This is the third Patron Capital fund domiciled in Jersey under the island's well-established Expert Fund regime. Fund VII will continue the to employ Patron Capital's opportunistic investment strategy which focuses primarily on distressed and/or undervalued property and property related investments, mostly in Western Europe, and has a welcome ESG focus.
The Carey Olsen team advising Patron Capital comprised partner Chris Griffin and associate Heather Taylor.
Chris Griffin said: "Fund VII is clear evidence that managers can continue to launch well-regulated funds from Jersey in a pragmatic and cost-effective way, even in these challenging times."
Patron Capital's general counsel, Kendall Langford, commented: “Patron Capital values long term relationships and the continuity afforded by working with Carey Olsen on consecutive funds, coupled with the stability of the Jersey Expert Fund regime, was a real benefit.”