Fund
- Patron Capital manages over €4 billion of capital across multiple funds and associated co-investments. Its global investor base includes universities, institutional investors, private foundations, and high-net-worth individuals from across North America, Europe, the Middle East, and Asia. The firm has achieved an average gross Internal Rate of Return (IRR) of 15% over 25 years in Mian Western Europe and a 17% gross IRR since the Global Financial Crisis.
- Captive Fund (1999), €76m
- Patron Capital L.P. I (2001), $110m (€82m)
- Patron Capital, L.P. II (2005), €303m
- Patron Capital, L.P. III (2007), €895m
- Patron Capital, L.P. IV (2011), €1220m including €220m co-investment
- Patron Capital, L.P. V (2016), €949m including €143m co-investment
- Patron Capital, L.P. VI (2020), €844m including €128m of co-investment
- Patron Capital, L.P. VII (2024), €930m including €270m of co-investment
- Women in Safe Homes Fund (2021), €33m
Recent transactions include:
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- In March 2013, Patron and Legal & General acquired CALA Group Limited, a UK home builder. As of June 2013, CALA’s land bank was over 10,000 plots with a further 4,500 plots within a longer term strategic landbank, with a gross development value in excess of £3.2 billion [2]
- In July 2013, Patron Capital acquired a 20,000sqm single-tenanted office complex located in Malakoff, Paris [3]
- In October 2013, a complex of 5 connected commercial real estate assets in central Manchester including the 23,000 spectator capacity Manchester Arena and 14,000 sqm of offices, were sold for £82.1m [4]
- In January 2014, Patron acquired the Clarion Hotel in the International Financial Services Centre in Dublin [5]
- In March 2014, Patron’s investment CALA Group acquired developer Banner Homes [6]
- In May 2014, Paron acquired a €228m loan portfolio from NAMA [7]
- In May 2014, Patron and Leipziger Stadtbau AG sold two buildings in Leipzig [8]
- In May 2014, Patron and Pamera acquired Ridlerstrasse 55 in Munich [9]
- In August 2014, Patron sold Gracewell Healthcare for £153m [10]
- In September 2014, Patron sold Mollstrasse 1, a freehold office property in Berlin-Mitte to Schroder Property [11]
- In October 2014, Patron, via its UK forecourt business Motor Fuel Group, completed its acquisition of the entire UK retail business of Murco Petroleum Limited [12]
- In November 2014, Patron sold a minority stake in its Generator Hostels business to Invesco [13]
- In March 2015, Patron sold a retail property in Braunschweig, Lower Saxony to Redevco Services Deutschland GmbH [14]
- In May 2015, Patron acquired Arlington Business Park in Theale, Reading, and The Mint, a 120,000 sq ft office building in Leeds [15]
- In June 2015, Patron sold Motor Fuel Group to Clayton, Dubilier & Rice [16]
- In June 2015, Patron Capital and Suprema acquired a 51,000 sqm office complex from GE Real Estate [17]
- In July 2015, Patron sold its office investment in Malakoff, south of Paris, to Eurosic for €80m [18]
- In July 2015, Patron Capital acquired a shared equity mortgage portfolio from Galliford Try plc [19]
- In September 2015, Patron Capital and APAM sold Crossways Point buildings in Dartford to CCLA Investment Management Ltd [20]
- On 12 October 2015, Patron Capital and RBS sold Jupiter Hotels for £160m [21]
- In December 2015, Patron acquired 7,000 sqm of existing residential asset blocks in Chamonix (France) [22]
- In December 2015, Patron together with Development Partner acquired “One Cologne” in Venloer Straße in Cologne [23]
- In January 2016, Patron Capital and Electra Partners purchased Grainger Retirement Solutions for £325 million [24]
- In February 2016, Patron sold its stake in the Staybridge Suites hotel in Liverpool to its partner Cycas Hospitality [25]
- In February 2016, Patron Capital acquired four office buildings (c. 153,000 sq. ft.) at East Point Business Park in Dublin [26]
- In July 2016, Patron Capital acquired a portfolio of 4 buildings, located across Spain, comprising 163 residential flats, 270 parking spaces and 163 storage rooms from Santander [27]
- In September 2016, Patron Capital and Fitzpatrick Lifestyle Hotels group sold Spencer Hotel in Dublin to John Malone Partnership [28]
- In October 2016, Patron Capital sold its office complex Campus West in Munich to Quantum [29]
- In November 2016, Patron completed the acquisition of 7 mainly office assets (4 office buildings, 2 office floors and 1 retail floor) in Madrid and Barcelona [30]
- In December 2016, Patron Capital sold its office building Connect on Ridlerstrasse in Munich to a British institutional fund manager [31]
- In January 2017, Habitat Invest and Patron Capital announced a joint venture to invest in development of new urban renewal projects in Portugal for residential use [32]
- In March 2017, Patron Capital invested in three shopping centres in Spain together with Eurofund Capital Partners. The assets are located in Cuenca, Alcalá de Guadaira and Alzamora in Alcoy [33]
- In March 2017, Patron Capital sold Generator Hostels to Queensgate Investments for €450 million [34]
- In April 2017, Patron Capital sold The Badby Group to Elysium Healthcare [35]
- In April 2017, Patron Capital acquired additional interests in Retirement Bridge Group to own 100% of the Group [36]
- In June 2017, Patron Capital together with Paulus Immobilien GmbH purchased a development site in Frankfurt’s Europaviertel [37]
- In June 2017, Patron Capital and Suprema sold its Berlin office complex investment to Allianz [38]
- In July 2017, Patron Capital sold its investment in one of the largest Dutch Real Estate platforms, Merin, to DREAM Global [39]
- In July 2017, Optimum Credit, owned by Patron, completed the first public securitisation of second-charge mortgages by a UK mortgage lender since the credit crisis [40]
- In August 2017, Patron Capital and Heineken completed £1.8 billion acquisition of Punch Taverns, [41] which owns a number of pubs in the UK, including The Griffin, Whetstone.
- In September 2017, Patron Capital and First Base acquired the former Amex headquarters in Brighton for a mixed-use scheme providing new homes, workspace and convenience stores [42] [43]
- In October 2017, Patron Capital sold Luxury Family Hotel to the management team and its backers [44]
- In October 2017, Patron Capital acquired Jacobs Inn Hostel in Dublin [45]
- In May 2018, Patron Capital acquired Le Magnum, an office building in Greater Paris [46]
- In September 2018, Patron Capital sold a portfolio of office properties in Dublin to Madison International Realty [47]
- In September 2018, Patron Capital and a Spanish residential developer acquired a number of residential properties with the objective of investing into different projects across Spain
- In November 2018, Patron Capital acquired a portfolio of residential development properties in Catalonia and the Balearic Islands provinces of Spain
- In December 2018, Patron Capital completed the sale of the UK Shared Equity Mortgage investment to Gresham House
- In March 2019, Patron Capital acquired the Sheraton Warsaw Hotel, located in central Warsaw, Poland [48]
- In March 2019, Patron Capital sold Capital Park to Madison International Realty [49]
- In November 2019, Patron Capital sold Jacobs Inn Hostel in Dublin to BlackRock Real Estate [50]
- In February 2020, Patron Capital completed the sale of Arlington Business Park [51]
- From 2010 to 2020, Patron Capital acquired 19 care homes and 40 land plots for building high-end care homes across the UK
- In July 2022, Patron Capital completed the sale of Barbosa du Bocage 35, a 3,600 sqm office building fully leased to Uber located in Lisbon, Portugal [52]
- Cala Group (UK) In September 2024, Patron Capital, in partnership with Sixth Street Partners, reacquired Cala Group, a leading UK housebuilder, from Legal & General for £1.35 billion. This marks Patron's return to Cala, having previously co-owned the company from 2013 to 2018
- Blackpool Shopping Centre & Cork Retail Park (Ireland) Also in September 2024, Patron, with partner Lugus Capital, acquired the Blackpool Shopping Centre and a retail park in Cork for a combined €50 million
- Residential Developments in Madrid (Spain) Partnering with Spanish developer Q21 Real Estate, Patron acquired land to develop four high-end residential schemes in Madrid, expanding its footprint in the Spanish residential market
- Livingston Designer Outlet (Scotland) In 2024, Patron purchased the Livingston Designer Outlet in West Lothian for £57 million, aiming to revitalise the retail destination
- Distressed Hotel Acquisition (Portugal) Patron acquired a distressed hotel property in Portugal, aligning with its strategy of investing in undervalued assets with potential for turnaround
- Industrial Assets (Germany & Netherlands) The firm has invested in industrial properties across Germany and the Netherlands, capitalising on the growing demand in the logistics and industrial sectors
- Hamberley Care Homes From 2010 to 2020, Patron Capital acquired 19 care homes and 40 land plots for building high-end care homes across the UK
