Patron Capital, a pan-European institutional investor focused on property-backed investments, has closed its most recent fund, raising EUR844 million (USD1.038 billion), including approximately EUR128 million (USD157 million) of co-investment capital for Patron Capital, LP VI.
Launches & Fundraising
Belveron Partners, an affordable housing and preservation-focused investment group, has closed its sixth real estate investment fund at USD280 million, exceeding its initial target of USD225 million.
Macquarie Asset Management (Macquarie) will expand its private credit offering with the launch of a secure income real estate strategy initially targeting investment opportunities in commercial ground leases.
Palmira Capital Partners (Palmira) has raised EUR150 million for the firsg closing of its new corporate real estate fund.
Having successfully raised approximately USD100 million of capital for national acquisitions in Fund I in 2019, PTM Partners (PTM), a real estate investment and development firm focused on Qualified Opportunity Zones founded by Michael Tillman, Scott Meyer and Nicholas Pantuliano, has held the first closing of its second Qualified Opportunity Zone fund, the PTM Partners Opportunity Zone Fund II, LP (PTM OZF II) at USD40 million.
Ocorian, a diversified global financial services group and leader in fund administration, capital markets, corporate and fiduciary services, is supporting as trustee the launch of a new UK homelessness property fund, the National Homelessness Property fund 2 (the fund).
BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has successfully launched the first property fund that sets out to be compliant with the 2015 Paris Agreement, a landmark agreement that brought nations together to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future.
Pareto Alternative Investments (PAI) has held the first closing of the new Pareto Real Estate Credit Fund (PREC), which will target first lien commercial real estate financing opportunities across the Nordics (ex Iceland) where borrowers are incentivised to improve the sustainability profile of the property and by doing so reduce risk on the investment and promote a more sustainable environment.
MARK's urban logistics platform Crossbay secures EUR550m in equity commitments to support portfolio growth
Crossbay, the first pan-European logistics platform to focus on single-tenant distribution centres, has secured EUR550m in equity commitments from a global mix of major investors.
UAE-based Ento Capital has launched the Al Rajhi Legacy Fund, a USD50 million UK property investment fund.