The Fund aims to outperform the market across different cycles and macroeconomic environments, seeking structures that minimize drawdowns. Its core portfolio follows a long-term strategy with a bottom-up approach, no sector restrictions, and incorporates ESG criteria as a source of value. The strategy leverages Patria’s expertise across multiple markets and seeks to invest in companies that benefit from the prevailing macroeconomic environment. The tactical portfolio aims to capture short-term market inefficiencies and to protect the portfolio in adverse macroeconomic scenarios.

The portfolio consists of 25 to 35 positions, with allocations ranging from 2% to 12% of the fund, and may include short positions. Net long exposure can range from 0% to 100%. The Fund employs risk management tools to control beta, monitor exposure to different risk factors, and ensure continuous oversight of all investments and new opportunities.