Patria(PAX) - 2023 Q2 - Earnings Call Transcript
Patria(PAX)2023-08-04 07:42
One more for our next question. And our next question comes from William Barranjard with Itau BBA. Yes. Hi, William. Thanks. Thanks for your question, thanks for participating. Yeah. I think the way that these drawdown funds works is that you do the first close of the fund. And then as you raise money after the first close the fees are retroactive to the first close. So contrary to the liquid strategies as we talked here with Ricardo, when someone invests subscribes quotas for a liquid fund strategy the day ...