- Fund name: Patrizia TransEuropean VII
- Amount raised: €634 million
- Target size: €500 million
- Hard-cap: €750 million
- Stage of fundraising: Third Close
- Third close date: January 2020
- Predecessor fund: Patrizia TransEuropean VI (€430 million)
Patrizia held a third close at €634 million for Patrizia TransEuropean VII. The fund is the largest in the Patrizia TransEuropean series, backed by investors from the UK, the Middle East, Europe, the US and Asia. The fund will pursue a cash-flow driven, value-add strategy primarily across the office, industrial and residential sectors in continental Europe and the UK, adopting a more ‘operator’-style approach.