Patria Q2: FRE Climbs 24%, AUM Reaches $62B, $350M Debt Issued
PAX is trading near its 52-week low of $10.56 (5.5% above the low).
Summary
Patria Investments posted Q2 2026 FRE of $57.1M (+24% YoY), DE of $0.32/share (+31% YoY), and total AUM of $62.1B. The company issued $350M in debt and reaffirmed full-year guidance.
Key Events · Earnings and Guidance · PAX
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Q2 Earnings Beat
Driven by a 32% surge in Fee-Earning AUM to $48.9B, Fee Related Earnings hit $57.1M, up 24% year-over-year, while Distributable Earnings per share reached $0.32, a 31% increase.
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Strong Fundraising
The quarter saw $2.3B raised, lifting year-to-date fundraising to $4.5B and pushing total AUM to $62.1B, a 28% jump from the prior year.
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$350M Debt Issuance
A $350M fixed-rate, long-term debt offering was completed, with maturities of 5-10 years and coupons ranging from 6.0% to 6.6%. Proceeds will pay down the credit line, with the remainder earmarked for general corporate purposes.
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Dividend Declared
A quarterly dividend of $0.1625 per share was declared, payable on September 14, 2026 to shareholders of record as of August 10, 2026.
Analysis · PAX · Finance
A clean Q2 beat underscores Patria's momentum: Fee Related Earnings rose 24% year-over-year to $57.1 million, while Distributable Earnings per share of $0.32 topped consensus. Fundraising remained robust at $2.3 billion for the quarter, propelling total AUM to $62.1 billion. The balance sheet got a further lift from a $350 million long-term debt issuance, which refinances the credit line. With full-year FRE guidance reaffirmed, management signals confidence in the growth trajectory.
At the time of this filing, PAX was trading at $11.14 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $10.56 to $17.80. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.