Q3 2023 Patria Investments Limited Earnings Call

Yeah.

Good day, and thank you for standing by and welcome to the Patriot third quarter 2023 earning conference call.

At this time all participants are in a listen only mode.

After the speaker's presentation, there will be a question and answer session to ask a question. During the session you will need to press star one on your telephone.

Well then here an automated message advising your hand is right.

Withdraw your question. Please press star one again, please be advised that today's conference is being recorded.

I'd now like to hand, the conference over to your first speaker today, Josh would head of shareholder relations. Please go ahead.

Thank you good morning, everyone and welcome to Apache at third quarter of 2023 earnings call.

Speaking today on the call are our Chief Executive Officer, Alex <unk>, Our Chief Financial Officer at <unk>, and our Chief Corporate Development Officer Margaret about.

And we're also joined by our Chief.

For the Q&A session.

Good morning, we issued a press release and earnings presentation detailing the results for the quarter, which you can find posted on our Investor Relations website.

Okay.

Ladies and Exchange Commission.

Any forward looking statements made on this call are uncertain.

Guarantee future performance and undue reliance should not be placed on them.

Gotcha assumes no obligation and does not intend to update any such forward looking statements.

Such statements are based on current management expectations and involve inherent risks, including those discussed in the risk factors section of our latest form 20-F annual report.

Also note that statements on this call constitute an offer to sell or solicitation of an offer to purchase any interest in any country.

As a foreign private issuer, Patrick we report financial results using international financial reporting standards or <unk> as opposed to U S. GAAP. Additionally, we will report and refer to certain non-GAAP industry measures, which should not be considered in isolation from or as a substitute for measures prepared in accordance with IRS.

Filiation to these measures to the most comparable GAAP measures are included in our earnings presentation.

One metric Patriot generated distributable earnings of $34 6 million or.

$23 four per share from <unk> 23, including fee related earnings of $36 million.

Declared a quarterly dividend of $19.09 per share payable on December eight to shareholders of record as of November 22nd with that I'll now turn the call over to Alan.

Thank you, Josh and good day everyone.

It's great to be back with you after gathering just a few weeks ago.

Discuss an exciting platform acquisition for the fourth.

As we now look to progress progress in the third quarter, our message is simple.

We delivered another strong set of results.

Continue to drive growth in a market environment, where growth does not come easy.

We are executing on our M&A rooms.

And with our strategic pillars.

And leveraging the diversified platform with more than 30 products that we have built some capture of areas of strength across the investment landscape.

As of the end of Q3.

Total AUM and fee, earning AUM were up 7%.

And 15% respectively.

From one year ago.

But that's only part of the story.

Through early November.

We have now closed on nearly four 9 billion.