GRAND CAYMAN, Cayman Islands, May 28, 2024 (GLOBE NEWSWIRE) -- Patria Investments Limited ("Patria") (NASDAQ:PAX), a global alternative asset manager and leader in Latin America, announced that it has received all necessary REIT shareholders approvals for the transfer of management of Credit Suisse's Real Estate funds (FIIs) in Brazil ("CSHG Real Estate") with approximately $2.4 billion of Fee Earning AUM. Following the transfer of the funds, which is expected to take place in stages and be completed by August 30th, Patria's Real Estate business will total more than $6 billion in Fee Earning AUM, up from less than $700 million at the time of its 2021 IPO, and the transaction brings Patria's permanent capital to approximately 20% of total Fee Earning AUM, compared to virtually nil at the time of the IPO. The transaction, which includes seven REITS with over 960 thousand shareholders, adds additional scale to Patria's Real Estate business and solidifies Patria's position as a leading independent manager of REITs in ...