Patria Investments narrows 2026 fee-related earnings outlook to $225 million-$235 million
PAX•Patria Investments narrowed its 2026 fee-related earnings outlook to $225 million-$235 million, or $1.42-$1.48 per share. It maintained its 2027 target of $260 million-$290 million and expects full-year fundraising to exceed 2025’s $7.7 billion record.
1. Guidance and fundraising
Patria Investments narrowed its 2026 fee-related earnings guidance to $225 million-$235 million, or $1.42-$1.48 per share. Year-to-date fee-related earnings reached $160.4 million, with earnings per share up 16%. The company expects fourth-quarter revenue to rise on structuring and seasonal incentive fees, though market volatility could affect incentive fees.
2. 2027 target
Patria maintained its 2027 fee-related earnings target of $260 million-$290 million, or $1.60-$1.80 per share, supported by $4.8 billion in pending fee-earning assets. Year-to-date inflows reached $6.9 billion, nearly meeting the $7 billion target, and full-year fundraising is expected to exceed 2025’s $7.7 billion record.
