Carey Olsen's Jersey funds team has advised Patron Capital Advisors on the launch of its fifth European real estate fund, Patron Capital Fund V, which recently held its final closing with a total fund size of €948,632,391 (including €143 million of co-investment capital).
This is the first of the Patron funds to be domiciled in Jersey under the jurisdiction's expert fund regime. The fund focuses primarily on distressed and/or undervalued property and property-related assets, mostly in Western Europe.
Carey Olsen Partner Daniel O'Connor and Counsel Chris Griffin led the team advising on the Jersey aspects of the fund's establishment and regulatory authorisation, with assistance from Associate Sarah Townsend on the fund launch.