Private equity investor Patron Capital is to team up with Legal&General to target social property assets as a strong longer-term investment.
The new Perpetual Opportunities Fund will target UK an Irish projects such as affordable housing, school refurbishments and town centre regeneration.
The opportunities are considered to long-term for Patron and too high-risk for L&G’s existing £4.6bn property investment platforms.
No investment target has been set, but the fund will start with a first tranche of £200m.
Financial Times, 22
