Just closed: Patron closes on €949m

The fund surpassed its target by almost €200m.

Patron Capital Advisors has closed its fifth flagship fund at €948.6 million, surpassing the €750 million target set at launch in October 2014. Advised by Carey Olsen, the fund will invest into Western European distressed and undervalued properties and assets.

Investors in the fund include Arizona Public Safety Personnel Retirement System, Merced County Employees Retirement Association, University of Michigan and Kentucky Retirement Systems.