Patron Raises $1.1B For Fund, Eyes Distressed Euro Market

Law360, New York (September 5, 2012, 3:49 PM EDT) -- Real estate-focused private equity firm Patron Capital LP announced Wednesday it has raised €880 million (US$1.1 billion) for its latest fund, paving the way for the firm to scoop up assets European owners ravaged by a tough economy are eager to unload.

The London firm said the effort outstripped its expectations to spawn one of the largest funds in its portfolio. Patron plans to use the fund to further its main strategy of cashing in on struggling and undervalued real estate portfolios across Western Europe....
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