The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Beatriz Abreu - Goldman Sachs - Analyst
: Hi, good morning, everyone. Congrats on the results and thank you for taking my question. I have two questions. The first one, would be a clarification
on PRE.
So on the sale of Aguas Pacifico, press release, you mentioned that, the sale would be completed in one Q, although the transaction was signed,
in the last quarter of 2024, so just wanted to understand. If we should expect something or an additional distribution on PRE or if all the distribution
happened in four Q, also if you have any visibility regarding other exit strategies of Infrastructure Fund III, anything you're able to comment on
that would be really helpful.
A second question would be on the redemption on public equities and credit strategies in four Q if you see that trend continuing or reverting into
the first quarter of 2025. Thank you.
Question: Beatriz Abreu - Goldman Sachs - Analyst
: That was very clear. Thank you, Alex.
Question: Unidentified Participant - - Analyst
: Thank you, everyone for your time. I have two questions here. I think the first one is more related to the fundraising figure expected for 2025, which
in the release is around $6 billion. If you could give us a little bit more color on how you expect the breakdown of it by the strategist ?
And my second question is on that figure you disclosed so net debt of $190 million. I just wanted to check if the indication given from you during
the investor day of that debt for FRE are maintained. So if it is maintained, is it okay if I should expect the current gross debt levels to be maintained
throughout until 2027.
Question: Unidentified Participant - - Analyst
: Okay, thank you very much for the complete answer.
Question: Ricardo Buchpiguel - BTG Pactual - Analyst
: Good morning, everyone and thank you for the opportunity of making questions. I have also show here on my side.
So first we saw that she approved a pension reform this year that would add more money for the local pension funds, and I imagine that credit and
public equities would be like very benefited with that, so I wanted don't you hear a little more on your thoughts on the potential of this reform
with that and talk a little bit about the timing, on how you're expecting, potential impacts of that and also related to the reform. Yeah, I think
another possibility that we could have is more inflows coming from pension funds, to infrastructure and private equity local products, right? You
mentioned the call they are looking to build more, kind of a local specific products for each region. So I wonder if you guys are already kind of
preparing to build more, local Chilean, private equities and infrastructure funds to in order to seize this opportunity.
And another thing that I wanted to ask is if you could talk a little bit about your expectations on real estate info this year, right? Because, it's an
asset class that I believe it's more connected to the funding in Brazil, right? And given the tough macroeconomic scenario we are facing, it's fair to
expect that perhaps will be harder for you to launch. New funds or the follow on these years, given the exposure, perhaps most of the growth
would come from other regions in in the real estate segment. Thank you.
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FEBRUARY 12, 2025 / 2:00PM, PAX.OQ - Q4 2024 Patria Investments Ltd Earnings Call
Question: Ricardo Buchpiguel - BTG Pactual - Analyst
: That that's very clear and just a very quick follow up, how much is the brick-and-mortar strategy over the total AM from the real estate?
Question: Ricardo Buchpiguel - BTG Pactual - Analyst
: Thank you very much.
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