Patria reported Fee Related Earnings (FRE) of $54.8 million for the fourth quarter of 2024, an 18% increase from Q4 2023, with an FRE margin of 59%. For the full year 2024, FRE reached $170.1 million, up 15% from 2023, achieving the company's target.
The company's fundraising for the full year 2024 totaled $5.5 billion, surpassing its $5 billion target. Fee-Earning Assets Under Management (FEAUM) grew to $33 billion, representing a 38% year-over-year increase.
Distributable Earnings (DE) for Q4 2024 were $89.1 million, or $0.58 per share, and $189.2 million, or $1.24 per share, for the full year. Performance Related Earnings (PRE) contributed $41 million in Q4, primarily from the sale of Aguas Pacifico. Patria is targeting $6 billion in fundraising and $200 million to $225 million in FRE for 2025. A quarterly dividend of $0.15 per share was declared.
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