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Net revenue from services
 12 Months Ended
Dec. 31, 2023
Revenue From Services [Abstract]  
Net revenue from services evenue from services
202320222021
Revenue from management fees252,885 223,485 144,654 
Revenue from incentive fees4,051 6,070 4,915 
Revenue from performance fees (a)74,712 30,350 89,295 
Fund fees331,648 259,905 238,864 
Revenue from advisory and other ancillary fees2,742 4,156 731 
Total gross revenue from services334,390 264,061 239,595 
Taxes on revenue - management fees and other(5,356)(3,957)(3,910)
Taxes on revenue - performance fees(1,417)(1,227)(170)
Taxes on revenue(6,773)(5,184)(4,080)
Net Revenue from services327,617 258,877 235,515 
The following is the breakdown of revenue by region (b):
Brazil50,177 40,165 25,725 
British Virgin Islands23 3,122 2,311 
Cayman Islands215,296 160,226 200,695 
Chile53,032 52,074 5,215 
Colombia1,993 — — 
Uruguay2,215 — — 
United Kingdom713 — — 
United States of America4,168 3,290 1,569 
Net revenue from services327,617 258,877 235,515 
(a)Performance fees are primarily generated when the return of the investment funds surpasses the performance hurdle set out in the related charters. Revenue from performance fees mainly consists of US$ $57.8 million from Patria Infrastructure Fund III and $15.5 million from PE V relating to the Lavoro transaction (note 12(b)) for the year ended December 31, 2023.
(b)Disclosure of revenue by geographic location is based on the registered domicile of the manager receiving fees. The investment funds managed by the Group attract and retain many global investors that represent the Group’s portfolio of clients. None of the Group’s individual clients represents more than 10% of the total revenues for the presented years.