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U.K. firms form joint venture

by Andrea Waitrovich

Legal & General Capital has established a new strategic partnership with Patron Capital. The Perpetual Opportunities Partnership will invest in long-term, operational real estate and infrastructure investment opportunities with a positive social impact. Patron will act as the primary originator and day-to-day investment manager.

“We believe that by taking a flexible, strategic approach to investing in housing and social infrastructure, we will not only offer our shareholders attractive risk-adjusted returns but also drive U.K. economic growth and contribute in a significant way to enhancing U.K. living standards,” said Paul Stanworth, managing director of Legal & General Capital, in statement.

The venture follows Legal & General’s strategy for U.K. housing and infrastructure with an appetite to provide long-term capital to the energy, housing, urban regeneration and alternative financing sectors. The investments will be made by L

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