Patria Investments Ltd To Acquire Private Equity Solutions Business From Abrdn Inc Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Tito Labarta - Goldman Sachs Group, Inc. - Analyst : Hi, good morning. Thanks for the conference call, and congratulations on the acquisition. A couple of questions, just some basics here. Can you let us know what interest rate are we be paying under the bank credit facility of this GBP60 million? And Alex, I think you mentioned, I guess some of it may be in stock, so just I think the remaining GBP20 million, if you can give some color? Will that be paid in cash, or as part of the stock would be part of that GBP20 million? And then, along those lines, what are the performance factors for the remaining GBP20 million that you will pay? I thought I'll start there. Thank you.

Question: Tito Labarta - Goldman Sachs Group, Inc. - Analyst : Great. Thanks, Alex. Fully caught that.

Question: Tito Labarta - Goldman Sachs Group, Inc. - Analyst : Okay, great. Thanks, Alex and Marco. And so, then, which portion would be in stock that you mentioned?

Question: Tito Labarta - Goldman Sachs Group, Inc. - Analyst : Okay, great. Yeah. Thanks.

Question: Tito Labarta - Goldman Sachs Group, Inc. - Analyst : Perfect, great. Thanks for the color. And then, I guess a second question here. I guess thinking about the outlook, and you mentioned, part of the performance factors will be fund raising. You showed some numbers there for how much like global markets and European markets have grown over the last three years. Should we think that similar type of growth rate expectation? And also, on the FRE margin, around 30% to 40% is below your current margin. Do you think over time, you would be able to get that margin more in line with the margins you're delivering in the high 50% range? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 16, 2023 / 1:30PM, PAX.OQ - Patria Investments Ltd To Acquire Private Equity Solutions Business From Abrdn Inc Call

Question: Tito Labarta - Goldman Sachs Group, Inc. - Analyst : Great. Thanks, Alex and Marco, again. Maybe, just one follow-up on that point. Does that 30% to 40% margin though, imply some potential synergies? Or it's just the run rate of the business and that's what you'll be able to manage it at?

Question: William Barranjard - Banco Ita· BBA S.A. - Analyst : Hi, Team, and thank you for the opportunity, and sorry for interrupting the last remarks. So my question is here regarding this new strategies, more specifically, on the global private market solutions, is that you believe that this kind of strategy is gaining momentum among the Latin American investors. So my question here is that, do you already have investors asking for these? Or are you going to market with new products? Here, I would like to understand how you're going to attack the Latin America investors with this new initiative.

Question: William Barranjard - Banco Ita· BBA S.A. - Analyst : Yes, yes. Very complete. Thank you.