Patron

The London-based private equity and real estate firm has raised one of the largest opportunistic and distressed asset investment funds in Europe so far this year.

The London-based firm has closed its largest fund so far after receiving commitments of nearly €900 million from a range of US and European investors.

The London-based firm has closed its largest fund so far after receiving commitments of nearly €900 million from a range of US and European investors.

The firm’s second vehicle drew roughly double the commitments of its first fund.

After two years of courtship, the London private equity house has agreed to acquire Simon Storage, the port and logistics business.

The fund will be invested in assets or as equity.

But Keith Breslauer said the shape of any bid “remains to be determined”.

Hugh Mumford, who retires after 34 years at the firm, is succeeded by Alex Fortescue as part of a succession plan in the works since 2010.

Private equity placement agent Monument Group has established a transatlantic presence, augmenting its Boston-headquartered operations with a new office in London to be headed by co-founder John McLaren.

Fortress Investment Group has acquired an equity stake in Simon Storage as part of a near-£100m debt and equity financing for the private equity-backed UK fuels storage business.

Now Eric Welsh, a former Managing Director of the shipyard, is considering mounting a new offer for the company that went into receivership last month.