Patria Private Equity Trust PLC Appoints New Chair
Patria Private Equity Trust PLC has appointed Duncan Budge as its new chair following the conclusion of the company’s annual general meeting, according to Private Equity Wire. Budge replaces Alan Devine, who has stepped down as both director and chair.
Background of the Outgoing Chair
Alan Devine had served as chair since March 2022 and as a company director since May 2014. Devine led the board for over two years before his departure.
Details on the New Chair
Duncan Budge joined the board in February 2025 and brings extensive experience in private equity and board leadership, as noted in the report. This change occurs as part of standard board transitions at the trust.
Comments from the Outgoing Chair
Outgoing chair Alan Devine stated: “I am pleased to hand over the chair to Duncan Budge. His deep sector knowledge and leadership skills make him an excellent successor. I remain committed to supporting Patria Private Equity Trust’s growth as a shareholder,” according to Private Equity Wire. As widely known in the private equity industry, such leadership changes often reflect ongoing governance practices.
