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PATRIA Patria Investments Announces Launch of Growth Equity Strategy and Agreement to Partner with Kamaroopin December 8 , 2021 Growth Equity expands Patria's coverage of the private markets investment spectrum and the agreement with Kamaroopin secures a partnership with a highly skilled investment team GRAND CAYMAN , Cayman Islands , Dec. 08 , 2021 ( GLOBE NEWSWIRE ) -- Patria Investments ( " Patria " ) ( NASDAQ : PAX ) , a global alternative asset manager , announced today the launch of a new Growth Equity strategy , anchored by Kamaroopin , a private markets investment group previously affiliated with Tarpon Investments and led by Pedro Faria . The partnership is structured in two stages , first establishing a minority stake during a joint fundraising campaign , and then a full business combination contingent on fundraising success and certain other requirements . " Growth Equity is highly complementary to our flagship private equity business , and expands our product offering to meet a key area of investor demand , " said Alexandre Saigh , Patria's CEO . " We are excited to partner with Pedro and the Kamaroopin team on this new initiative that will broaden Patria's presence across the private markets value chain . Our investment philosophies are highly aligned with a sector - based focus , and a commitment to being not just investors , but company builders . " With market size of more than $ 15 billion dollars in Latin America , Venture Capital and Growth Equity strategies are in high demand . Venture Capital transaction volume in Brazil has grown at a CAGR of more than 40 % over the last decade , with transaction value reaching $ 6.6 billion in 2021 . Kamaroopin was created in 2018 , and currently has three invested portfolio companies where they partner with great entrepreneurs as investor operators to drive growth through single minded consumer focus and tech - enabled business models . Their portfolio has generated a 2.7x gross multiple based on June 2021 valuations , led by their signature first investment in Petlove , the # 1 digital Petcare platform in Brazil . Kamaroopin's current portfolio amounts to nearly BRL 1 billion ( or more than USD $ 175 million ) in assets under management , and they are profitable on a Fee Related Earnings basis at current size . " Today is a very important day for Kamaroopin , " said Pedro Faria , Kamaroopin's founding partner . “ Kamaroopin was founded within the SK Tarpon ecosystem , with the mission to be company builders , operating as true partners of entrepreneurs and teams . Today , we are taking a step further with the association with Patria , the leading alternative investment firm focused on Latin America . We are inspired by their team leadership and successful investment model . We will strengthen our ability to back many more companies and build consistent and lasting business legacies . " Transaction Details While detailed financial terms of the transaction are not being disclosed , the structure will comprise two stages . The first stage includes an agreement to acquire a 40 % minority stake in Kamaroopin's existing business for cash consideration , which upon closing will launch a joint fundraising campaign for a new Growth Equity fund . The second stage of the transaction would trigger the acquisition of the remaining 60 % stake in Kamaroopin for equity consideration , contingent on achieving pre - defined fundraising objectives , and fulfilling certain other requirements . Should the requirements for the second stage not be satisfied , Patria and Kamaroopin would have optionality to unwind the transaction . Kamaroopin will have minimal impact on Patria's near term Distributable Earnings , with the exception of an attractive performance fee opportunity on Petlove . As part of the partnership agreement , Patria will be entitled to participate in the crystallization of Petlove's eventual performance fee , in a structure that was designed to provide the best alignment of incentives among all parties . Upon the closing of stage two of the transaction , Kamaroopin's earnings would be fully consolidated , and including revenue from the new fund , the strategy is expected to be profitable on both a Fee Related Earnings and Distributable Earnings basis with significant room to scale moving forward . Conference Call & Webcast Information Patria will host a conference call on Thursday , December 9 , 2021 at 9:00 am ( Eastern Time ) to discuss the transaction . The conference call can be accessed via webcast on the Events section of Patria's IR website at https://ir.patria.com . A presentation on the transaction will be posted to Patria's IR website and on the SEC website at https://www.sec.gov/ in advance of the conference call . About Patria Investments Patria is a leading alternative investment firm focused in Latin America , with over 30 years of history and managing products across Private Equity , Infrastructure , Credit , Public Equities and Real Estate . As of September 30 , 2021 , including the combination with Moneda Asset Management which closed on December 1 , 2021 , the combined platform managed nearly $ 25 billion of assets under management , with a global presence in 11 offices across 4 continents . Through its investments Patria seeks to transform industries and untangle bottlenecks , generating attractive returns for its investors , while creating sustainable value for society . Further information is available at www.patria.com About Kamaroopin Kamaroopin is a growth equity firm focused on building long - lasting companies , positioned to benefit from secular trends in consumer habits . Its purpose is to accelerate the growth of companies , combining dreams , capital and talent at the service of entrepreneurship , innovation and corporate legacy . It operates under a collaborative approach in the elaboration of proprietary investment theses , robust diligence and investment underwriting processes and in partnership with talented entrepreneurs and teams . Further information is available at https://www.linkedin.com/company/kamaroopin/ Disclaimer : This press release is for informational purposes only and does not constitute an offer to sell , a solicitation of an offer to buy , or a recommendation to