<SEC-DOCUMENT>0001104659-25-010999.txt : 20250210
<SEC-HEADER>0001104659-25-010999.hdr.sgml : 20250210
<ACCEPTANCE-DATETIME>20250210173016
ACCESSION NUMBER:		0001104659-25-010999
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250210
DATE AS OF CHANGE:		20250210

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Patria Investments Ltd
		CENTRAL INDEX KEY:			0001825570
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-92495
		FILM NUMBER:		25606814

	BUSINESS ADDRESS:	
		STREET 1:		60 NEXUS WAY, 4TH FLOOR
		STREET 2:		CAMANA BAY, PO BOX 757
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9006
		BUSINESS PHONE:		1 345 640 4900

	MAIL ADDRESS:	
		STREET 1:		60 NEXUS WAY, 4TH FLOOR
		STREET 2:		CAMANA BAY, PO BOX 757
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9006

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Endure Capital Management, LLC
		CENTRAL INDEX KEY:			0002055657
		ORGANIZATION NAME:           	
		IRS NUMBER:				993030427
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		6500 RIVER PL BLVD BUILDING 7
		STREET 2:		SUITE 250
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78730
		BUSINESS PHONE:		(513) 582-6030

	MAIL ADDRESS:	
		STREET 1:		6500 RIVER PL BLVD BUILDING 7
		STREET 2:		SUITE 250
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78730
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Endure Capital Management, LLC -->
          <cik>0002055657</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A common shares, par value US$0.0001 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>02/03/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001825570</issuerCik>
        <issuerName>Patria Investments Ltd</issuerName>
        <issuerCusip>G69451105</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>60 NEXUS WAY, 4TH FLOOR</com:street1>
          <com:street2>Camana Bay, PO Box 757</com:street2>
          <com:city>Grand Cayman</com:city>
          <com:stateOrCountry>E9</com:stateOrCountry>
          <com:zipCode>KY1-9006</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Endure Capital Management, LLC</reportingPersonName>
      <citizenshipOrOrganization>TX</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>2960876.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>2960876.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2960876.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>4.8</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <comments>The figures included above are based upon 61,887,584 Class A common shares, par value US$0.0001 per share ("Common Stock"), of Patria Investments Limited (the "Issuer"), outstanding as of January 27, 2025, as disclosed in the Issuer's Prospectus Supplement filed on January 30, 2025, by the Issuer with the U.S. Securities and Exchange Commission (the "Prospectus Supplement").</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Ryan Simes</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>202950.00</soleVotingPower>
        <sharedVotingPower>2960876.00</sharedVotingPower>
        <soleDispositivePower>202950.00</soleDispositivePower>
        <sharedDispositivePower>2960876.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3163826.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.1</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>The figures included above are based upon 61,887,584 shares of Common Stock outstanding as of January 27, 2025, as disclosed in the Prospectus Supplement. The figures in Items 5, 7, and 9 include 98 shares of Common Stock held through two of the Reporting Person's IRA accounts.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Patria Investments Ltd</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>60 Nexus Way, 4th floor, Camana Bay, PO Box 757 Grand Cayman, E9, KY1-9006</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This statement is filed by and on behalf of Ryan Simes (the "Reporting Person"). Enduring Alpha Fund, LP, a Delaware limited partnership ("Enduring Alpha Fund") is the record and direct beneficial owner of 2,960,876 shares of Common Stock of the Issuer covered by this statement. Endure Capital Management, LLC, a Texas limited liability company ("Endure Management") is the investment manager of, and may be deemed to beneficially own securities owned by, Enduring Alpha Fund. Mr. Simes is the sole member of, and may be deemed to beneficially own, securities beneficially owned by Endure Management. Mr. Simes is the record and direct beneficial owner of 202,950 shares of Common Stock of the Issuer covered by this statement. Endure Capital Management, LLC disclaims beneficial ownership of the 202,950 shares of Common Stock held directly by Mr. Simes.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address of the principal business office of the Reporting Person is 6500 River Pl Blvd Building 7, Suite 250, Austin, TX 78730.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>See Item 4 on the cover page(s) hereto.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See Item 9 on the cover pages(s) hereto.</amountBeneficiallyOwned>
        <classPercent>See Item 11 on the cover page(s) hereto.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See Item 5 on the cover pages hereto.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See Item 6 on the cover pages hereto.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See Item 7 on the cover pages hereto.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See Item 8 on the cover pages hereto.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Endure Capital Management, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Ryan Simes</signature>
        <title>Managing Member</title>
        <date>02/10/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Ryan Simes</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Ryan Simes</signature>
        <title>Ryan Simes</title>
        <date>02/10/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
