We advised Patria on its IPO and Nasdaq listing

Davis Polk advised Patria Investments Limited on its $588.4 million initial public offering of 34,613,647 Class A common shares, consisting of 19,147,500 shares sold by Patria and 15,466,147 shares sold by Blackstone PAT Holdings IV, L.L.C., which includes the full exercise of the underwriters’ option to purchase additional shares. The Class A common shares are listed on the Nasdaq Global Select Market under the symbol “PAX.”

Patria is a leading investment firm in the growing private markets sector in Latin America with over 30 years of history and over $12 billion of assets under management.

The Davis Polk capital markets team included Manuel Garciadiaz, Elliot M. de Carvalho, Hugo Casella and Cesar Fischer. The tax team included Ethan R. Goldman and Constance Zhang. Sarah E. Kim and Brantley Hawkins provided 1940 Act advice. Members of the Davis Polk team are based in the São Paulo and New York offices.