Paxion Capital acquires significant stake in developer Patrinely Group

Patrinely Group LLC, a Houston-based real estate investment, development and management firm, has some new investment partners.

Menlo Park, California-based Paxion Capital LLC has acquired a significant stake in Patrinely, according to a Nov. 23 press release. Terms were not disclosed. Jim Davidson and Fritz H. Wolff, co-founders of Paxion, and Len O’Donnell, president and CEO of USAA Real Estate, are also investing in the transaction.

San Antonio-based USAA Real Estate is one of the companies…