Trailblazing ideas and fresh insights that lean into curiosity and constant innovation.
Recent or widely read articles featuring Patria and our clients.
The conversation about AI disrupting software is legitimate but it is being applied too broadly. Over the past few weeks, the market has treated software as a single category under threat, when the picture is likely to be far more varied.
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Global private equity buyouts have generated consistently strong returns over the last 25 years, with meaningful outperformance against public markets across all time periods, even in the globally volatile post-COVID years. This outperformance has driven huge inflows into the buyout asset class, particularly in the lower interest rate environment of 2016-2022.
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The Financial & Insurance Groups (“FIG”) sector has been a staple of the private equity (PE) market for several decades. Whilst other sectors have come into vogue in recent years, accounting for an increasing share of private equity deals, FIG’s share of the overall market has remained relatively stable, representing around 5-7% of deals completed.
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The European Private Equity (PE) market has navigated a turbulent period marked by the post pandemic M&A surge fueled by cheap debt, followed by inflationary pressures, monetary tightening, and macroeconomic uncertainty. As we progressed through 2024 and into 2025, green shoots of recovery appeared to be emerging, and 2025 promised to be a boom year of catch-up M&A.
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Video
What comes to your mind when people talk about Latin America? For Patria it's investment opportunities.
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The relationship between nutrition and the evolution of humankind is complex and intriguing. Beyond the obvious fact that any nourishing substance eaten, drunk, or otherwise taken into the body to sustain life, provide energy and promote growth is a prerequisite for the survival of the species, the supply and availability of food has proved a critical factor shaping the emergence, development, and, in some specific circumstances, the downfall of human civilizations through the ages.
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For the purposes of this investigation, data & tech services are all the procedures or devices needed to create, process, store, secure and exchange information. Under this definition, D&TS has been developing along with humankind for millennia, the oldest records being tally sticks, petroglyphs (rock carvings) and petrographs (rock paintings), which date back to 18,000 - 20,000 years before the Common Era (BCE). The invention of numbers (3,000 - 4,000 BCE) and instruments for arithmetic calculations such as the abacus (circa 2,400 BCE) were breakthroughs, and so were the alphabet (circa 1,700 BCE) and books (hand-written scrolls in 500 BCE) in later eras.
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GPMS
Our research suggests that the average “cash yield” generated by small/mid-market buyout funds is both higher and more consistent than that observed in the large/mega-cap market.
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Healthcare
The current UN projections suggest that people aged 80 or over will outnumber infants by the mid-2030s. This inevitable acceleration in the pace of global ageing will consume further resources, stretch dependency ratios and ultimately significantly inflate the cost of healthcare delivery globally.
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Macroeconomic One Pager
An environment featuring higher-for-longer global interest rates is particularly inhospitable to alternative assets. Their net present value is lower because of a higher discount factor, this being precisely the negative wealth effect that is one of the results of a tighter monetary policy, which aims at slowing the domestic absorption of goods and services to bring inflation down.
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Power & Energy
The growth of human population, the evolution of its living standards, and most changes impacting the global environment over millennia are highly correlated to energy capture. Because the First Law of Thermodynamics rules that there is no creation or destruction of energy, only conversion from one form to another, it is technically more accurate to speak of energy capture than of generation and consumption of energy, which is the common parlance.
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Agribusiness
Agribusiness, now a popular theme, is not a rebranding of the somewhat archaic term agriculture, livestock, forestry, and fisheries, as it still appears in national accounts statistics. Indeed, they are different concepts, to the extent that the former contains the latter.
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