Paul Hastings LLP, a leading global law firm, announced today that the firm represented Patron Capital, the specialist pan-European opportunistic and distressed asset investor, as U.S. legal counsel in forming a new private investment fund, Patron Capital, L.P. IV. The Fund recently had its final closing, raising over US$ 1.1 billion from a diverse, global investor base including, among others, pension funds, endowments, private foundations and high net worth individuals. Fund IV is seeking to make investments in opportunistic distressed and undervalued properties and asset based corporate transactions, primarily across Western Europe.
Lawrence Hass, the global head of Paul Hastings’ Private Investment Fund Practice Group, led the firm’s efforts on the formation of the fund, aided by Tax partner Kristen Chang Winckler and Corporate associateJonathan Panek.
Patron’s General Counsel and Senior Partner Kendall Langford commented, “We were very pleased to be working with Paul Hastings for the fourth time running. Every fund has presented it’s own challenge and Larry and his team have successfully met each one, which is why we keep on coming back. We are very grateful for their efforts in helping us achieve this great result.”
