The firm has launched the strategy at a time when real estate financing ‘is a pretty broken market,' according to CEO Jon Winkelried.
The commitment from the real estate investment arm of the Swiss banking giant has been invested in portfolio company Placefirst.
The manager closed on an additional $2bn for its latest real estate opportunistic fund during Q3 2023 amid a pick-up in transaction activity.
The recent launch of two Article 9 transition funds demonstrates how real estate’s understanding of the SFDR classification is evolving.
The Texas-based manager has bucked a wider private real estate capital market malaise by hitting the $746m hard-cap for its latest Sun Belt states logistics-focused vehicle.
If fundraising continues at its current place, the year is on track to end with the lowest amount raised since 2012.
The investor has announced $1bn of commitments across two direct private real estate funds within the past year.
The macroeconomic climate may not have created optimal investment conditions, but the ranking reached a new fundraising milestone in H1 2023.
Patrizia’s leaders say the departure of key men Paul Hampton and Charles-Nicholas Tarriere constitutes ‘an excellent reboot’ for the firm’s long-standing TransEuropean funds.
You have until November 17 to tell us which firms and individuals made the biggest marks in a year stifled by difficult macroeconomic conditions.