Swiss asset manager Partners Group has secured €6 billion for investing in PE deals, consisting of €3 billion for its Partners Group Direct Equity 2016 fund and an additional €3 billion in commitments for other direct investments. Firm employees will provide more than 5% of the capital toward its Direct Equity 2016 fund.
Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More
The fundraising highlights several key trends in PE so far this year. For one, it continues to showcase the year’s buoyant fundraising environment, one that’s seen the likes of CVC Capital Partners, Apollo Global Management and more raise 11-figure funds. The news from Partners Group, which is an active secondaries investor, also reinforces the idea that traditional LPs are shifting focus to direct investing rather than passively backing general partners.
Partners Group has already been busy this year when it comes to backing companies. Just this week, the acquired UK business software specialist Civica for just over £1 billion from OMERS Private Equity.
Article by PitchBook
