Patrimonium acquired through its company Patrimonium Infrastructure RailCar Opportunity (PIRCO) an additional fleet of 1,500 freight railcars, thereby bringing its total fleet up to 2,000 railcars.
The main investors of PIRCO are a fund – managed and advised by Special Investments Group (SIG) of Credit Suisse – and Ermewa, one of the leading railcar lessors in Europe.
Ermewa assumes the responsibility for the management of the fleet and will utilise its customer contacts and operational expertise in the railcar leasing business to safeguard the proper servicing of the contracts and maintenance of the fleet. Ermewa leases the railcars on long-term contracts to industrial companies in Europe.
“Our investment in this railcar portfolio underlines our strong belief in the attractiveness of railcars as an asset class (infrastructure-like) and Ermewa as a top tier lessor and manager of railcars,” Christoph Syz, a Founder and CEO of Patrimonium, said.
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