Launches & Closures

Patrician’s new media vehicle targets Asian investors

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Patrician Asset Management, a Mauritius-domiciled asset manager, is targeting Asian investors for its new Citizen Entertainment Fund, a fixed-income media fund that has just received its first investment from a large European public company and is in advanced talks with several other investors.

With a capacity exceeding $1 billion, the fund’s immediate goal is to raise $100 million within six months to invest in a pipeline of already identified projects.

Its low volatility and leverage are attracting interest from investors looking for high returns away from the volatility seen recently in the financial markets.

Although the primary focus