Patria Acquires Abrdn


October 26, 2023

Under the terms of the agreement, Patria Investments Limited (“Patria”) will acquire the private equity business of abrdn Inc. (“Abrdn”) for total consideration of approximately $122 million, with $72 million payable at closing and the rest payable in intervals of three years. Further terms of the transaction have not been disclosed.

Patria, headquartered in the Cayman islands, is an alternative asset manager focusing on investments in the Latin American Market. Patria has approximately $1.3 billion in fee-earning assets under management.

Abrdn, based in Philadelphia, is a US-based subsidiary of Scottish global investment company Abrdn plc focusing on US private markets investment strategies. Arbdn’s Private Equity business manages approximately $7.8 billion in client assets.

To read the press release: please click here.


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