Patron Capital has recruited Henry Randolph from CBRE as partner, credit.
At CBRE, Randolph was a senior director in the capital advisers’ lending platform, originating, underwriting and executing a wide range of senior real estate investment and development loan facilities, primarily in the UK. Prior to that, he worked at Barclays in the property debt finance team.
In his new role, he will work closely with Patron’s senior leadership team to develop Patron’s real estate credit business.
Patron’s investor base will fund its new credit business, which will be supplemented where appropriate by existing equity committed to Patron’s current fund, Patron Capital LP VII. The firm is also in talks with new investors and capital partners interested in investing in credit opportunities it has identified.
Stephen Green, senior partner at Patron Capital, said: “We welcome Henry to the business. With a 26-year track record of opportunistic real estate investment across Europe, we are expanding into new segments of the real estate market. At a time when traditional lenders are constrained, we see significant opportunities for private businesses with real estate expertise to step in and fill funding gaps many borrowers are faced with. Henry will play a key role as we develop our business in the space.”
Randolph added: “I couldn’t be more excited to join Patron. The granular approach the business takes to asset underwriting and its hugely successful long-term track record are a fantastic base from which to build a credit-focused business. I look forward to working closely with Patron’s senior leadership team and my new colleagues across the business to achieve this goal.”
