Patron Capital launches distressed-assets fund

DistressedPatron Capital has raised over €880 million for its new fund, which opportunistically targets distressed and undervalued investments.

The Fund IV will make investments directly or indirectly related to property, primarily across Western Europe.

It will target distressed property and property-backed corporate investments such as property companies, hotels and leisure and healthcare.

Patron Capital said the Fund IV would acquire assets on its own as well as co-investing with partners and banks.

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