SCHEDULE: Pertento Group Discloses 6.6% Stake in Patria Investments

Pertento Partners LLP and affiliated entities have disclosed a 6.6% beneficial ownership stake in Patria Investments Limited's Class A common shares.

Summary

• Pertento Partners LLP, Pertento Advisors LLC, Eduardo Marques, and Pertento Master Fund Limited have filed an Amendment No. 2 to Schedule 13G, disclosing their beneficial ownership in Patria Investments Limited.
• The reporting group, including Pertento Partners LLP, Pertento Advisors LLC, and Eduardo Marques, collectively beneficially owns 4,388,805 Class A common shares, representing 6.6% of the class.
• Pertento Master Fund Limited, an advisory client of Pertento Partners LLP, directly owns 3,841,387 Class A common shares, which constitutes 5.8% of the class.
• All reporting persons hold shared voting and dispositive power over their respective reported shares.
• The securities were not acquired and are not held for the purpose of changing or influencing the control of Patria Investments Limited.

Sentiment

Score: 6

Explanation: The disclosure of a significant beneficial ownership stake by an institutional investor group is generally a neutral to slightly positive signal, indicating institutional interest in the company. The explicit statement of a passive investment intent mitigates potential concerns about activist intervention.

Positives

• Disclosure of a significant institutional holding (6.6%) by Pertento Partners LLP and its affiliates may signal confidence in Patria Investments Limited.
• The filing explicitly states the investment is passive, not intended to influence control, which can reduce concerns about potential activist investor actions.

Negatives

• NA

Risks

• NA

Future Outlook

This filing does not contain any forward-looking statements or guidance from Patria Investments Limited or the reporting persons regarding the issuer's future performance.

Management Comments

• Eduardo Marques, Managing Partner of Pertento Partners LLP, and Authorized Person for Pertento Advisors LLC and Pertento Master Fund Limited, certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

The disclosure of a significant stake by an investment advisory group like Pertento in a company such as Patria Investments Limited, a global alternative asset manager, is a routine event in the financial industry. It reflects ongoing portfolio management and investment decisions by institutional players.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake (6.6%) provides transparency into the ownership structure and may influence market perception of the stock.

Next Steps

• NA

Key Dates

Keywords

Patria Investments Limited, Pertento Partners LLP, Beneficial Ownership, Schedule 13G, Class A Common Shares, Institutional Investor, Passive Investment, Equity Stake