Patria Investments releases transcript of Q2 2026 earnings call
PAX•Prepared remarks and key attendees
Patria released prepared remarks from its Q2 2026 earnings call attended by CEO Alexandre Saigh, CFO Raphael Denadai, and investor relations director Andre Medina.
Fundraising, AUM and earnings guidance
- Fundraising reached USD 2.3 billion in Q2 and USD 4.5 billion year to date; management stayed on track to exceed the USD 7 billion target.
- Fee-earning AUM rose to USD 48.9 billion; fee-related earnings were USD 57.1 million; 2026 FRE guidance stayed at USD 225 million-USD 245 million.
- CFO flagged 2026 FRE margin falling modestly below the 58%-60% target due to acquisitions, FX, and expense growth; the 2027 margin target remained unchanged.
- Management highlighted a new USD 1 billion multi-asset SMA commitment; older private equity Funds IV and V were marked down, with no impact to management fees.




