Palmer Capital Partners is to announce this week that it has launched its first European venture and is to seek funds for three funds in the coming months. Financial Times
PCP, set up by Ray Palmer, backs start-up property developers, offering them loans – typically £200,000 – to begin investing.
The group takes a 33% stake in these fledgling businesses and has so far helped nine in this way.
PCP also runs six property funds that invest institutional money and in development projects, which are typically – but not always – carried out by any of the nine start-up companies.