In a sign of how Patrizia has moved further away from being just a real estate investor to a global real assets firm, the German company has launched its largest ever infrastructure strategy dedicated to APAC.
Patrizia MBK Fund Management, a discretionary fund between Patrizia and Japan’s Mitsui, is attempting to assemble $1 bn (€922 mln) of assets.
The pair want to invest in sustainable mid-market infrastructure across the APAC region.
Graham Matthews, CEO of Patrizia Infrastructure, said: ‘The launch of our new APAC strategy is a real game-changer for Patrizia. It provides significant capital to really accelerate our next phase of growth in the Asia-Pacific region, which remains a core pillar of our mid-term growth strategy.’
Matthews was formerly CEO of infrastructure investor Whitehelm Capital, which Patrizia acquired for €67 mln in 2021.
The new initiative will invest in sustainable infrastructure assets in the key developed APAC markets of Australia, Japan, Singapore, South Korea, New Zealand and Taiwan, as well as in select developing Asian markets.
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Globally, Patrizia has €7 bn of infrastructure AUM in equity, debt and listed strategies.
The new strategy is Patrizia’s second dedicated real assets vehicle to launch in APAC in the last three months following the announcement of a new residential strategy in Japan.
