About us
Raised
€
0
bn+
Average years industry experience of senior investment professionals
0
Year
Track Record
Track Record
0
+
Investors have committed to the last 3 Funds
0
%
OUR STORY
Patron's History
Founded in 1999, Patron Capital Partners has grown to become one of Europe’s leading opportunistic real estate managers, raising €5.3 billion across more than 200 investments. Patron works alongside a network of operating partners throughout Europe, with advisory offices in the UK, Luxembourg, Portugal and Spain. Driven by passion to deliver beyond expectation.
WHO WE ARE
Our Competitive Advantages
Proven Performance through Multiple Cycles
- Patron has a proven track record of successful investments in Western Europe through multiple market cycles and markets
- Approx. 90% of all capital has been deployed into Western European markets earning an average 15% Gross IRR and 1.5x Gross Equity Multiple over the past 25 years
Longstanding Experienced Team
- Patron has developed a large, experienced and stable team in Europe with expertise in acquisitions, asset management, development, finance and operations across sectors and regions to optimally execute the Fund’s strategy
- In particular, Patron has considerable experience in investing in residential and industrial property markets across multiple Western Europe countries
Thematic and Granular Investment Approach
- Patron pursues a micro-thematic and granular approach to its investments
- The Fund focuses on mid-market transactions that typically require equity commitments in the range of €30-€80m (investments or themes) and aims to invest in non-competitive situations
- Patron’s deep relationships across Europe provide tremendous access, enabling efficient deal origination – including superior access to off-market deals
Expertise in Operational Real Estate
- Patron targets a portfolio with 70-80% typically “smaller” real estate investments combined with 20-30% larger more complex investments to create a diversified portfolio
- Significant returns can be achieved when investing in challenged operational businesses and complex corporate structures, where investments are supported by underlying real estate assets
Extensive and Proven Network of Local Partner Relationships
- Patron’s high-involvement oversight model has helped establish a distinct owner-operator dynamic between Patron and local partners, enabling us to effectively scale Europe
- Patron has a strong network of c.90 local partners across Europe with a 10+ year average relationship length and is actively working with these relationships across current investments and opportunities
Prudent Use of Leverage
- Patron’s conservative approach to leverage reflects its desire to ensure adequate cashflow to execute the business plan, and to allow flexibility in the capital structure to operate effectively under changing market conditions
- Target leverage of 50-55% LTV
- Leverage across all investments now at 53%
High Transparency and Alignment with Investors
- Patron’s strong and resilient culture of commitment and transparency has resulted in long-term partnerships with its investors
- Patron makes all relevant internal materials available to investors with direct access to our teams
Responsible Investment Focus
- Patron is exceptionally focused on responsible investing
- Patron is a signatory of the UN Principles for Responsible Investing (“PRI”) as well as GRESB
- As part of Patron’s continued commitment in this area, Fund VII is an Article 8 Fund under SFDR
INVESTORS
Established Institutional Investor Base
We take pride in our longstanding, trusted relationships with our partners and investors. 88% of capital comes from an institutional investor base which includes Sovereign Wealth Funds, Public & Private Pension Plans, Endowments and Foundations. Notably, we have achieved an average re-up rate of 72% across our last three funds.
WHO WE ARE
Code of Ethics
We recognise that the foundation of our relationships with clients, investors, partners and employees is mutual trust and goodwill.
Honesty
- We will be honest and truthful in all we say and do, and strive to be consistent in all our dealings.
- We will strive for clarity and remove any ambiguity in our undertakings and in what we expect from others.
- We will never knowingly give inadequate or misleading descriptions of our intentions and expectations.
Honesty
- We will be honest and truthful in all we say and do, and strive to be consistent in all our dealings.
- We will strive for clarity and remove any ambiguity in our undertakings and in what we expect from others.
- We will never knowingly give inadequate or misleading descriptions of our intentions and expectations.
Integrity
- We will declare at the outset any possible conflicts of interest and endeavour to resolve them in a way that protects our clients’ interests.
- We will not place ourselves under any financial or other obligation to individuals or organisations that might influence our responsibilities to our clients.
- All our dealings and activities should be such that if they were exposed to critical public scrutiny, we should have no reason to feel ashamed or embarrassed.
Integrity
- We will declare at the outset any possible conflicts of interest and endeavour to resolve them in a way that protects our clients’ interests.
- We will not place ourselves under any financial or other obligation to individuals or organisations that might influence our responsibilities to our clients.
- All our dealings and activities should be such that if they were exposed to critical public scrutiny, we should have no reason to feel ashamed or embarrassed.
Fairness
- In carrying out our business, making appointments, awarding contracts, or recommending individuals, we will make choices based on merit and the individual’s needs.
- We strive to value and see the good in every individual and undertake to treat all with equal respect, fairness and dignity.
Fairness
- In carrying out our business, making appointments, awarding contracts, or recommending individuals, we will make choices based on merit and the individual’s needs.
- We strive to value and see the good in every individual and undertake to treat all with equal respect, fairness and dignity.
Accountability
- In carrying out our business, making appointments, awarding contracts, or recommending individuals, we will make choices based on merit and the individual’s needs.
- We strive to value and see the good in every individual and undertake to treat all with equal respect, fairness and dignity.
Accountability
- In carrying out our business, making appointments, awarding contracts, or recommending individuals, we will make choices based on merit and the individual’s needs.
- We strive to value and see the good in every individual and undertake to treat all with equal respect, fairness and dignity.
