According to CoinMeta, Patria Investments ( PAX ) has achieved a record high in asset management scale ( AUM ) against the backdrop of a decline in political momentum in Latin America and has announced an increase in dividends. Although it is expected that dividends will be increased in 2026, the trading multiple of PAX is still significantly lower than the fee-related earnings ( FRE ). The company has shown a positive momentum in fundraising, and changes in the political environment will also bring a more favorable business environment for it.