Patron Capital, the pan-European institutional investor focused on property-backed investments, has secured a major investment from Mitsubishi Estate Co. (MEC), through its Mitsubishi Estate Global Partners (MEGP) investment management business.
MEGP is purchasing a majority stake in Patron, as well as providing €600 million ($696 million) in the form of equity commitments to Patron’s funds and financing for new subsector strategies including real estate credit.
The transaction, which is subject to regulatory consents, is part of a long-term strategic growth plan for Patron, providing new institutional backing and positioning the business positively for sustainable growth well into the future. Keith Breslauer, Patron’s founder and managing director, and the team of senior partners will continue to manage Patron’s operations and lead the business for the long term, retaining a significant minority equity stake.
As well as new capital for growth, MEC’s
