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Patrizia raises EUR millions via new real estate fund

Patrizia Multi Managers -- formerly Copenhagen's Sparinvest Property Investors -- has hauled in millions of euros after closing the first investment round in its fifth real estate fund. The fund's target is to reach EUR 700 million.

Mads Rude, CEO of Patrizia Multi Managers. | Photo: PR.

Patrizia Multi Managers has raised EUR 182 million at the first closing of its fifth real estate fund. The target is to reach an equity of EUR 700 million over the next few years, according to a company announcement.

In 2017, Augsburg-headquartered asset manager Patrizia took over Copenhagen-based real estate fund provider Sparinvest Property Investors and named it Patrizia Multi Managers. Mads Rude, CEO of Patrizia Multi Managers, says in the announcement that existing investors have backed the new fund.

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