0001193125-22-124171 | 20-F | XBRL Viewer

Significant accounting policies - Additional Information (Detail)		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021
Statements [Line Items]
Social contribution tax rate		9.00%
Market Performance Condition [Member]
Statements [Line Items]
Percentage Of Share Price Used To Determine Number Of Units Delivered To The Participant Comparison To Total Shareholder Return	8.00%
Percentage Of Additional Number Of Units Entitled By Participant To Total Number Of Units Orginally Granted TO The Participant Based ON Total Shareholder Return	20.00%

Significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Summary of estimated useful lives of property plant and equipment

The estimated useful lives per category are as follows:


Facilities		10 years
Machinery and equipment		10 years
Furniture and fixtures		10 years
Building improvements (*)		10 years
Office equipment - Electronic equipment		5 years
Office equipment - IT equipment		5 years
Office equipment - Telephone equipment		5 years

(*)	Building improvements are depreciated over 10 years or based on the duration of the lease, whichever is shorter.

Personnel and related taxes payable

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Personnel and related taxes

15	Personnel and related taxes payable


	2021		2020
Personnel and related taxes		1,866		372
Accrued vacation and related charges		2,003		920
Employee profit sharing (a)		32,043		10,239
Officers’ Fund (b)		1,852		1,271

Personnel and related taxes payable - current liabilities		37,764		12,802

Officers’ Fund (b)		3,029		1,527
Strategic Bonus (c)		2,223		—

Personnel - non-current liabilities		5,252		1,527

(a)

The Group recognizes a provision for payment of profit sharing to employees, according to conditions approved by management, which is recorded as personnel expenses in the consolidated income statement. The amount of US$ 10,239 was paid in February 2021. The balance on December 31, 2021 includes US$ 890 of carry bonus interest. An amount of US$ 31,153 was fully settled by February 28, 2022.

(b)	Represents the amount of accrued employee benefits related to the Officers’ Fund, as described in note 30(b).

(c)

The Group delivers certain long-term employee benefits (“Strategic Bonus”) for a portion of its employees. MAM I is responsible for the operation and settlement of the Strategic Bonus with the objective to retain key or strategic employees and provide alignment between employees and clients. The Strategic Bonus was incorporated on December 15, 2017 and requires employees to remain in employment until the payment date of the Strategic Bonus, being February 28, 2023.

The Strategic Bonus was

closed to new members since inception with no change in the number of participants. No cash

contributions were made to the Strategic Bonus since inception. The balance on December 31, 2021 includes US$ 282 for a key management participant of which US$ 2 was accrued during December 2021 and included under personnel expenses.

The current value of the Strategic Bonus due to employees reflects the present value of the obligations and any remeasurement gains and losses on the Strategic Bonus in the Income Statement in accordance with IAS 19 — Employee Benefits using the simplified method of accounting.

Administrative expenses (Tables)

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Summary of administrative expenses


	2021			2020			2019
Professional services		(6,439	)		(7,351	)		(5,852	)
IT and telecom services		(1,762	)		(1,085	)		(1,262	)
Depreciation of right-of-use assets		(1,201	)		(1,026	)		(1,273	)
Travel expenses		(1,137	)		(1,586	)		(2,760	)
Depreciation of property and equipment		(582	)		(654	)		(847	)
Occupancy expenses		(578	)		(977	)		(1,339	)
Taxes and contributions		(340	)		(189	)		(358	)
Brand amortization		(253	)		—			—
Marketing and events		(338	)		(495	)		(709	)
Materials and supplies		(191	)		(153	)		(227	)
Software amortization		(164	)		(84	)		(96	)
Other administrative expenses		(1,400	)		(1,027	)		(979	)

Administrative expenses		(14,385	)		(14,627	)		(15,702	)

Recoverable Taxes - Summary of Recoverable Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Text Block [Abstract]
Income tax and social contribution recoverable	$ 2,643	$ 208
Other recoverable taxes	$ 509	$ 484

Cost of services rendered

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Cost of services rendered

22	Cost of services rendered


	2021			2020			2019
Salaries and wages		(11,593	)		(7,896	)		(10,165	)
Partners’ compensation (note 30(a))		(2,784	)		(2,582	)		(2,738	)
Officers’ Fund		(2,196	)		(431	)		1,037
Rewards and bonuses		(21,828	)		(11,800	)		(17,785	)
Social security contributions and payroll taxes		(3,898	)		(2,356	)		(4,684	)
Carried interest bonuses		(890	)		—			—
Share based incentive plan (note 27(d))		(764	)		—			—
Strategic Bonus		(15	)		—			—
Other short-term benefits		(3,636	)		(2,164	)		(2,563	)

Personnel expenses		(47,604	)		(27,229	)		(36,898	)

Amortization of placement agents’ fees (note 14)		(2,148	)		(2,300	)		(2,270	)
Rebate fees		(364	)		(30	)		(27	)
Amortization of contractual rights (note 14)		(3,623	)		(3,623	)		(3,763	)
Amortization of non-contractual customer relationships (note 14)		(785	)		—			—

Amortization of intangible assets		(6,920	)		(5,953	)		(6,060	)

Carried interest allocation (a)		(30,204	)		—			—
Deferred consideration (b)		(2,037	)		—			—

Costs of services rendered		(86,765	)		(33,182	)		(42,958	)

(a)

This expense refers to a carried interest share held by a related party (representing the Group’s senior managing directors and employees) in Patria Brazilian Private Equity III, Ltd. that gives it the right to up to

35% of the performance fees recognized from PBPE Fund III (Ontario), L.P. As of December 31, 2021, US$ 11.6 million remains payable.

(b)	Refer to note 28 for details on deferred consideration accrued.

Revenue from services - Summary of Revenue From Services (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Revenue From Services [Line Items]
Percentage of individual client's revenue	10.00%

Label

Element

Value

Deposit From Client Funds

pax_DepositFromClientFunds

$ 66,672,455,000

Deposit From Client Funds

pax_DepositFromClientFunds

$ 78,163,000

Deposit From Client Funds

pax_DepositFromClientFunds

$ 7,817,000

Percentage Of acquired undisclosed equity consideration contingent

pax_PercentageOfAcquiredUndisclosedEquityConsiderationContingent

60.00%

Percentage Of acquired undisclosed equity consideration contingent

pax_PercentageOfAcquiredUndisclosedEquityConsiderationContingent

60.00%

Cash consideration paid

pax_CashConsiderationPaid

$ 132,331,000

Cash consideration paid

pax_CashConsiderationPaid

Cash consideration paid

pax_CashConsiderationPaid

132,331,000

Noncash addition of right of use assets

pax_NoncashAdditionOfRightOfUseAssets

8,783,000

Noncash addition of right of use assets

pax_NoncashAdditionOfRightOfUseAssets

137,000

Noncash addition of right of use assets

pax_NoncashAdditionOfRightOfUseAssets

5,132,000

Consideration payable on acquisition

pax_ConsiderationPayableOnAcquisition

16,437,000

Consideration payable on acquisition

pax_ConsiderationPayableOnAcquisition

Consideration payable on acquisition

pax_ConsiderationPayableOnAcquisition

16,437,000

Loss Contingency, Loss in Period

pax_LossContingencyLossInPeriod

2,100

Other Comprehensive Income Currency Translation Adjustments Non Controlling Interests

pax_OtherComprehensiveIncomeCurrencyTranslationAdjustmentsNonControllingInterests

(88,000)

Other Comprehensive Income Currency Translation Adjustments Non Controlling Interests

pax_OtherComprehensiveIncomeCurrencyTranslationAdjustmentsNonControllingInterests

(1,911,000)

Other Comprehensive Income Currency Translation Adjustments Non Controlling Interests

pax_OtherComprehensiveIncomeCurrencyTranslationAdjustmentsNonControllingInterests

(610,000)

Addition For Accumulated Depreciation And Property Plant And Equipment