Patria files for NASDAQ IPO

Patria Investments, a Latin America-focused investor that has been partially owned by Blackstone for the past decade, is setting the table for a seldom-seen event: A public offering for a private equity firm.

Patria has filed to go public on the Nasdaq, a move that comes a little more than 10 years after Blackstone acquired a 40% stake in the Brazilian firm for a reported $200 million. Since that 2010 deal, Patria has grown its assets under management from $3.6 billion to $12.7 billion, with $7.2 billion of that current AUM.

Blackstone itself has been publicly traded since 2007, with fellow industry giants KKR & Co. Inc., The Carlyle Group, Apollo Global Management Inc. and Ares Management Corporation among the handful of other firms listed on US stock exchanges.

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