Patron Capital, the pan-European institutional investor focused on property-backed investments, has closed its seventh flagship fund, raising in excess of €860 million ($920 million), including more than €200 million ($216 million) of Patron discretionary co-investment capital for larger opportunities.
Of the capital raised for Patron Capital LP VII, 76 percent came from Patron’s existing investor base and existing relationships, with the majority of commitments coming from the United States and Canada, followed by Asia Pacific, Europe and the Middle East. Investors included pension funds, sovereign wealth funds, endowments, foundations and family offices.
Fund VII will continue the same investment strategy as Patron’s previous funds, opportunistically targeting distressed and undervalued investments, directly or indirectly related to property, across Western Europe. The fund will invest across a range of sectors in property-backed corporate investments as well
