Edison Evaluates Patria Private Equity Trust Amidst Market Challenges

On 7 July 2025, Edison Investment Research released a report assessing Patria Private Equity Trust (PPET) performance. PPET registered a modest 2.6% NAV total return in the first half of 2025. This restrained performance was largely attributed to reduced private equity market activity, affected by geopolitical uncertainties, particularly U.S. tariff issues, and stagnant U.S. interest rate policies.

Despite these near-term challenges, PPET has maintained a robust long-term track record, showing a 14% annual NAV total return over the past decade. The manager anticipates continued subdued market conditions but remains optimistic for the medium term. The industry has amassed a significant US$1.2 trillion in dry powder, 24% of which is allocated for over four years, potentially aiding PPET's mature portfolio.