Stockbroker Patersons is to leverage off its corporate finance capabilities with the setting up of Patersons Capital Partners (PCP).

According to Patersons executive chairman Michael Manford, PCP will be a manufacturer of investment product for both professional and retail clients.

The group will develop new business ventures through partnerships, injection of capital and provision of board and management expertise.

"PCP will pursue special situation opportunities in the listed and unlisted sectors, with the aim of creating and growing shareholder value," he said.

The new group will sit within Patersons Corporate Finance division, which raised more than $1 billion in new capital in calendar year 2007.

Last month the group announced the creation of Patersons Asset Management offering investment products to institutional, wholesale and retail investors

"We have used our strong national infrastructure and institutional and retail client base to grow a financial planning business, secure more than $1 billion in funds under management and administration, and a corporate finance team that has the capacity to raise more than $1 billion in a calendar year," Manford said.

"The recent launch of the Patersons Asset Management funds management business and the establishment of PCP are natural extensions of this."

The core of the new team has come from ASX listed energy company Alinta.

Rod Evans was group manager acquisitions and strategy, Shaun Duffy was group manager investor relations and David De Loub was group manager treasury within Alinta.

Patersons Capital Partners will commence trading on 1 January 2008.