PATRIZIA AG has taken on a new mandate purely focused on real estate debt and is strengthening its position as a leading independent global real assets investment manager. The client is a leading Hong Kong insurer.
The PATRIZIA Global Real Estate Debt mandate is now operational and aims to invest the initial $50 million of capital in up to four investments across Europe and APAC.
“In a world of low interest rates, long-term investors such as insurers and pension funds are increasingly looking at alternative strategies in private markets to secure higher returns. That is why there is currently a growing appetite for private debt and such investment products,” said Marko Multas, head of Asia, PGP and fund manager of the new product. “We believe that real estate debt will offer attractive opportunities for new and existing clients. Many traditional lenders like banks have retreated from our target markets, opening up an opportunity for us to provide our client
