PATRIZIA AG has completed the first close of a new EUR100mn 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. 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.

Source: Private Equity Wire