diff --git a/docs/release-notes.rst b/docs/release-notes.rst
index 8698351460..ec60c92997 100644
--- a/docs/release-notes.rst
+++ b/docs/release-notes.rst
@@ -2,6 +2,7 @@
 Release Notes
 =============
 
+.. include:: release-notes/v0.7.2.rst
 .. include:: release-notes/v0.7.1.rst
 .. include:: release-notes/v0.7.0.rst
 .. include:: release-notes/v0.6.3.rst
diff --git a/docs/release-notes/v0.7.2.rst b/docs/release-notes/v0.7.2.rst
new file mode 100644
index 0000000000..35cf8e095c
--- /dev/null
+++ b/docs/release-notes/v0.7.2.rst
@@ -0,0 +1,43 @@
+|release v0.7.2|_
+=================
+
+This is a patch release from ``v0.7.1`` → ``v0.7.2``.
+
+Important Notes
+---------------
+
+* ``pyhf`` became a `NumFOCUS Affiliated Project
+  <https://numfocus.org/sponsored-projects/affiliated-projects>`__ on
+  2022-12-19. |NumFOCUS Affiliated Project|
+  ``v0.7.1`` is the first release to appear in a NumFOCUS Newsletter and
+  ``v0.7.2`` is the first release to appear as part of the Affiliated Projects
+  page.
+  (PR :pr:`2179`)
+
+Fixes
+-----
+
+* If a multiple component parameter of interest is used raise
+  :class:`~pyhf.exceptions.InvalidModel`.
+  This guards against modifiers like :class:`~pyhf.modifiers.shapefactor`,
+  :class:`~pyhf.modifiers.shapesys`, and :class:`~pyhf.modifiers.staterror`
+  from being used as POIs.
+  (PR :pr:`2197`)
+* Use :data:`typing.TYPE_CHECKING` guard to avoid causing a
+  :class:`ModuleNotFoundError` when the version of NumPy installed is older
+  than ``v1.21.0``, which is the first NumPy release to include
+  :mod:`numpy.typing`.
+  (PR :pr:`2208`)
+
+Contributors
+------------
+
+``v0.7.2`` benefited from contributions from:
+
+* Alexander Held
+
+.. |release v0.7.2| replace:: ``v0.7.2``
+.. _`release v0.7.2`: https://github.com/scikit-hep/pyhf/releases/tag/v0.7.2
+
+.. |NumFOCUS Affiliated Project| image:: https://img.shields.io/badge/NumFOCUS-Affiliated%20Project-orange.svg?style=flat&colorA=E1523D&colorB=007D8A
+   :target: https://numfocus.org/sponsored-projects/affiliated-projects