Patrizia has completed the first close of its €100m venture capital fund, Sustainable Future Ventures (SFV).
The funds have been acquired from a range of pension funds and family offices, as well as strategic real estate operators and investors.
€50m of equity will be invested in seed to series B technology companies globally, with a strong focus on Europe.
The SFV capital fund will target investments in technology companies that enable a more sustainable built environment.
Wolfgang Egger, chief executive and founder of Patrizia, said the fund will “play an important role in real asset’s journey to net-zero”. He added: “Reducing our carbon footprint in construction and real estate is the biggest challenge of our time, so funding the companies at the cutting edge of sustainable innovation is absolutely essential.
“Besides real estate and infrastructure, venture capital as a product offers our clients the potential for attractive investment returns and strategic advantages, particularly for investors with real estate portfolios.”
The fund is led by partners Conan Lauterpacht and Matthew Chagan. The capital fund has so far invested in two companies – GBuilder and Liftango.
Matthew Chagan, partner at SFV, said: “The movement towards carbon neutrality in our sector will demand a significant deployment of investment that we believe will fundamentally change the economics of the built environment and accelerate the adoption of technology solutions.
“It’s a very exciting time to be in this space, and I hope we can make a significant contribution towards reaching sustainability targets through technology.”
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