Patria Investments Completes Acquisition of Private Equity Solutions Business from abrdn and Expands Its Global Private Markets Capabilities
GRAND CAYMAN, Cayman Islands, April 29, 2024 (GLOBE NEWSWIRE) — Patria Investments (“Patria”) (NASDAQ:PAX), a global alternative asset manager and industry leader in Latin America, confirmed today that it has completed the previously announced carve-out acquisition of a private equity solutions business (“abrdn Private Equity”) from abrdn Inc. (“abrdn”). The acquired platform, together with Patria’s existing global private markets vehicles, will form a new vertical – Global Private Markets Solutions (“GPMS”), with an aggregate Fee Earning AUM (“FEAUM”) of over $10 billion. This vertical will further develop Patria’s capabilities to serve clients as a gateway to private markets on a global scale.