Partners Group raises EUR 3 billion for direct private infrastructure
OREANDA-NEWS. Partners Group, the global private markets investment manager, has seen record demand for its most recent direct private infrastructure offering. The firm has raised a total of EUR 3 billion via its latest flagship global direct program ("the Program"), for which fundraising ended in February 2018 with the close of Partners Group Direct Infrastructure 2016, together with additional capital committed to direct infrastructure via a number of other commingled investment programs and mandates that were raised in parallel.
The Program is the successor to Partners Group Direct Infrastructure 2011, which closed in mid-2012. It follows the same relative value investment approach, which capitalizes on the firm's global platform and extensive industry network to source attractive investments across a range of sectors. In terms of investment strategy, the Program aims to create value for its clients via platform expansions, operational value creation and building core assets.
Brandon Prater, Partner, Head Private Infrastructure Europe, Partners Group, states: "We continue to focus on our proven strategy of investing in high-quality infrastructure assets or projects, with value creation potential and visibility on future cash-flow generation. In the current environment, the sectors we believe offer the most attractive opportunities globally include the renewables, communications, and energy infrastructure sectors, where certain transformative trends have led to outsized pockets of growth."
At the time of its final close, the Program was already committed to eleven investments on behalf of its investors across a diverse range of sectors and regions. Examples include Borssele III/IV, a 730MW wind farm development located off the coast of the Netherlands; Raven, a project to build a state-of-the-art ethylene processing facility in Baytown, Texas; and High Capacity Metro Trains, an AUD 2 billion project to design and deliver 65 trains to the State of Victoria in Australia.
Juri Jenkner, Partner, Head Private Infrastructure, Partners Group, adds: "We see strong demand from our global client base for our flagship private infrastructure offerings, with investors appreciating the diversification benefits an allocation to the asset class can bring to their portfolios. As a firm, we are currently focused on three global megatrends, which we believe will generate attractive investment opportunities across private markets asset classes in the long term: digital transformation, new generation living and consumption, and the energy revolution."
Partners Group's founders, partners, and other employees, together with affiliates of the firm, made a substantial investment into the Program, committing more than 4% of the funds raised.
Partners Group is a global private markets investment management firm with over EUR 62 billion (USD 74 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in Denver, Houston, New York, S?o Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 1,000 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.
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