10:33 AM EDT, 04/29/2024 (MT Newswires) -- Patria Investments ( PAX ) said Monday it has completed the carve-out acquisition of a private equity solutions business from Abrdn.

The acquired platform, along with Patria's existing global private markets vehicles, will form a new division called Global Private Markets Solutions, with a combined Fee Earning Assets under management exceeding $10 billion, the company said.

Shares of Patria Investments ( PAX ) were up 0.5% in recent Monday trading.

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