Patria Private Equity Trust Completes Sale of €216m Portfolio

Patria Private Equity Trust (PPET) has finalized a secondary sale of a diverse portfolio valued at approximately €216 million. This sale involved 14 older and non-core investments, constituting about 13% of PPET's net asset value as of August 2024. The assets were sold at a small 5% discount compared to their valuation in March 2024, achieving a solid return with a 1.9x multiple on invested capital and a 16% internal rate of return.

This transaction positions PPET advantageously by potentially allowing the repayment of its current credit facility within the next year. Moreover, it equips the trust with additional capital, enabling new investments, dividends, or buybacks while refining its focus on the private equity mid-market.