Patrizia raises €182m for multi managers fund

Finance

Patrizia has raised €182m (£162m) at the first close of its fifth multi managers fund, PMM Global V.

The fund, which has a target of €700m, will invest in global real estate through funds, club deals, joint ventures and co-investments. The fund has already completed its first investment, an office investment in Hong Kong with an existing Asian partner with a successful track record.

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