United States securities and exchange commission logo

                               January 6, 2021

       Alexandre Teixeira de Assump    o Saigh
       Chief Executive Officer
       Patria Investments Limited
       18 Forum Lane, 3rd floor,
       Camana Bay, PO Box 757, KY1-9006
       Grand Cayman, Cayman Islands

                                                        Re: Patria Investments
                                                            Amendment No. 2 to
Draft Registration Statement on Form F-1
                                                            Submitted December
18, 2020
                                                            CIK No. 0001825570
Statement on Form F-1
                                                            Filed December 30,
                                                            File No 333-251823

       Dear Mr. Saigh:

               We have reviewed your amended draft registration statement and
your publicly filed
       registration statement and have the following comments. In some of our
comments, we may ask
       you to provide us with information so we may better understand your

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional

       Form F-1 filed December 30, 2020

       Cover Page

   1.                                                   We note the included
pictures and text following the cover page of the prospectus. Please
                                                        limit the text
preceding the pictures to text used to explain the visual presentation. In that
                                                        regard, please also
clarify what the pictures are attempting to show as it relates to your
                                                        own company, because
the pictures appear to show other companies' products. Refer to
                                                        Question 101.02 of
Securities Act Forms, Compliance and Disclosure Interpretations,
 Alexandre Teixeira de Assump    o Saigh
Patria Investments Limited
January 6, 2021
Page 2
         available on the SEC website. We also note the text information
following the pictures,
         on the page titled "Patria at a glance." Please tell us why you
believe it is appropriate to
         include selective numbers and percentages in a graphic of this type,
without additional
         context and information.
       You may contact Michelle Miller at 202-551-3368 or David Irving at
202-551-3321 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Julia Griffith at 202-551-3267 or Susan Block at 202-551-3210 with any
other questions.

FirstName LastNameAlexandre Teixeira de Assump    o Saigh
Comapany NamePatria Investments Limited
                                                     Division of Corporation
January 6, 2021 Page 2                               Office of Finance
FirstName LastName