Asset manager Patrizia has said that it aiming to become a leading manager for global real assets with EUR 100 billion AUM within the next five years.
In a press release, the company has said its ambition is to become the go-to manager for smart real assets 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. The firm said that internationally it will focus on its discretionary flagship funds in real estate and infrastructure alongside creating a new “Re-Infra” asset class that combines the two.
Patrizia has established a new Group Executive Committee as part of a larger organisational adjustment. James Muir will become head of the investment division.
Dr Asoka Wöhrmann, Chief Executive Officer of PATRIZIA SE, 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 new Group Executive Committee 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.”
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