News

Patrizia sets out five-year €100bn AUM fund aim

News

Akanksha Soni

26 July 2024

Investment/finance

Patrizia has implemented a new mid-term strategy to reach €100bn (£84.3bn) AUM within the next five years.

The investment manager aims to become the go-to manager for smart real asset solutions by focusing on five key growth areas: living, value-add strategies, re-infra & smart city solutions, European infrastructure, and its Independent Advantage Investment Partners (fund of funds) platform.

Patrizia said it will leverage its strong position in Germany with “attractive real asset offerings” and continue to grow internationally with a focus on its large scalable discretionary flagship funds in real estate and infrastructure, alongside creating a “re-infra” asset class that combines the two.

To effectively execute its strategy, Patrizia has established a group executive committee to replace the previous executive committee.

It will sit under the board of directors and consists of six executive directors: Patrizia chief executive Asoka Wöhrmann, former chief financial officer and current operating officer Christoph Glaser, founder Wolfgang Egger, and Martin Praum, James Muir and Konrad Finkenzeller.

Wöhrmann said: “Our clear ambition is to become the investment manager of choice for smart real asset solutions. We will leverage our strong position in Germany, significantly grow in Europe and attract more international investors to our attractive real estate, infrastructure, and re-infra investment platform.”

“Our GEC will drive our investment process end-to-end across all our asset classes while continuing to enhance client-centricity, efficiency and innovation for the benefit of our clients and stakeholders.”

Uwe Reuter, chairman of thebBoard of directors of Patrizia, added: “Patrizia’s strategy 2030 provides a clear growth path for the company in all asset classes across all geographies.

“And the future execution-focused organisational set-up under the new leadership team will enable Patrizia to win in the next cycle and provide attractive long-term value for its clients and other key stakeholders.”

Send feedback to Akanksha Soni

Follow Estates Gazette

Patrizia

Patrizia has implemented a new mid-term strategy to reach €100bn (£84.3bn) AUM within the next five years. The investment manager aims to become the go-to manager for smart real asset solutions by focusing on five key growth areas: living, value-add strategies, re-infra & smart city solutions, European infrastructure, and its Independent Advantage Investment Partners (fund of funds) platform. Patrizia said it will leverage its strong position in Germany with “attractive real asset offerings” and continue to grow internationally with a focus on its large scalable discretionary flagship funds in real estate and infrastructure, alongside creating a “re-infra” asset class that combines the two. To effectively execute its strategy, Patrizia has established a group executive committee to replace the previous executive committee. It will sit under the board of directors and consists of six executive directors: Patrizia chief executive Asoka Wöhrmann, former chief financial officer and current operating officer Christoph Glaser, founder Wolfgang Egger, and Martin Praum, James Muir and Konrad Finkenzeller. Wöhrmann said: “Our clear ambition is to become the investment manager of choice for smart real asset solutions. We will leverage our strong position in Germany, significantly grow in Europe and attract more international investors to our attractive real estate, infrastructure, and re-infra investment platform.” “Our GEC will drive our investment process end-to-end across all our asset classes while continuing to enhance client-centricity, efficiency and innovation for the benefit of our clients and stakeholders.” Uwe Reuter, chairman of thebBoard of directors of Patrizia, added: “Patrizia’s strategy 2030 provides a clear growth path for the company in all asset classes across all geographies. “And the future execution-focused organisational set-up under the new leadership team will enable Patrizia to win in the next cycle and provide attractive long-term value for its clients and other key stakeholders.”