance companies, and sovereign wealth funds, offering expertise in sourcing, structuring, and managing investments. The company is headquartered in George Town, Cayman Islands, and its shares are listed on the NASDAQ.