DGAP-News

PATRIZIA AG: PATRIZIA completes first close of new EUR 100 million Sustainable Future Ventures VC Fund

DGAP-News: PATRIZIA AG / Key word(s): Sales Result PATRIZIA AG: PATRIZIA completes first close of new EUR 100 million Sustainable Future Ventures VC Fund 22.06.2022 / 08:00 The issuer is solely responsible for the content of this announcement. PATRIZIA completes first close of new EUR 100 million Sustainable Future Ventures VC Fund

• Sustainable Future Ventures invests in high growth technology companies that enable a more sustainable built environment
• First close of EUR 50 million of equity to invest in Seed to Series B technology companies globally with a strong focus on Europe
• The fund has already closed two investments in GBuilder and Liftango

Augsburg, 22 June 2022. PATRIZIA AG, a leading partner for global real assets, has completed the first close of a new EUR 100 million venture capital fund “Sustainable Future Ventures” (SFV). The initial close includes funds from a range of investors including pension funds and family offices, as well as strategic real estate operators and investors.

Wolfgang Egger, CEO and Founder of PATRIZIA, said: “We are delighted to see the successful first close of our new VC fund product which will play an important role in real asset’s journey to net-zero. Reducing our carbon footprint in construction and real estate is the biggest challenge of our time, so funding the companies who are 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 newly launched fund, which is the first in a new fund series, is led by partners Conan Lauterpacht and Matthew Chagan. It will target investments in technology companies that enable a more sustainable built environment and will focus on late Seed to Series B technology companies globally, with a strong focus on Europe. The fund has already been active, investing in two companies that are leaders in their respective markets: GBuilder and Liftango.