Large Platform Events | Issue 24.20

 

Summary of Transaction Headlines

IREI | “Patron Capital Raises More Than €860 Million ($920 Million USD) for Fund VII”

Patron Capital, the pan-European institutional investor focused on property-backed investments, has closed its seventh flagship fund, raising more than €860 Million ($920 Million USD), including more than €200 Million ($216 Million USD) of Patron discretionary co-investment capital for larger opportunities. Of the capital raised for Patron Capital LP VII, 76 percent came from Patron’s existing investor base and existing relationships, with most commitments coming from the United States and Canada, followed by Asia Pacific, Europe, and the Middle East.

Pensions & Investments | “CalSTRS Deputy CIO Scott Chan Promoted to CIO”

Scott Chan, CalSTRS Deputy Chief Investment Officer, is the new CIO of the $336.2 Billion pension fund, the nation’s second-largest public pension fund, CalSTRS announced May 15. His first day as CIO will be July 1, replacing longtime CIO Christopher Ailman, who is retiring on June 30. Chan will report to the Board’s Investment Committee and the CEO.

IREI | “Brennan Investment Group Names New CIO”

Brennan Investment Group has named Kevin Brennan as CIO. With this appointment, Brennan will lead Brennan’s 17 regional offices in its objective of investing in value-added industrial real estate throughout the United States. As a Co-Founder, Brennan has been with Brennan since its inception in 2010 and currently serves on its Executive Committee and Investment Committee. Brennan previously served as the Head of Brennan’s Midwest region for the past 10 years.

IREI | “LGPS Central CIO to Depart”

Gordon Ross is set to depart as Chief Investment Officer of LGPS Central, a Manager of eight Midlands-based local government pension schemes in the United Kingdom, according to Room 151. Ross has been the CIO at LGPS Central since July 2020. He joined LGPS Central in January 2018 as Deputy CIO and Investment Director, Fixed Income. 

IREI | “CapitaLand India Trust Names New CEO”

CapitaLand India Trust (CLINT) has appointed Gauri Shankar Nagabhushanam as CEO. Nagabhushanam is CapitaLand Investment’s (CLI) CEO, India Business Park. He will succeed Sanjeev Dasgupta, the current CEO of CLINT. Nagabhushanam will be responsible for driving the growth of CLINT, Asia’s first India-focused property trust listed in Singapore.

IPE Real Assets | “European Student Accommodation Firm Nido Appoints Matta CEO as it Gears up for Growth”

The European student accommodation platform Nido has appointed Carlo Matta as CEO to drive the business as it accelerates its growth strategy. Matta will expand the Canada Pension Plan Investment Board-owned company’s investment and development focus in target markets, building on the well-established management business. Matta’s previous role as President of CA Ventures’ European business, where he directed the business into new markets such as Spain, Italy, Ireland, and the UK. Matta’s other notable roles include MD at Hines Europe, where he led Hines’ Pan-European office development fund, and CEO of Actis portfolio company Laurus Development Partners.