• Patria Investments Limited, a global alternative asset manager, announced an agreement to acquire WP Global Partners, a U.S.-based private equity solutions manager focused on the lower middle market
• The acquisition strengthens Patria’s local presence and investment capacity in North America and responds to growing global demand for middle-market private equity exposure
• Founded in 2005 and based in New York and Chicago, WP has 30 employees, including more than 10 senior investment professionals
• WP has deployed over $6 billion across multiple sectors
• The integration of WP expands Patria’s U.S. investment and fundraising capabilities and complements its existing Private Equity Solutions business
• Patria brings 37 years of experience and manages over $51 billion in assets across five core asset classes
• The firm manages more than 35 investment strategies across over 100 products, having evolved from a product provider to a solutions provider
• WP’s addition accelerates Patria’s global diversification strategy and strengthens its offering across infrastructure, credit, real estate, and private equity funds
• The transaction enhances Patria’s exposure to private equity primaries, secondaries, and co-investments in the U.S. lower middle market
• Marco Nicola D´Ippolito, Managing Partner, highlighted the acquisition as a key step in expanding Patria’s GP ecosystem and strengthening its U.S. private equity offering
• Donald Phillips, Chairman and CEO of WP, emphasized Patria’s entrepreneurial culture, global platform, and focus on mid-market private equity as key reasons for the partnership
• The transaction is structured as an all-cash base price equivalent to 1.7% of FEAUM, plus an all-cash earn-out payable in 2029 subject to performance targets
• The acquisition is expected to be accretive to both FRE and DE in the first year
• WP’s approximately $1.8 billion in fee-earning AUM will increase Patria’s pro-forma total GPMS FEAUM to over $13.3 billion
